Markets dive as leading shares fall
Markets dive as leading shares fall
Both bourses in the country declined this morning, as leading stocks such as banks, gas corporations, securities firms and insurers dropped further.
The market liquidity was also very low, with 77 million shares, worth VND1.27 trillion (US$58.7 million), being traded.
On the HCM Stock Exchange, the VN-Index lost nine points or 1.45 per cent to close at 619.54 points.
Almost every blue chip declined. On the VN30, tracking the 30 largest shares in terms of capitalisation and liquidity, only Vingroup Corporation (VIC) gained 0.23 per cent, which was a small gain.
Other blue chips that have great influence on the market, such as Petrovietnam Gas Corporation (GAS), Vietcombank (VCB), Ma San Group (MSN) and Bao Viet Holdings (BVH), also fell.
GAS, BVH and VCB dropped 3.22 per cent, 3.87 per cent and 2.35 per cent, respectively, while MSN fell by 1.58 per cent in market value.
The market saw Military Bank (MBB) become the most active code, trading nearly 3.5 million of its shares and losing 0.62 per cent in value.
On the Ha Noi Stock Exchange, the HNX Index lost 1.67 per cent to stand at 85.62 points.
Leading stocks such as Sai Gon-Ha Noi Bank (SHB) and Asia Commercial Bank (ACB) dropped 2.22 and 3.18 per cent, respectively, and drove the market down.
Petroleum Construction Joint Stock Company (PVX) was the most traded share on the market, with nearly 2.5 million of its shares being exchanged. Its value declined by 2.56 per cent.
The afternoon session will start at 1pm.
