Market ends week on sour note

VN-Index shed 1.64 points or 0.4 per cent to 413.16 points on Ho Chi Minh Stock Exchange (HoSE).

HNX-Index meanwhile lost 0.74 points or 1.06 per cent to 69.35 points on Hanoi Stock Exchange (HNX).

Liquidity kept weak. Matching value was of as low as VND482 billion ($23.3 million) on the main bourse. The value slightly improved on HNX, reaching VND369.8 billion ($17.7 million).

Overall, 38.6 million shares worth VND620.2 billion ($30 million) were traded on HoSE. Some 40.7 million shares worth VND369.8 billion ($17.9 million) were changed hands on HNX.

Investors started to fear about strong selling pressure, after the market lasting its fall for most of this week.

Massive stocks extended their falls. Several speculative stocks in real-estate, mineral and rubber stocks tumbled 3-4 per cent today.

Vietnam Electricity Construction (VNE) lost 3.95 per cent, Duc Long Gia Lai Group (DLG) 4.48 per cent, Hoang Quan Consulting – Trading – Service Real Estate Corp. (HQC) 3.85 per cent while Kinh Bac City Development Share Holding Corp. (KBC) hitting the floor.

Bac Giang Exploitable Mineral (BGM) was off 3.45 per cent while Binh Thuan Mineral Industry (KSA) down 3.76 per cent. Cavico Industry and Minerals (CMI) and Bac Kan Mineral (BKM) both sunk nearly 5 per cent on HNX.

Speculative stocks of PetroVietnam-family largely plunged today. PVI Investment and Development (PV2), PetroVietnam - Nghe An Construction (PVA), Petro Vietnam Power Land (PVL) lost 4-5 per cent each, while Petro Vietnam Finance Land (PFL) hitting the floor on HNX.

Large-cap stocks witnessed modest or slight falls. Military Bank (MBB) even added 1.44 per cent. PetroVietnam Fertilizers (DPM) gained 1.1 per cent. Vincom Corp. (VIC) and Hoang Anh Gia Lai (HAG) slightly climbed

Overall, 150 stocks declined on HoSE compared with 78 advancers. Meanwhile, 145 stocks lost on HNX, compared with 69 up.