National stocks end two-day rally

Friday, May 17, 2013 12:13

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HA NOI (Biz hub)- Shares fell into the red during this morning's session on both national stock exchanges.

However, according to securities specialist Quach Manh Hao, next month the Vietnamese stock market will generate opportunities driven by investor psychology and cash poured into low-price shares.

On the HCM City Stock Exchange, the VN-Index shed 0.34 per cent to 488.67 points. Losers overwhelmed gainers by 109-64.

Profit-taking drove the market value up to VND609.1 billion (US$29 million) on a volume of 36.3 million shares.

Blue chips were mixed. Of the 30 leading shares tracked by the VN30, 13 stocks tumbled, six others managed to advance and the remaining closed unchanged from yesterday's session.

On the Ha Noi Stock Exchange, the HNX-Index finished this morning down 1.3 per cent, reaching 60.15 points.

As almost 14 million shares changed hands, trading value totalled VND112.4 billion ($5.3 million).

The HNX30, representing the performance of Ha Noi's top 30 shares, also slid 1.2 per cent to 112.91 points. – VNS

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