Vietnamese stocks lost steam Thursday with the index falling by 1.29% after several days of gains.
The VN-Index fell by 14.62 points to 1123.07 with analysts attributing it to the IMF’s warnings to the government. Volumes too were down as 41 stocks gained, 46 lost, and 22 remained unchanged.
Sacombank led in terms of both volume and value while IT company FPT was the top loser, shedding VND17,000 to close at VND615,000.
Foreign investors bought into some big companies like Pha Lai Power Joint Stock Co. and petroleum industry services supplier, PVD, and sold heavyweights like dairy firm Vinamilk and Vinh Son – Song Hinh Hydropower Plant. They were net sellers to the tune of VND99 billion (6.2mio US$).
The Hanoi market too lost, with the index falling by 5.66 points to 424.68.
Source: Thanh Nien
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