Shares fall as selling pressure increases

Wednesday, Feb 26, 2014 12:31

The VN-Index lost 0.12 per cent to end at 585.5 points.— Photo vinacorp

HA NOI (Biz Hub) — Shares posted losses on both the national stock exchanges this morning.

The selling pressure soared after more than 400 million shares traded last Thursday were transferred to investors' accounts yesterday and were ready for sale.

The VN-Index lost 0.12 per cent to end at 585.5 points. With 92.28 million shares changing hands, the total trading value hit VND1.65 trillion, or $78.5 million.

Despite the losers overwhelming the gainers by 17-8, the VN30-Index managed to increase 0.04 per cent to reach 661.8 points, thanks to the gains made by FPT Group (FPT), Vietcombank (VCB), Sacombank (STB), Vietinbank (CTG), Hoang Anh Gia Lai (HAG), Hoa Sen Group (HSG) and Military Bank (MBB).

On the Ha Noi Exchange, the total trading value reached VND542.8 million, or $25.8 million, on the exchange of more than 56.7 million shares.

The HNX-Index slid 0.27 per cent to close at 82.03 points, while the HNXFF-Index lost 0.12 per cent to finish at 80.98 points.

Tracking the largest stocks by capitalisation and liquidity, the HNX30-Index dropped 0.26 per cent to close at 163.86 points. — VNS

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