Shares fall on sluggish trading
Shares fall on sluggish trading
Stocks extended losses this morning as trading continued to fall.
On the HCM Stock Exchange, the VN-Index slid another 0.47 per cent to close at 573.31 points, while the VN30, which tracks the top 30 shares by market value and liquidity, also fell by 0.29 per cent to end at 614.72 points.
The market plunged steeply yesterday afternoon, following rumours that the State Securities Commission (SSC) will inspect and check transactions of stocks that have seen sudden large deals recently.
However, SSC chairman Vu Bang denied the rumour, while speaking to the Dau Tu Chung Khoan (Securities Investment) newspaper late yesterday.
The market condition remained negative, with 105 codes falling, just 60 stocks rising and 140 going flat.
Liquidity was sluggish, as only about 57 million shares, worth VND934.4 billion (US$44 million), were traded in HCM City by the end of the morning.
FLC Group (FLC) was still the most active code here, with 7.9 million of its shares being traded at VND11,600 per share.
On the Ha Noi Stock Exchange, the HNX-Index also decreased by 0.55 per cent to end at 87.05 points, with the trading value reaching VND398 billion ($18.7 million).
KLF Joint Venture Global Investment (KLF) again led the trading here with 5.4 million of its shares being exchanged, but its share price dropped by another 4.62 per cent to close at VND12,400.
The trading will resume at 1pm.
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