Vietnamese shares extended losses for a fourth session on August 11, the last working of the week, as investors acted cautiously following the market’s recent downturn.
An investor follows transactions at Sai Gon Securities Inc (SSI) in Hanoi (Photo: VNA)
Hanoi (VNA) - Vietnameseshares extended losses for a fourth session on August 11, the last working ofthe week, as investors acted cautiously following the market’s recent downturn.
The benchmark VN Index on the HCMStock Exchange inched down 0.17 percent to close at 772.08 points.
The HNX Index on the Hanoi StockExchange dropped 0.11 percent to end at 100.86 points.
The two indices have respectively losttotal 2.6 percent and 1.5 percent after the last four sessions.
The last four-day losing streak alsopulled the VN Index down 2.1 percent and the HNX Index down 1 percent from theprevious trading week.
Nearly 224 million shares weretraded on both local bourses, worth 3.74 trillion VND (166.3 million USD).
The market trading liquiditycontinued to decline on a daily basis. August 11’s trading figures were down 13percent in volume and 3.2 percent in value from the previous day.
BIDV Securities Company (BSC) saidin its daily report that investors were cautious with the current markettrading condition as they did not count too much on the market recovery in thenear future.
Poor investor confidence sent 11 ofthe 20 sector indices on the market to negative territory. The biggest losersamong those sector indices were energy, agriculture, insurance and seafoodprocessing.
In addition, total declining stockson both local exchanges outnumbered gaining ones by 255 to 202, while 131others finished unchanged.
In the VN30 basket, which tracks theperformance of the 30 largest listed companies by market capitalisation,declining stocks were equal to gaining ones.
On the derivatives market, 615futures contracts were traded on August 11, worth 46 billion VND.
The VN30 Index finished Friday at744.99 points, up 0.21 percent. -VNA
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An investor follows transactions at Sai Gon Securities Inc (SSI) in Hanoi (Photo: VNA) 
