Jun 27: Vietnam Stocks Fall Fifth Day On Local Selling

Vietnamese stocks extended the losses to a fifth day in a row as retail investors sold shares to cut losses, margin call feared.

The benchmark VN Index lost 1.15 points or 0.27 percent to 418.04. Volume fell further by 13.1 percent to 43.9 million shares worth of VND739.9 billion. Put through trading contributed 5.7 million shares worth of VND195.48 billion.

The market breadth was broadly negative on the primary bourse where 89 stocks advanced, 128 declined, 91 closed unchanged.

The VN30 lost 0.96 point or 0.19 percent, to 492.77. Amongst its 30 members, 10 stock rallied, 11 lost and 9 unchanged.

The market opened in the green with 1.2 million shares changed hands on bottom fishing activities. The trading pace was still slow the bulls could not gather enough interest to keep the market green, selling pressure was still high. Market fell back into the negative territory and closed near the low of the days.

Sacom Development and Investment Corporation (SAM), the most active stock on a trade of 1.8 million shares, sank 3.85 percent to end at VND7,500.

Sacombank Securities JSC. (SBS), the second most traded issue on the gauge with 1.8 million units, shed 4.45 percent to finish at VND4,300.

Tan Tao Investment – Industry Corporation (ITA) dipped 1.47 percent to finish at VND6,700 on a trade of 1.4 million shares – the third most active.

On the Hanoi Stock Exchange, the HNX fell 0.41 point or 0.58 percent to 70.7. Trading volume fell 27.3 percent to 34.8 million shares worth VND325.1 billion.

The market breadth was negative where 109 rallied, 117 declined, 82 closed unmoved and the rest unchanged.

PetroVietnam Construction Joint Stock Corporation (PVX), the most active on the measure with 4 million shares changed hands, shed 2.1 percent to end at VND9,400.

Sacomreal (SCR), coming second in liquidity on a trade of 3.5 million units, rose 1 percent to settle at VND10,400 per share.

VNDIRECT Securities Corporation (VND) dived 3.9 percent to finish at VND10,000 on a trade of 2.3 million shares – the third most active.

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Category: Stocks