Week finishes with a whimper

Some large-cap stocks led the losers today after supporting the market in previous sessions, as the holders locked profits. Vinamilk (VNM) shed 0.85 per cent, Kinh Do Corp. (KDC) fell 1.75 per cent.

Real-estate stocks Hoang Anh Gia Lai (HAG), Thu Duc Housing Development (TDH) hit the floor, while other small-cap and mid-cap stocks in the sector continuing their downward trend.

However, banking stocks slightly recovered today after several falling sessions. Sacombank (STB) outperformed Ho Chi Minh Stock Exchange (HoSE) with 1.4 million shares matched. The stock ended up 0.5 per cent.

Eximbank (EIB) added 0.7 per cent. Even Asia Commercial Bank (ACB) advanced 0.61 per cent on Hanoi Stock Exchange (HNX).

Meanwhile, Military Bank (MBB) and Vietinbank (CTG) slightly declined and Vietcombank (VCB) strongly dropped.

Speculative stocks ended mixed. Mineral stocks Nari Hamico Minerals (KSS) fell 3.17 per cent, Tay Bac Minerals Investment (KTB) ended flat while Binh Thuan Mineral Industry (KSA) hitting the ceiling. Real-estate pennies Ninh Van Bay Real Estate (NVT) and International Development and Investment Corp. (IDI) still rallied amid the sector’s large fall.

HNX’s leading sentiment stocks have not improved from their downward trend. VNDirect Securities (VND), Kim Long Securities (KLS), Saigon-Hanoi Bank (SHB), Saigon-Hanoi Securities (SHS) still shed 1-2 per cent each.

Decliners outran advancers on both bourses. Some 127 stocks declined on HoSE, compared with 81 up and 102 unchanged. On HNX, some 120 stocks were off, 72 rose and 201 ended flat.

HoSE’s VN-Index ended down 0.77 points or 0.2 per cent to 392.57 points. HNX’s HNX-Index slipped 0.43 points or 0.77 per cent to 55.47 points.

Weak sentiment pushed the liquidity increasingly drying out. Matching value of two bourses shed further to as low as VND422.1 billion ($20.4 million).

However, a significant put-through value helped HoSE’s total liquidity reaching 31.7 million shares worth VND619.3 billion ($29.9 million). HNX’s liquidity stayed at 19.3 million shares worth VND149.1 billion ($7.2 million).