kieudiemvje
04-10-2011, 10:44 AM
About 60 per cent of shares nose-dived when Viet Nam's stock market opened Monday morning, driving down both of the nation's indices.
On the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) Stock Exchange, the VN-Index lost 1.28 per cent to close today at 422.12. Market value fell 61 per cent against Friday's figure, to end at VND495 (US$23.8 million), with just 29.5 million shares changing hands.
Losers overwhelmed gainers by 184-48, with large-caps declining.
Eight of the 10 biggest shares by market capitalisation lost value, with insurer Bao Viet Holdings (BVH (http://finance.vietstock.vn/StockDetail.aspx?scode=BVH&q=BVH&language=en)) dropping to the floor, while others declined by between 0.9 per cent to 2.5 per cent. Just two codes posted gains. They were Sacombank (STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en)), which closed 1.8 per cent up; and dairy producer Vinamilk (VNM (http://finance.vietstock.vn/StockDetail.aspx?scode=VNM&q=VNM&language=en)), up 0.8 per cent.
STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en) was also the most active stock on the southern bourse with 1.37 million shares exchanged. It closed at VND14,500 ($0.70).
On the Ha Noi Stock Exchange, the HNX (http://finance.vietstock.vn/StockDetail.aspx?scode=HNX&q=HNX&language=en)-Index declined 1.35 per cent to finish at 70.38 points. Today's trades remained sluggish, with just 36.7 million shares, worth nearly VND363.5 billion ($17.5 million), traded.
Losers outnumbered gainers by 211-59. Kim Long Securities (KLS (http://finance.vietstock.vn/StockDetail.aspx?scode=KLS&q=KLS&language=en)), the most active stock nationwide, saw 3.6 million shares exchanged. However, it lost 3.4 per cent of its value to close at VND11,400 ($0.55).
On the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) Stock Exchange, the VN-Index lost 1.28 per cent to close today at 422.12. Market value fell 61 per cent against Friday's figure, to end at VND495 (US$23.8 million), with just 29.5 million shares changing hands.
Losers overwhelmed gainers by 184-48, with large-caps declining.
Eight of the 10 biggest shares by market capitalisation lost value, with insurer Bao Viet Holdings (BVH (http://finance.vietstock.vn/StockDetail.aspx?scode=BVH&q=BVH&language=en)) dropping to the floor, while others declined by between 0.9 per cent to 2.5 per cent. Just two codes posted gains. They were Sacombank (STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en)), which closed 1.8 per cent up; and dairy producer Vinamilk (VNM (http://finance.vietstock.vn/StockDetail.aspx?scode=VNM&q=VNM&language=en)), up 0.8 per cent.
STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en) was also the most active stock on the southern bourse with 1.37 million shares exchanged. It closed at VND14,500 ($0.70).
On the Ha Noi Stock Exchange, the HNX (http://finance.vietstock.vn/StockDetail.aspx?scode=HNX&q=HNX&language=en)-Index declined 1.35 per cent to finish at 70.38 points. Today's trades remained sluggish, with just 36.7 million shares, worth nearly VND363.5 billion ($17.5 million), traded.
Losers outnumbered gainers by 211-59. Kim Long Securities (KLS (http://finance.vietstock.vn/StockDetail.aspx?scode=KLS&q=KLS&language=en)), the most active stock nationwide, saw 3.6 million shares exchanged. However, it lost 3.4 per cent of its value to close at VND11,400 ($0.55).