Shares fall on low liquidity

Tuesday, Jul 03, 2018 14:20

Investors in front of a screen at Saigon Securities Inc’s trading house in Ha Noi. — VNS Photo Doan Tung

Vietnamese shares declined on Tuesday morning as market sentiment worsened on low liquidity and volatile global markets.

The benchmark VN Index on the HCM Stock Exchange fell by 1.90 per cent to close at 929.13 points, extending its fall of 1.42 per cent on Monday.

The HNX Index on the Ha Noi Stock Exchange lost 1.45 per cent to end at 101.27 points, having lost 3.21 per cent in the previous session.

Some 84.3 million shares, worth VND1.8 trillion (US$78.8 million), were traded on the two exchanges.

The number of declining stocks almost tripled that of gainers by 302 to 102, indicating a temporary negative outlook.

Bank stocks continued to weigh on the market, with Techcombank, Vietcombank, Vietinbank and VPBank falling between 1.2 per cent and 5.2 per cent.

Eximbank (EIB) hit the daily limit decline of 7 per cent, dropping to the floor price of VNĐ13,300 per share despite information that board member Lương Thị Cẩm Tú had registered to buy 14 million shares, equivalent to 1.13 per cent of the bank’s capital.— VNS

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