VN-Index Falls Second Day on Blue-chips

Stocks on the Hochiminh Stock Exchange declined for a second day in a row on Friday to widen this weekly loss as traders continued to sell local shares on growing prudence ahead of October economic data.

The renewed selling pressure dragged down the local exchange for a second day, a stock analyst in Hanoi said. Traders showed the sense of prudence before October economic data expected to be announced next week.

Blue-chips continued to lead the downturn. Vingroup (VIC), Vinamilk (VNM), Vietinbank (CTG) and Masan Group (MSN) lost less than 1%.

The VN-Index, the measure of 311 stocks, lost 1.56 points, or 0.23%, to end at 688.83. The gauge slid 0.3% this week.

The VN30-Index, a free float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange, dropped 1.98 points, or 0.3%, to end at 655.17.

The market breadth was negative on the southern bourse where 100 stocks increased, 157 tumbled and 45 closed unchanged.

The market volume was up over 10% from a day earlier, totaling 136 million shares and fund certificates worth VND2,392 billion, almost unchanged from the previous trading day.

FLC Group (FLC), the most active stock on the gauge with 13.7 million shares changed hands, climbed 1.3% to end at VND6,400.

Dong A Hotel (DAH), coming second in market volume with 7.5 million shares changed hands, sank 2.9% to end at VND10,000.

Quang Nam Rubber Investment Joint Stock Company (VHG) slumped 5.3% to end at VND3,000 on a trade of 6.7 million shares – the third most active on the gauge. Hoang Huy Investment Services Joint Stock Company (HHS) plummeted 5.1% to finish at VND6,200 on a trade of 4.7 million shares.

VRG was the biggest gainer on the measure, adding 7% to VND10,700. DHG was the biggest loser, erasing 7% to end at VND101,000.

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