Golden streak darkens on Friday

The VN-Index of Ho Chi Minh Stock Exchange (HoSE) shed 2.13 points or 0.53 per cent to 400.76 points.

The benchmark rose on doubtful sentiment for the previous four trading days, in which market participants largely considered the rise as driven by exchange-trade funds.

“It’s exactly what securities companies had expected previously - market risks still loom and investors remain cautious,” said FPT Securities.

Besides, domestic gold hitting an all-time high in line with global gold price movements to VND46.79 million per tael this morning also added to the stock market’s falling momentum.

Blue-chips largely declined on the southern bourse. Vietinbank (CTG), PetroVietnam Fertilisers (DPM) and PetroVietnam Finance (PVF) strongly dropped, while Saigon Securities Inc. (SSI), Vietcombank (VCB), FPT Corp. (FPT) were off.

In contrast, pillar stock Masan Group (MSN) hit the ceiling to VND101,000 and Vinpearl Tourism and Trading (VPL) jumped 2.99 per cent to VND86,000.

HoSE’s liquidity strongly reduced, of which matching volume hit 21.5 million shares worth VND321 billion ($15.7 million) and put-through volume reached 5.4 million shares worth VND111.4 billion ($5.4 million).

At the close, 162 stocks ended lower on the southern bourse, compared with 56 up and 81 unchanged.

Hanoi Stock Exchange’s HNX-Index lost 0.78 points or 1.14 per cent to 67.53 points, dragged by a strong selling pressures at the session end. Some 213 stocks declined, while just 54 were up and 120 flat.

More than 39 million shares worth VND410 billion ($20 million), changed hands on the bourse. The liquidity of a number of major shares still kept high, in which Kim Long Securities’ (KLS) matching volume hit 7.3 million shares, VnDirect Securities (VND) six million shares and PetroVietnam Construction’s (PVX) reached 2.9 million units.