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Shares fall as profit-taking increases

Jan 18th at 13:05
18-01-2013 13:05:04+07:00

Shares fall as profit-taking increases

Profit-taking continued to drive shares down this January 18 morning on both exchanges.

On the HCM City Stock Exchange, the VN-Index shed 0.89 per cent to 452.71 points, while on the Ha Noi Stock Exchange the HNX-Index tumbled 1.22 per cent.

In HCM City the VN30 also declined at the same rate to 532.96 points.

Gainers were larger than losers by just 11 codes in the City, while most listed stocks finished unchanged.

Trading value this morning saw a decrease of around 23 per cent to reach VND656.7 billion (US$31.2 million). Trading volume also fell to 58.1 million units.

Among blue chips tracked by the VN30, only insurer Bao Viet Holdings (BVH) performed well, edging up 1.1 per cent. Property developer Tan Tao (ITA) bottomed out.

On the Ha Noi Stock Exchange, losers overwhelmed gainers by 126-40.

Market value and volume reached VND344.9 billion ($16.4 million) and 47.8 million shares respectively.

The HNX30, representing the performance of Ha Noi's top shares, lost 1.3 per cent over yesterday's close to stand at 118.01 points.

Trading was due to resume at 1pm.

vietnamnews

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