Vietnamese stocks tumbled for a third straight day Friday with analysts blaming it on oversupply.
The VN-Index slid 14.1 points to 974.76 as 40 shares gained and 49 lost.
Turnover declined by 24% VND1.19 trillion (118mio US$) on volumes of 12.6 million shares.
A PetroVietnam Drilling and Service Affiliate, PVD, one of the hottest stocks on the bourse recently, lost 4.87% to close at VND254,000. There were sellers for 435,460 shares but no buyers.
Leading confectionery maker Kinh Do Corp fell by 4.93% to VND212,000.
Another heavyweight, Cables and Telecom Materials Joint Stock Co, lost 4.88% to close at VND195,000.
Mutual fund PRUBF1 fell sharply after gaining for three consecutive sessions with 435,460 shares failing to find buyers.
Infrastructure developer SJS hit the upper ceiling as it rose by VND13,000 to VND288,000. There were buyers for 175,510 shares but no sellers.
IT developer FPT and Refrigeration engineering were unchanged at VND580,000 and VND191,000 respectively.
Foreign investors were net sellers, offloading VND51 billion (3.2mio US$) worth shares.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment