The VN-Index on September 29 fell below the psychological support
level of 600 points, losing 0.86 percent to close the session at 599.78
points.
Blue chips dragged the market down substantially. Most
of the top 30 shares by market value and liquidity sank, including
Vinamilk (VNM), Masan Group (MSN), VinGroup (VIC), Bao Viet Holdings
(BVH), Kinh Do Corp (KDC), Vietcombank (VCB) and Vietinbank (CTG).
The VN30 dropped 1.02 percent to finish at 642.98 points.
Saigon
Securities Inc (SSI), the biggest securities company on the Ho Chi Minh
Stock Exchange, found itself among the few gainers on September 29,
sustained by the information that the Australian bank ANZ would sell its
entire stakes in the brokerage company.
SSI rose 5.14 percent
to end the session at 30,700 VND (1.45 USD) per share with nearly 14.4
million shares traded, making it the most active code.
SSI
Chairman Nguyen Duy Hung said ANZ’s divestment would provide
opportunities for other foreign investors who could not buy-in because
all shares allotted to foreigners had been taken since 2011.
The
market volume changed little compared with the previous session,
totalling 127.43 million shares, worth 2.756 trillion VND (130.6 million
USD).
On the Hanoi Stock Exchange, the HNX-Index ended flat at 88.57 points, despite rising for most of trading time.
Blue
chips, which drove the market’s momentum in the morning, reversed their
growth in the afternoon, pushing the HNX30 down 0.02 percent to stand
at 181.11 points.
Liquidity waned, with the trading volume
decreasing 20 percent from the previous session, reaching 59.5 million
shares. The market value dropped 10 percent to 892 billion VND (42.3
million USD).
Speculative stock PetroVietnam Construction Corp.
(PVX) remained the most active stock with 8.2 million shares traded,
closing flat at 6,900 VND per share.
Foreign investors unloaded
stocks to realise profits in the HCM City’s market while channelling
money into the Hanoi Stock Exchange. They were responsible for a net
sell value of nearly 35 billion VND (1.7 million USD) in HCM City.
In Hanoi, they picked up shares worth 13.2 billion VND (626,000 USD).-VNA