Profit-taking pushes shares down
Profit-taking pushes shares down
Stocks tumbled this morning on both the stock exchanges because of increasing profit-taking activities.
On the HCM Stock Exchange, the VN-Index closed down 0.41 per cent to end at 598.59 points, while the VN30, which tracks the top 30 shares by market value and liquidity, fell 0.33 per cent to close at 643.20 points.
The market reviewed the portfolio of the VN30 yesterday, following which two stocks, Petrovietnam General Services Corp (PET) and PetroVietNam Low Pressure Gas Distribution Corp (PGD), were removed from the VN30 list, while FLC Group (FLC) and HCM Securities Co (HCM) were added.
Trading fell from yesterday morning as just 52.2 million shares, worth nearly VND825 billion ($39.1 million), were exchanged.
FLC became the most active code on the southern exchange with 6.7 million shares being traded, climbing 2.4 per cent to finish at VND12,800 per share.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.39 per cent to end the morning at 80.36 points.
Half of the total codes (205) remained unchanged, while the losers outnumbered the gainers by 89 to 63.
More than 27 million shares, worth nearly VND327 billion ($15.5 million), were traded by the end of the morning.
KLF Joint Venture Investment International Company (KLF) surprised the market by becoming the most active stock with the trading of 2.3 million shares, rising 1.8 per cent to stand at VND11,500 per share.
The trading will resume at 1pm.
bizhub
