Shares fall for second day on national exchanges

[kieudiemvje]

Shares continued to fall for the second day with very low trades on both of the nation's stock exchanges.

On the HCM City Stock Exchange, the VN-Index dropped from the landmark 450 points to close at 446.3, a fall of 1.06 per cent against yesterday. The bourse's volume and value remained sluggish, with just 25.5 million shares worth VND586.2 billion (US$30.1 million) changing hands.
Decliners outnumbered advancers by 169-40.
Most blue chips tumbled and of the 10 largest capitalised shares, only Phu My Fertiliser (DPM) rose 0.56 per cent.
Saigon Securities Inc (SSI) was the most active stock on the southern bourse on a volume of nearly 1.5 million shares, but it dropped by 2.04 per cent in value to close at VND24,000 ($1.23).
On the Ha Noi Stock Exchange, the HNX-Index lost nearly 1 per cent to close at just under 110.
Trading volume improved to more than 21.7 million shares worth VND425.6 billion ($21.8 million) compared to yesterday - an increase of around 35 per cent in both volume and value.
The number of losers was 4.8 times higher than gainers.
PetroVietnam Construction (PVX) was still the most heavily-traded share nationwide with 1.95 million shares exchanged. PVX fell another 1.41 per cent over yesterday's value to close at VND20,900 ($1.07).