Stock indices decline despite CPI data (21/6)

[xiuchic]

A sluggish mood overshadowed the market this June 21 morning, driving down both shares on the two national stock exchanges.

Despite the Consumer Price Index (CPI) in June declining slightly in both Ha Noi and HCM City, the benchmark VN-Index on the HCM City Stock Exchange gave up 0.17 per cent to close the first half session at 432.16 points.

Market volume and value were modest with just 28.4 million shares, worth VND457.4 billion (US$21.8 million), changing hands.Losers outnumbered gainers by 128-57, led by blue chips.

The VN30 Index measuring the performance of the 30 largest shares by market value and liquidity sank 0.54 per cent to stand at 505.47 points.Amongst the top 30 shares, only the two largest listed lenders Vietinbank (CTG) and Vietcombank (VCB) increased 0.5 per cent and 1 per cent, respectively. Most of the others closed down slightly or remained unchanged.

Telecom equipment provider SACOM Development and Investment Corp (SAM) was the only code seeing trades in excess of 1 million shares. SAM became the most active stock on a total trade of 1.54 million shares, rising 1.2 per cent to finish this morning at VND8,600 ($0.41).

On the Ha Noi Stock Exchange, the HNX-Index ended 0.26 per cent lower at 74.17 points on a modest turnover of nearly VND149 billion ($7.1 million).

Market conditions were negative with 97 codes falling, 59 rising and up to 241 closing unchanged.
PetroVietnam Construction (PVX) was again the most active code with1.55 million shares changing hands, closing 1 per cent down at VND10,300 ($0.49) a share.

The afternoon session will resume at 1pm.