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View Full Version : Gloomy trading casts pall over market



kieudiemvje
20-07-2011, 08:26 AM
Shares on the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) Stock Exchange retreated this morning following Monday's rally. The VN-Index dived 1.4 per cent to finish the day on 410.12 points, more than half of all listed stocks losing ground.

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Trading, as a result, was sluggish. Only VND274.9 billion (US$13.3 million) worth of shares (16.7 million) was traded, causing a 21-per-cent decrease in value and a 14-per-cent decrease in volume compared to the previous day.
The jump of some blue chips failed to push the VN-Index up as food producer Masan Group (MSN (http://finance.vietstock.vn/StockDetail.aspx?scode=MSN&q=MSN&language=en)), one of the 10 largest capitalised shares, bottomed out.
Insurer Bao Viet Holdings (BVH (http://finance.vietstock.vn/StockDetail.aspx?scode=BVH&q=BVH&language=en)), property developers Hoang Anh Gia Lai (HAG (http://finance.vietstock.vn/StockDetail.aspx?scode=HAG&q=HAG&language=en)) and Vincom (VIC (http://finance.vietstock.vn/StockDetail.aspx?scode=VIC&q=VIC&language=en)), PetroVietnam Finance (PVF (http://finance.vietstock.vn/StockDetail.aspx?scode=PVF&q=PVF&language=en)) and Sacombank (STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en)) tumbled between 0.7-3.9 per cent.
Ony four of the 10 leading shares managed gains.
STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en) was again the most-active code on the southern bourse, with a modest 66,300 of its shares changing hands.
The HNX (http://finance.vietstock.vn/StockDetail.aspx?scode=HNX&q=HNX&language=en)-Index on the Ha Noi Stock Exchange lost another 0.4 per cent to conclude the session on 70.74 points.
Losers outnumbered gainers by 155-78.
Market value reached only 84 per cent of yesterday's figure, closing at VND192.4 billiom ($9.3 million) on a volume of 19 million shares.
PetroVietnam Construction Corporation (PVX (http://finance.vietstock.vn/StockDetail.aspx?scode=PVX&q=PVX&language=en)) claimed the highest trading volume nationwide, around 1.8 million of its shares exchanged.