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ROS sends HCMC bourse down

Phuong Thao
Wednesday,  Nov 1,2017,23:02 (GMT+7)
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ROS sends HCMC bourse down

Phuong Thao

HCMC – The VN-Index of the HCMC exchange edged down 7.92 points, or 0.94%, at 837.28 on October 31 as ROS came under strong profit taking pressure after its 97% rally since early October.

Construction firm ROS had hit its upper limit repeatedly in recent times, driving the index up to a 10-year high. However, having surged 97% against September 28 at VND209,700 a share, profit takers offloaded ROS shares on October 31, sending it down 4.6% at VND200,000 per share.

According to the stock market news site at vietstock.vn, throughout the 23-session winning streak of ROS, the VN-Index advanced in 15 sessions, jumping 4.9% from 805.63 to 845.27 points.

Among 10 top stocks by market capitalization, only property giant VIC managed a modest gain while seven others closed in the red. In the VN30 basket, steelmakers HSG and HPG and technology firm FPT made gains with each having matching volume of over three million shares.

Trading volume on the HCMC market fell a slight 2.6% at 192 million shares while value dipped 10.4% at VND4 trillion. The put-through market saw 32 million shares worth over VND1 trillion changing hands, including 4.4 million shares of consumer goods firm MSN and five million shares of lender VPB.

Many property stocks also lost ground, in which HQC and HAI reported matching volume of 9.9 million shares and 2.4 million shares respectively. FLC was the volume leader with 20.7 million shares traded, tumbling 5.4% at VND6,340 a share.

Property firm HAG and its agricultural affiliate HNG maintained stable growth momentum after announcing positive earnings results in the third quarter. The two saw 8.1 million shares and 1.7 million shares traded respectively.

The HNX-Index of the Hanoi exchange fell for the second straight session, losing 0.77% versus Monday at 105.16 points. The Hanoi market saw volume rising 7% at 44.4 million shares but value declined 15% at VND497 billion.

The HNX30 basket saw just six stocks rising, in which property firm CEO reported the highest matching volume, at over five million shares. KLF, a trading and food service enterprise, took the lead by liquidity with 6.7 million shares but slumped 5.1% at VND3,700 per share.

Among the bank stocks, SHB and ACB saw matching volume of 3.8 million shares and 2.3 million shares respectively. However, the two lenders closed lower.

Foreign investors were less active, net buying over VND14.5 billion of shares on the southern bourse, and net selling over VND1.3 billion of shares on the northern market.

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