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Stocks reverse previous gains

May 31st at 13:09
31-05-2012 13:09:08+07:00

Stocks reverse previous gains

Shares declined this morning after posting gains yesterday. On the HCM City Stock Exchange, the VN-Index tumbled 0.7 per cent, finishing morning trading at 432.15 points. Losers outnumbered gainers by 192-38.

The VN30, formed by the southern bourse's 30 best stocks, closed at 510.44 points, a 0.6 per cent off.

Only construction firm Sudico (SJS) and food processor Hung Vuong among these 30 stocks managed to add points. Meanwhile, largest shares lost significant value, such as Vietinbank (CTG), property developers Hoang Anh Gia Lai (HAG) and Vingroup (VIC), and PetroVietnam Gas (GAS) - which is not included in the VN30 but has become the second largest listed stock.

Market value in HCM City reached VND425.5 billion (US$20.2 million), or 54 per cent of yesterday's entire session, on a volume of 26.4 million shares.

On the Ha Noi Stock Exchange, trading value this morning only accounted for around 66 per cent of yesterday's whole level, totalling VND229 billion ($10.9 million). The volume of trades fetched nearly 24.2 million shares.

The market is due to open again at 1 pm.

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