Markets fall on foreign sell-offs

14:03 | 12/03/2015 Economy Follow Ven.vn on

Foreign investors on March 11 remained the markets' top sellers for the fourth session in a row as they increased their net selling value by 166.17 percent over the previous day’s session to 83.8 billion VND (4 million USD), hurting both southern and northern bourses' performance.

On the HCM City market, foreign investors increased their net selling value by 105.08 per cent to VND72.67 billion ($3.4 million). (Photo: Vnexpress)

On the Ho Chi Minh City market, foreign investors increased their net selling value by 105.08 percent to 72.67 billion VND (3.4 million USD). Those on the Hanoi market raised their number by 45.17 percent to 11.12 billion VND (529,500 USD).

Overall, both markets traded a total volume of more than 124 million shares, a decrease of 14.5 percent, and ended the day at a total value of 2.14 trillion VND (102 million USD), a decrease of 7.36 percent.

On the Hochiminh Stock Exchange, the VN-Index lost 0.53 percent to finish at 586.54 points. The total market turnover was 1.56 trillion VND (74.5 million USD) with a volume of more than 86 million shares.

The exchange's performance declined over the March 10 session as the number of advancing stocks decreased to 79 while the number of losing stocks increased to 136, and with 73 staying unchanged.

The FLC Group Joint Stock Company (FLC) remained the most active code, however, its total trading volume decreased by three times over the previous day’s numbers to 9.8 million shares, worth 114 billion VND (5.4 million USD).

The VN30 Index, tracking 30 largest stocks in terms of capitalisation and liquidity, dropped by 0.29 percent to end at 619.27 points with a generally poor performance in which losing stocks outnumbered advancing ones by 21 to 3.

In addition, on the southern market's VNMID Index, capturing the performance of mid-cap shares, was decreased by 0.53 percent to close the trading session at 654.00 points.

The Hochiminh City Stock Exchange's VNSML Index, which observes the performance of small-cap shares also dropped by 0.3 percent to end at 691.67 points.

On the Hanoi Stock Exchange, the HNX-Index declined by 0.41 percent to finish at 86.01 points despite having both liquidity and trading volume finish higher than the previous session at 37.8 million shares and 580 billion VND (27.6 million USD).

The PetroVietnam Coating Joint Stock Company (PVB) surpassed KLF International Investment Joint Stock Company (KLF) to topping trading volume and trading value, with 4.6 million shares at 141.2 billion VND (nearly 6.7 million USD).

The HNX30, comprising the northern bourse's 30 largest shares, lost 0.55 percent to close at 165.31 points, but saw an increase in activity to nearly 390 billion VND (18.5 million USD) in trading value and more than 21.2 million shares in trading volume.

Source VNA

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Markets fall on foreign sell-offs

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