Bank shares drag down market
Bank shares drag down market
Shares continued to fall this morning on both bourses as blue chips and bank shares maintained their downward trend.
The VN-Index on the HCM Stock Exchange dropped 0.28 per cent to end at 578.70 points, and maintained high liquidity with 79 million shares being traded, worth VND1.17 trillion (US$54.5 million).
The VN30, which tracks the top 30 shares by market value and liquidity, was down 0.34 per cent to close at 598.85 points, with 19 losers and only five gainers.
Bank shares dropped further. Among them, Military Bank (MBB) was the only share that made gains with a growth of 0.66 per cent. MBB was also among the five gainers in the VN30 basket this morning.
Other rising blue chips were Bao Viet Holdings (BVH), HCM City Infrastructure Investment Corporation (CII), Hoa Sen Group (HSG) and Ocean Group JSC (OGC). OGC was also the only blue chip that hit the ceiling price.
There were few differences between the most active codes on the southern bourse. FLC Group (FLC) led this morning, with nearly 8.6 million of its shares being traded and stayed flat.
On the Ha Noi Stock Exchange, the HNX-Index went down 0.86 per cent to close at 86.65 points, with a trading volume of 34.4 million shares and market value of VND421.7 billion ($19.5 million).
FIT Investment Co (FIT) led the trading here with 4.6 million of its shares being exchanged, falling 7.95 per cent to finish at VND13,900 per share by the end of the morning.
Five other stocks traded more than two million shares, including KLF Joint Venture Global Investment Corporation (KLF) and Sai Gon Commercial Real-Estate JSC (SCR).
The afternoon session will start at1pm.
