Investors during a trading session at ACB Securities Company (Photo: VNA)Hanoi (VNA) – Shares declined on December 22 on the two exchanges afterforeign sells on heavyweight stocks reignited investors’ fears about a possibledownturn.
The benchmark VN-Index on the HCM Stock Exchange edged down 0.4 percent to closeat 664.2 points. The gauge increased 0.7 percent on December 21.
The market breadth was negative with 149 stocks declining, 98 advancing and 74remaining flat.
Blue chips led the downturn as 22 of the top 30 largest shares by market capitalizationand liquidity lost value while only seven gained.
The biggest listed stock Vinamilk (VNM) decreased 2.4 percent after foreigntraders continued to offload these shares with a net sell value of 66 billion VND(2.9 million USD). Vinamilk has been often among the top most-sold list byforeign investors in the past month.
Overall, foreign investors remained net buyers in HCM City’s market on December22 but their net sell value dropped to nearly 12 billion VND, down 85 percentfrom December 21’s level.
On the Hanoi Stock Exchange, the HNX-Index decreased 0.6 percent to 79.8points.
Liquidity fell as just 138 million shares worth 2.5 trillion VND (110 millionUSD) were traded in the two markets, down 16 percent in volume and 24.3 percentin value compared to December 21’s figures./.
VNA
