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Stocks extend losses

Nov 28th at 12:52
28-11-2012 12:52:38+07:00

Stocks extend losses

Shares kept falling on the two national stock exchanges this November 28 morning due to investor pessimism.

The benchmark VN-Index on the HCM City exchange declined by another 0.59 per cent to 374.66 points, extending its losing streak to six consecutive sessions.

Blue chips' slumps led the market fall again when the VN30 tracking the top 30 shares lost another 0.8 per cent to stand at 440.13 points.

The value of trades improved over yesterday, reaching VND330.8 billion (US$15.8 million).

Wood processor Duc Long Gia Lai Group (DLG) temporarily became the most active share on the southern bourse with nearly 700,000 shares traded, closely followed by Saigon Securities Inc (SSI) with over 638,000 shares changing hands.

DLG decreased 2.78 per cent to VND3,500 a share while SSI closed unchanged at VND14,200 a share.

On the Hanoi Stock Exchange, the HNX-Index also dropped 0.35 per cent to close this morning's session at 50.78 points with a low trading value of VND59.3 billion ($2.8 million).

Sai Gon-Ha Noi Bank (SHB) was again the most active code on trades of 1 million shares, closing flat at VND4,800 a share.

Trading will resume at 1pm.

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