Market returns back to earth

April 26, 2011 | 15:00

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The stock market tumbled back Tuesday after suddenly being driven up by investors yesterday.

Almost all stocks which pulled up the market in the last session fell today.

Saigon Securities Inc. (SSI) and PetroVietnam Finance (PVF) eased back, while FPT Corp. (FPT) and Tan Tao Investment Corp. (ITA) significantly dropped. All these stocks hit the ceiling buoying the market yesterday.

Bao Viet Holding (BVH) was off as well after leading yesterday’s gainers. Of the same trend, a mass of small-cap and mid-caps tumbled today.

Some 178 stocks declined on Ho Chi Minh Stock Exchange (HoSE) overwhelming 57 gainers. The benchmark VN-Index lost 3.76 points to 461.86 points.

Trading value significantly increased to VND685.33 billion ($33.1 million) thanks to large put-though volumes, up 20 per cent against previous session. Match volumes remained low.

Foreigners boosted their buying volumes to 3.5 million shares, strongly up from the levels of around two million units previously.

On the Hanoi Stock Exchange, HNX-Index lost more than it gained yesterday, down 1.53 points or 1.79 per cent to 83.74 points.

Securities sunk in red after being aggressively buoyed yesterday, of which Kim Long Securities (KLS) lost 3.03 per cent and VnDirect Securities (VND) shed 2.05 per cent.

Notably, as high as five million PetroVietnam Construction JSC (PVX) shares changed hands today. The stocks closed at VND14,300 after losing 5.92 per cent in today session.

Liquidity declined back to the previous low levels, standing at 29.6 million shares worth VND396.97 billion ($19.18 million) today.

Overall, 215 stocks were off, 101 unchanged and 65 gained.

By Hai Linh

vir.com.vn

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