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Tuesday,  Apr 24,2018,00:22 (GMT+7)

VN-Index continues sideways movement

Phuong Thao
Thursday,  Mar 29,2018,23:35 (GMT+7)
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VN-Index continues sideways movement

Phuong Thao

HCMC – The VN-Index moved sideways for the second straight session on March 28, inching up a fractional 0.04% against the previous day at 1,172.24.

Turnover on the HCMC market tumbled, with trading volume and value down 12% and 10% at 208.5 million shares worth VND6.1 trillion. There were 43.4 million shares worth VND1.8 trillion traded in block deals, including 9.2 million shares of technology firm FPT valued at nearly VND585 billion.

Most large caps made sluggish movements during the session. Low-cost carrier VJC was the top gainer but it rose just a slight 1.4% at VND225,000 per share, whereas dairy giant VNM slid 0.9% at VND211,000 a share and top brewery firm SAB fell 2% at VND239,100 per share.

The banking sector again encountered high profit-taking pressure as only BID and HDB managed to close in the positive territory. Meanwhile, STB slid 1% at VND15,350 per share on matching volume of 6.5 million shares and EIB dropped 0.7% at VND13,900 a share.

Among VN30 stocks, securities firm SSI declined 1.2% at VND39,500 per share with 3.1 million shares exchanged and sugar firm SBT lost 0.3% at VND17,350 a share. Construction firm CTD was the top loser in the basket for slumping 3.7% at VND152,100 a share.

For speculative stocks, property firm FLC led the southern market for liquidity with 20.8 million shares but it lost 2% at VND6,450 a share. IDI, which is active in the consumer goods sector, ranked second with 7.1 million shares, closing at the reference price of VND13,800 per share.

Other property firms such as PRD and HBC gained ground on matching volume of over 1.5 million shares each. Meanwhile, NBB and steelmaker TLH continued plunging to the floor prices.

The Hanoi market saw divergence among heavyweights. On the positive side, petroleum technical service firm PVS added 2.3% at VND22,100 per share on volume of 7.5 million shares and property firm CEO climbed 1.6% at VND12,900 a share.

In contrast, SHB lost 1.5% at VND13,000 a share but the lender remained the volume leader with 9.7 million shares. Its fellow bank ACB dipped 1.3% at VND46,900 a share on volume of 2.2 million shares.

The HNX-Index lost steam for the second straight day, closing down 0.55% at 132.56. There were 44.2 million shares worth more than VND837 billion changing hands on the northern bourse, falling 36% and 35% from the session earlier respectively.

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