kude.punny

Indexes continue slides at both bourses

Ha Noi (VNA) Both the Ho Chi Minh City's bourse and its Ha Noi-based counterpart reported losses by the end of the July 31 morning trading session.

HCM City's VN-Index, saw a sharp drop of 17.49 points, or 1.89 percent, to close at 907.95 points.

The session witnessed 17 shares rally for gains, 13 decline and an overwhelming majority of 82 stocks remain unchanged.

Pha Lai Thermal Power Co. (PPC) Viet Nam Dairy (VNM), Financing and Promoting Technology (FPT), Saigon-Thuong Tin Commercial Bank (STB) and Song Da Urban and Industrial Zone Investment and Development (SJS) were among the shares that enjoyed the highest trade volumes.

Shares that recorded the biggest increases included Kinh Do Corp (KDC), North Kinh Do (NKD) and Hoa Binh Construction and Real Estate (HBC).

The non-stop downward trend was attributed to investors being hesitant to experiment with the new trading system. Over the first two days of using the automatic order matching system often the at-the-opening (ATO) and at-the-closing (ATC) orders were more matched.

The HaSTC-Index at the Ha Noi Securities Trading Centre saw a slight decrease of 1.63 points, finishing at 253.57 points.

The Ha Noi-based market closed the trading session after seeing 42 shares drop value, 24 recording no trades on the day, 14 rise and seven remain unchanged.-Enditem

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