Chủ đề: Stocks lower on blue chip sales
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23-05-2011 11:31 AM #1
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Stocks lower on blue chip sales
A sharp decrease in Ha Noi's inflation rate failed to bolster stock trading in domestic markets in Fiday's morning.
The Ha Noi Consumer Price Index (CPI) rose by 1.76 per cent in May compared to the April rate of 3.3 per cent.
In HCM City, the VN-Index ended the day on a 2.69 per cent low of 432.87 points.
Trade value rose slightly from yesterday to VND587.1 billion (US$28 million) on a total volume of 26.7 million shares.
Around 180 out of 289 listed companies and funds experienced declines, blue chips plunging the most. Dairy producer Vinamilk (VNM) fell 4.4 per cent; followed by Masan Group (MSN) down 4.9 per cent, insurer Bao Viet Holdings (BVH) down 4.9 per cent and resort developer Vinpearlland (VPL) down 5 per cent.
Banking and property stocks fell slightly by 1.5 and 1 per cent, respectively.
Around 48 codes managed gains, penny stocks experiencing the highest increase. Nari Hamico Mineral (KSS) went up 5 per cent, Vinh Hoan Corporation (VHC) up 4.8 per cent, Cuu Long Petro Urban Investment and Development (CCL) up 4.7 per cent and Interfood Shareholding (IFS) up 4.7 per cent.
Saigon Securities Inc (SSI) shares where the most active trading 1.5 million in volume. SSI closed 3.14 per cent (VND18,500).
On the Ha Noi Stock exchange, the HNX-Index dropped by 1.61 per cent to close at 76.98 points.
Decliners outnumbered advancers by 216-56.
Market value came to VND315.2 billion ($15 million), an increase of 5 per cent compared to yesterday, with around 20 million shares traded.
VNDirect Securities (VND) shares were the most active with 1.7 million traded. VND closed unchanged at VND13,400.
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