Shares tumble as predicted
Shares tumble as predicted
Shares failed to add value this January morning on both national stock exchanges, following predictions from securities analysts of a correction.
On the HCM City Stock Exchange, the VN-Index lost one per cent to reach 458.08 points.
Trading value and volume fetched VNÐ689.17 billion (US$32.8 million) across more than 48.8 million shares.
Only three of the 30 leading stocks tracked by the VN30 managed to grow. Notably, all three of these hit their ceiling price during this morning's session. They were property developer Tan Tao (ITA), commercial baker Kinh Do (KDC) and PetroVietnam Finance Corp (PVF).
The VN30 also shed 1.54 per cent to close on 537.31 points.
Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index closed unchanged at 60.55 points, with losers outnumbering gainers by 103-68.
As around 54.3 million shares changed hands, market value reached nearly VNÐ377.5 ($17.9 million).
Despite the gloom, the HNX30, representing the performance of the Ha Noi bourse's top shares, managed to add 0.03 per cent to finish on 117.51 points.
Trading will resume at 1 pm.
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