Profit-taking drives city shares down

Wednesday, Jan 22, 2014 12:39

On the HCM City Stock Exchange, both the VN-Index and VN30 Index slid 0.2 per cent to reach 558.83 points and 632.87 points respectively. — Photo vinacorp
HA NOI (Biz Hub) — Shares declined during this morning's session as profit-taking pressures rose.

On the HCM City Stock Exchange, both the VN-Index and VN30 Index slid 0.2 per cent to reach 558.83 points and 632.87 points respectively.

Selling pressure made the value of trades rise to nearly VND1.5 trillion (US$70.7 million) on a volume of 84.5 million shares.

Nearly half of the 30 blue chips tracked by the VN30 Index retreated, especially steelmaker Hoa Phat (HPG) which plunged to the floor price and private equity group Masan (MSN) which lost 2.6 per cent.

Meanwhile, trading was positive on the Ha Noi Stock Exchange, with the HNX-Index rising 0.5 per cent to reach 73.93 points.

Large-cap stocks assisted the HNX30 Index to add another 0.9 per cent to reach 145.87 points.

The trading value and volume totalled over VND388.2 billion ($18.3 million) and 36.2 million shares respectively. — VNS

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