Investors at the trading floor of Bao Viet Securities Company. (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares fell on both local exchanges onSeptember 27 as energy, brokerage and bank industries dropped on profit-taking.
Vietnam’s benchmark VN Index on the HCM Stock Exchange lost 0.20 percent toclose at 803.77 points. The benchmark index has declined by total 0.4 percentin the last three sessions.
The HNX Index on the Hanoi Stock Exchange slipped 0.36 percent to end at 107.52points. The northern market index posted its first loss following a five-sessionrally of total 3 percent.
Market trading liquidity declined from September 26. More than 221.8 millionshares were traded on both local exchanges, worth 4.32 trillion VND (roughly192 million USD).
September 27’s trading figures were down 11.7 percent in volume and 6.2 percentin value compared to the previous session.
Energy, brokerage and banking sectors were to blame for the decline of the twolocal exchanges on September 27.
The energy sector was driven down by PetroVietnam Drilling and Well Services(PVD), PetroVietnam Coating (PVB) and PetroVietnam Mud Drilling (PVC), whichdropped between 1.2 percent and 2 percent.
The main reason for the fall of energy stocks came after Brent crude lost steamon September 26, finishing the trading day at 58.44 USD a barrel and ending afour-session gain of 7 percent since September 19.
Bank stocks were led down by Sacombank (STB) and Asia Commercial Bank (ACB),which fell 2 percent and 1.6 percent, respectively.
STB had soared 8.2 percent in the previous two sessions and ACB had ralliedtotal 8.5 percent in the previous seven trading sessions.
Among declining brokerage stocks were HCM City Securities (HCM), Thien VietSecurities (TVS), Agribank Securities (AGR) and MB Securities (MBS).
On the positive side, the real estate sector was lifted by Vingroup (VIC),which jumped 3.4 percent to extend gains for a second day with total growth of4.3 percent.
Vincom Retail, the retail arm of Vingroup, has submitted a listing registrationdocument to the HCM Stock Exchange to trade total 1.9 billion shares on thesouthern market.
Bao Viet Securities Company (BVSC) said in its daily report that investorsseemed unwilling to reduce the selling pressure on local stocks while the marketdemand remained weak, leading to underperformance of large-cap shares.
Trading liquidity weakened, proving that investors were losing confidence inthe market, BVSC said, adding that the stock market will likely continuedeclining in coming sessions.-VNA
VNA
