Low CPI fails to lift shares on both bourses
Low CPI fails to lift shares on both bourses
Slow increases in CPI (consumer price index) this month in the two major cities of Ha Noi and HCM City failed to lift shares on both national bourses this morning as expected.
CPI in November increased 0.22 per cent against last month in Ha Noi, while it went up just 0.1 per cent in HCM City, the lowest rise in four years.
On the HCM City Stock Exchange, the VN-Index slid 0.52 per cent to stand at 383.10 points by the end of this morning's session.
Value of trades improved over the course of yesterday morning, reaching VND225.7 billion (US$10.7 million). Value was boosted by the amount of trading in the top 30 shares, which accounted for 65 per cent of total market value, or VND145.7 billion ($6.9 million).
Most blue chips tumbled however, with a decrease of 0.71 per cent of the VN30 to 451.86 points.
Confectionery giant Kinh Do Corp (KDC) declined 3.7 per cent this morning to VND39,000 ($1.87) a share after hitting the ceiling price yesterday, while food processor Masan Group (MSN) was down 2.6 per cent to VND92,500 ($4.43) per share. Other companies, including PetroVietnam Finance (PVF), property developer VinGroup (VIC) and Sacombank (STB) also saw their share value fall slightly.
The Military Bank (MBB) had the most active stock this morning, with more than 827,000 shares traded, and closed flat at VND12,100 ($0.58).
On the Ha Noi Stock Exchange, the HNX-Index also gave up 1.12 per cent to finish this morning at 51.32 points with a low turnover of VND51.2 billion ($2.4 million).
Real estate company Sacomreal (SCR) reclaimed the position of having the most active code on trades, with nearly 1.54 million shares exchanged. However their value slumped 4.4 per cent to VND4,300 a share.
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