Benchmarks under the hammer

VN-Index lost 2.26 points or 0.57 per cent to 395.45 points, ending at 395.45 points. HNX-Index was off 0.31 points or 0.57 per cent to 54.25 points to close at 54.25 points.

Matching value totaled VND407.8 billion ($19.7 million), slightly improving compared with yesterday’s session.

Only some real estate and mineral speculative stocks retained their rallying momentum today, while most other stocks fell or saw very low trading volumes.

Sacom Development and Investment Corp. (SAM) advanced 1.56 per cent with 1.1 million shares matched. Real estate tickets Saigon Infrastructure Real Estate Investment (SII), Hoang Quan Consulting-Trading-Service Real Estate Corp. (HQC), Ocean Group (OGC), Petro Capital Infrastructure Investment (PTL), Duc Long Gia Lai Group (DLG), PetroVietnam-Idico Long Son Industrial Park Investment (PXL) significantly rose with some hundreds of thousands units matched each.

Mineral tickets Lao Cai Mineral Exploitation & Processing (LCM), Duong Hieu Trading and Mining (DHM) hit the ceiling.

Meanwhile, active stocks massively turned head to fall on HoSE and HNX. Cheap stocks like Bac Giang Exploitable Mineral (BGM), Ba Ria Thermal Power (BTP), Petroleum Equipment Assembly and Metal Structure (PXS), Ninh Van Bay Real Estate (NVT) sharply fell. PetroVietnam Low Pressure Gas Distribution (PGD) continued hitting the floor after surprisingly third-quarter losses.

Other active tickets saw modest fell of 1-2 per cent each.

Large-cap stocks largely kept unchanged or modestly fell. Masan Group (MSN) and Vinamilk (VNM) significantly lost today, while banking stocks Military Bank (MBB), Eximbank (EIB) slightly shed, Vietinbank (CTG) and Vietcombank (VCB) ending flat.

Decliners outran advancers 123 to 80 on the southern bourse.

On HNX, real estate tickets Petro Vietnam Power Land (PVL), FLC Group (FLC), PetroVietnam Nghe An Construction (PVA) led the losers. Other top-active stocks largely fell some 2-3 per cent each.

Some 103 stocks fell and 83 stocks advanced on the northern bourse.

At the close, 34.2 million shares worth VND490 billion ($23.7 million) were traded on HoSE and 17.7 million shares worth VND118.2 billion ($5.7 million) were changed hands on HNX.