50% of codes slump, indices plunge
HA NOI – Shares plunged on both national stock exchanges this morning as almost 50 per cent of codes lost value.
The VN-Index on the HCM City Stock Exchange declined 1.31 per cent to a close of 477.34 points by the end of this morning with losers overwhelming gainers by 183-39 with the other 90 flat.
Trading was up on yesterday morning, however, with more than 49 million shares, worth over VND849 billion (US$40.6 million), changed hands.
Blue chips led the downturn today as no shares in the VN30, which tracks the top 30 shares by market capitalisation and liquidity, posted gains. The VN30 slumped 1.47 per cent to 549.99 points.
At the other end of spectrum, several house developers maintained their rises, including Duc Long Gia Lai Group (DLG), Hoa Binh Construction and Real Estate Co (HBC), Phat Dat Real Estate Development (PDR) and NBB Investment Corp (NBB), of which NBB hit its ceiling price for the second day.
Tan Tao Investment Industry (ITA) continued to be the most active code on trades of 3.3 million shares, falling 3.57 per cent to close at VND8,100.
On the Ha Noi Stock Exchange, the HNX-Index also gave up 1.5 per cent to finish at 63.23 points on a turnover of VND390.3 billion ($18.7 million).
PetroVietnam Construction (PVX) was again the most active code with 9.7 million shares changing hands, decreasing 8.57 per cent at VND6,400 a share.
Trading will resume at 1pm. – VNS