National stocks fail to retain gains
National stocks fail to retain gains
Shares reversed yesterday's gains to tumble on both national stock exchanges this morning.
On the HCM City Stock Exchange, the VN-Index retreated 1.24 per cent to 482.89 points.
Losers overwhelmed gainers by 165-44.
While blue chips were a boost to the HCM City market yesterday, they weighed on the VN-Index during this morning's session.
Insurer Bao Viet (BVH), property developers Vingroup (VIC) and Hoang Anh Gia Lai (HAG), private equity group Masan (MSN), Phu Nhuan Jewelry (PNJ) and Vinamilk (VNM) lost over VND1,000 per share, or between 1-4.8 per cent.
The VN30, which represents the performance of 30 leading stocks in HCM City, also slipped 1.24 per cent to 547.52 points.
Market value on the southern bourse stayed at VND447.2 billion (US$21.2 million) as nearly 29.5 million shares changed hands.
On the Ha Noi Stock Exchange, the HNX-Index shed 1.45 per cent, reaching 59.78 points.
Decliners numbered 2.6 times losers, with over half of the listed stocks closing unchanged.
Trading value was much the same as yesterday morning, standing at VND155.5 billion ($7.4 million).
The two bourses will reopen at 1 pm.
vietnamnews
