Profit-taking pulls down market

Friday, Jul 24, 2015 12:27

The VN Index lost 0.45 per cent to temporarily stand at 629.14 points. — Photo tin247

HA NOI (Biz Hub) — Two stock indices fell as profit-taking activities increased, while liquidity was low as investors were cautious about the market condition.

In total, the market liquidity on both bourses fell slightly, totalling 78.5 million shares worth VND1.35 trillion (US$62.7 million).

The VN Index lost 0.45 per cent to temporarily stand at 629.14 points, while the HNX Index ended nearly unchanged at 86.6 points, a slight decrease over yesterday's level.

On the HCM Stock Exchange, leading sectors such as banks, securities firms and insurers fell as shareholders increased the sale of these shares to make short-term profits.

Gas shares were mixed. PetroVietnam Gas Joint Stock Corporation (GAS) lost 1.62 per cent, while other stocks in the sector rose, especially PetroVietnam Drilling and Well Service Corporation (PVD) and PetroVietnam Transportation Corporation (PVT).

However, some codes showed positive trends, such as Hoa Phat Group Joint Stock Company (HPG), Hoa Sen Group (HSG) and Viet Nam Dairy Products Joint Stock Company (VNM).

On the Ha Noi Stock Exchange, securities shares helped the market, which suffered little from profit-taking activities, to become five rising shares, among the 30 largest codes, such as VNDirect Securities JSC (VND), Sai Gon Securities JSC (SHS) and Kim Long Securities JSC (KLS).

The afternoon session will start at 1pm. — VNS

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