Shares lose value as blue chips tumble
Shares lose value as blue chips tumble
Shares did not rally this November 6 morning, presumably because no one has explained why Sacombank's (STB) chairman Dang Van Thanh resigned.
Thanh also wanted to resign as member of the board, but the final decision will be made after the bank's next meeting.
On the HCM City Stock Exchange, the VN-Index lost 0.43 per cent to reach 375.65 points. Trading value this morning was about 70 per cent of yesterday's entire session, or VND260.6 billion (US$12.4 million), as 19.9 million shares changed hands.
Blue chips continued to decline. Property developer Tan Tao bottomed out, while shares of real estate and entertainment services investor Vingroup (VIC), Vietcombank (VCB), Vietinbank (CTG) and insurer Bao Viet (BVH) retreated 1-1.9 per cent.
Among the 30 leading shares tracked by the VN30, only Military Bank (MBB), Vinh Son-Song Hinh Hydropower (VSH), Da Nang Rubber (DRC), Gemadept Logistic (GMD) and Hoa Sen Steel (HSG) managed to add value.
The VN30 fell 0.4 per cent to 444.79 points. The benchmark HNX-Index on the Ha Noi Stock Exchange also dropped 0.67 per cent, reaching only 50.41 points.
Market value and volume fetched VND112.2 billion ($5.3 million) and 19 million shares, respectively.
Blue chips in the capital city lost steeper, dragging the HNX30 down 0.97 per cent to 90.52 points.
Trading will resume at 1 pm
vietnamnews
