Investors continued to unload shares yesterday for fear of a steepermarket downturn, causing shares to continue declining on both of thenation's stock exchanges.
On the HCMC Stock Exchange, theVN-Index again lost value in the final minutes of the session, erasingearlier gains and finishing at 382.90 points, a decrease of 0.11 percentfrom the previous day's close. Losers outnumbered gainers by 137-79.
The value of the day's trades increased 12.5 percent, however,totalling 492.4 billion VND (23.4 million USD) on a volume of nearly34.8 million shares.
Prices of dairy giant Vinamilk (VNM)slumped 32 percent on Nov. 29 as the ex-date passed for participation inthe company's issue of bonus shares, which would result in a stocksplit at a rate of 2:1. Vietinbank (CTG) also slid by over 7 percent asthe share price reflected its stock split.
Of the 10leading shares by capitalisation, only Phu My Fertiliser (DPM) and realestate developer Vincom (VIC) saw modest gains.
MilitaryBank (MBB) was the most-active share yesterday with nearly 1.4 millionchanging hands. It closed up 1.2 percent to 12,800 VND per share.
On the Hanoi Stock Exchange, the HNX-Index erased Monday's gains,sliding by 0.86 percent to close the session at 61.38 points, withdecliners overwhelming advancers by 155-61. Market volume declinednearly 30 percent to just over 22 million shares, while the value oftrades also dropped 25 percent to just over 215.1 billion VND (10.2million USD).
Kim Long Securities (KLS) continued to bethe most-active share on the northern bourse with over 2.3 millionchanging hands, but it closed down 1.9 percent to 10,100 VND (0.48 USD).
PetroVietnam Securities Co analysts said the prices ofmost shares had retreated to a very low base on both exchanges, and, ifthere was no new negative information revealed, the market wouldunlikely plunge further.
"Despite Government assurancesthat it would take stronger measures to rescue the real estate andsecurities markets, investors will retain a cautious attitude unlessspecific actions are introduced," they wrote in a report. "Therefore,the market will likely fluctuate within a narrow margin."/.
On the HCMC Stock Exchange, theVN-Index again lost value in the final minutes of the session, erasingearlier gains and finishing at 382.90 points, a decrease of 0.11 percentfrom the previous day's close. Losers outnumbered gainers by 137-79.
The value of the day's trades increased 12.5 percent, however,totalling 492.4 billion VND (23.4 million USD) on a volume of nearly34.8 million shares.
Prices of dairy giant Vinamilk (VNM)slumped 32 percent on Nov. 29 as the ex-date passed for participation inthe company's issue of bonus shares, which would result in a stocksplit at a rate of 2:1. Vietinbank (CTG) also slid by over 7 percent asthe share price reflected its stock split.
Of the 10leading shares by capitalisation, only Phu My Fertiliser (DPM) and realestate developer Vincom (VIC) saw modest gains.
MilitaryBank (MBB) was the most-active share yesterday with nearly 1.4 millionchanging hands. It closed up 1.2 percent to 12,800 VND per share.
On the Hanoi Stock Exchange, the HNX-Index erased Monday's gains,sliding by 0.86 percent to close the session at 61.38 points, withdecliners overwhelming advancers by 155-61. Market volume declinednearly 30 percent to just over 22 million shares, while the value oftrades also dropped 25 percent to just over 215.1 billion VND (10.2million USD).
Kim Long Securities (KLS) continued to bethe most-active share on the northern bourse with over 2.3 millionchanging hands, but it closed down 1.9 percent to 10,100 VND (0.48 USD).
PetroVietnam Securities Co analysts said the prices ofmost shares had retreated to a very low base on both exchanges, and, ifthere was no new negative information revealed, the market wouldunlikely plunge further.
"Despite Government assurancesthat it would take stronger measures to rescue the real estate andsecurities markets, investors will retain a cautious attitude unlessspecific actions are introduced," they wrote in a report. "Therefore,the market will likely fluctuate within a narrow margin."/.
