Markets snap six-day win streak

Published: Wednesday, September 08, 2010

The VN-Index receded 1.16 percent on Sept.7 to close at 460.59 points, ending six consecutive sessions of gains on the HCM Stock Exchange.

The volume of trades reached just 52 million shares, totalling 1.3 trillion VND (66.7 million USD), with decliners outnumbering advancers by 112-73.

Many blue chips lost ground, including Sacombank (STB), which ended the day off by over 3 percent; software giant FPT, which fell 1.35 percent; Eximbank (EIB), down 1.12 percent, and steel producer Hoa Phat Group (HPG), off 3.74 percent.

Saigon Securities Inc (SSI) – the most active share, with 2.2 million traded – plunged by 2.34 percent to just 29,200 VND (1.4 USD) per share.

On the Hanoi Stock Exchange on Sept.7, the HNX-Index managed to close flat at 135.65 points, while volume improved to 51.2 million shares, worth a combined 1.3 trillion    VND (66.6 million USD).

Among blue chip shares on the northern bourse, however, only Kim Long Securities Co (KLS) saw an advance, gaining 0.62 percent to close at 16,200 VND.

PetroVietnam Construction (PVX), the most-active share with 5.4 million traded, posted a decline of 0.81 percent.

Foreign investors were net sellers on both markets on Sept.7 by a net value of 28.8 billion VND (1.5 million USD)./.

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