Shares stall on sluggish trades
Shares stall on sluggish trades
National stocks reversed a two-session rally to fall during this June 19 morning's trading despite rumours that petrol price could decline again.
As the global energy market dwindled overnight, domestic petrol dealers said that retail prices could totally be reduced.
Meanwhile, on the HCM City Stock Exchange, the decline eased towards the end of the morning session, helping the VN-Index lose only 0.5 per cent to 433.52 points.
The VN30 retreated 0.4 per cent to 508.64 points.
Only a few shares among the leading stocks tracked by the VN30 managed to advance. They were Eximbank (EIB), food processors Hung Vuong (HVG) and Masan Group (MSN), Sacombank (STB), and Khang Dien House (KDH), which hit its ceiling price of VND16,500 per share.
A meagre trading volume of 22.4 million shares changed hands, worth a total value of VND350.8 billion (US$16.5 million) – dropping 43.3 per cent over yesterday morning's level.
On the Ha Noi Stock Exchange, the HNX-Index tumbled by 0.8 per cent, concluding at just 74.29 points.
Losers outnumbered gainers by 177-32.
The value of trades reached only 54.6 per cent of yesterday morning's figure, or VND168.6 billion ($8 million), as trading volume fetched 15.3 million shares.
The exchanges are due to re-open at 1 pm.
vietnamnews
