HA NOI - A spine chilling slide of 15 points on the VN-Index since last Friday has raised alarm bells regarding the consequence of wash-outs and poor trades.
On the HCM Stock Exchange, the VN-Index was knocked down 3.5 per cent to close at 417.82 points.
Losers outnumbered gainers by 206-34, around 111 codes hitting the floor.
Trade did see a slight increase compared to the previous session however, 32 million shares, worth VND629 billion (US$30 million), changing hands, an increase of 20 per cent in volume and 7 per cent in value.
The ten largest shares, in terms of capitalisation, contributed to the hefty index fall. Six codes including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), software giant FPT (FPT), finance group Hoang Anh Gia Lai (HAG), food producer Masan Group (MSN) and PetroVietnam Finance (PVF) hit floor prices.
Fertiliser producer Phu My (DPM) and estate developer Vincom (VIC) both fell by around 2 per cent while Eximbank (EIB) and Sacombank (STB), remained level.
On the Ha Noi Stock Exchange, the HNX-Index lost ground to close on 74.5 points, a 3.2 per cent decrease.
Losers outnumbered gainers seven to one while trade and market value dropped 12 and 35 per cent respectively, 31 million shares worth VND355 billion ($17 million) changing hands. - VNS
On the HCM Stock Exchange, the VN-Index was knocked down 3.5 per cent to close at 417.82 points.
Losers outnumbered gainers by 206-34, around 111 codes hitting the floor.
Trade did see a slight increase compared to the previous session however, 32 million shares, worth VND629 billion (US$30 million), changing hands, an increase of 20 per cent in volume and 7 per cent in value.
The ten largest shares, in terms of capitalisation, contributed to the hefty index fall. Six codes including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), software giant FPT (FPT), finance group Hoang Anh Gia Lai (HAG), food producer Masan Group (MSN) and PetroVietnam Finance (PVF) hit floor prices.
Fertiliser producer Phu My (DPM) and estate developer Vincom (VIC) both fell by around 2 per cent while Eximbank (EIB) and Sacombank (STB), remained level.
On the Ha Noi Stock Exchange, the HNX-Index lost ground to close on 74.5 points, a 3.2 per cent decrease.
Losers outnumbered gainers seven to one while trade and market value dropped 12 and 35 per cent respectively, 31 million shares worth VND355 billion ($17 million) changing hands. - VNS
