Punishing wave of unrest

Blue-chips were largely sold out in afternoon trading. Masan Group (MSN) sunk 2.53 per cent or VND2,500. Banking stocks Vietinbank (CTG), Vietcombank (VCB) suddenly dropped more than 4 per cent each.

Real estate stock Hoang Anh Gia Lai (HAG) hit the floor. The credit rating agency S&P’s this morning warned about the struggling business conditions for the firm towards the year end.

Key pillar stocks PetroVietnam Gas (GAS) and Vincom Corp. (VIC) also ended off. Just Bao Viet Holdings (BVH) hit the ceiling again after the news of strategic partner HSBC’s divestiture.

The drop of blue-chip pushed the VN-Index down 3.91 points or 0.91 per cent to 424.47 points on Ho Chi Minh Stock Exchange (HoSE). Decliners outran advancers 142 to 100.

Leading stocks also eased back on Hanoi Stock Exchange (HNX). Securities company shares like Bao Viet Securities (BVS), Asia-Pacific Securities (APS), Saigon-Hanoi Securities (SHS) lost 2-3 per cent each. VNDirect Securities (VND) slightly shed.

Habubank (HBB) and Saigon-Hanoi Bank (SHS) considerably declined. Vietnam Construction and Import-Export (VCG) strongly dropped.

Decliners strongly outran advancers 155 to 85, sending the HNX-Index down 0.74 points or 1.01 per cent to 72.19 points.

Small-cap and mid-cap stocks massively fell as well.

Whereas, a number of speculative maintained their rallying trend. Tan Tao Investment Industry Corp. (ITA) outperformed the market with 9.7 million shares matched, advancing 4.23 per cent.

Sacom Development and Investment Corp. (SAM), Investment and Trading Real Estate (ITC), Ninh Van Bay Real Estate (NVT), Becamex Infrastructure Development (IJC) significantly gained with large matching volumes.
 
Matching volumes kept quite strong, with total matching value hitting nearly VND1.5 trillion today ($72.3 million).

Liquidity was of 72.9 million shares worth VND1.06 trillion ($51.1 million) on HoSE, and of 63.9 million shares worth VND606.5 billion ($29.3 million) on HNX.