Blue chips losses drive down both stock indices
Blue chips losses drive down both stock indices
Stocks plunged further this October 24 morning on both stock exchanges, driven by slumps of blue chips.
The VN-Index on the HCM City Stock Exchange edged down another 1.12 per cent to close the morning's session at 391.03 points with a low value of VND473.3 billion (US$22.5 million).
Blue chips led the downturn as the VN30 tracking the top 30 shares on the bourse was down 1.34 per cent to 460.39 points.
Shares in Tan Tao Investment Industry Corp (ITA) sold heavily with nearly 4.4 million traded, depressing the shares to the floor price at VND4,100.
Kinh Bac City Development (KBC) and PetroVietnam Finance (PVF) also saw their shares drop to the floor price, while others fell steeply including dairy giant Vinamilk (VNM), Sacombank (STB), Eximbank (EIB) and insurer Bao Viet Holdings (BVH) with losses from 1-3.8 per cent.
Only steelmaker Hoa Phat Group (HPG) and food processor Masan Group (MSN) posted gains, with increases of 2.2 per cent and 0.5 per cent respectively.
On the Ha Noi Stock Exchange, the HNX-Index declined 0.85 per cent to a close on 53.79 points with a poor trading value of VND105 billion ($5 million).
Developer Sacomreal (SCR) was temporarily the most active code on the northern bourse this morning with 2.6 million shares exchanged, hitting the floor price of just VND5,600 a share.
PetroVietnam Construction (PVX) was the second most active stock with trades of 1.87 million shares. The shares sank 4.5 per cent to VND4,200 each after the company posted a heavy loss of VND546 billion ($26 million) in the first nine months of this year.
Trading will resume at 1pm.
vietnamnews
