The benchmark VN Index lost 6.19 points, or 1.44% to end at 422.22. Volume fell 86.21% to 121.7 million shares worth VND1.726 trillion, including 37.27 million shares worth of VND637.86 billion changed hands in the put-through deals. Of note, 32.55 million EIB shares were changed hands in the put through deals today for VND579.38 billion or VND17,800 each, just 1 line lower the limit-up today.
VN Index opened in the green with nearly 4.58 million shares were traded, selling pressure built up. Market went on in caution as sellers were decisive from the early trade and the exit pressure became stronger as market progressed. After 10 a.m. sellers became extremely aggressive, selling at whatever prices they got. Market indicator share SSI saw floor action, other blue chips, hot stocks including HPG, ITA, HSG, ITC, HCM, LCG, NTL, OGC, PPC, PVF, SJS were all limit-down losers. Other heavy weighs: BVH, HAG, CTG, DPM, FPT, MBB, MSN, VCB, VNM were losers.
One positive thing about today market is that some blue chips like HAG, VCB, MBB closed off the lows.
VN30 lost 4.96 points or 1.02% to 480.89 today. Volume rose 29.9% to 30 million worth of VND565.6 billion.
The broader market breadth turned negative. Among 308 listed firms on HOSE, losers outpaced gainers by 189-65 and 54 stocks unchanged.
Military Commercial Joint Stock Bank (MBB) continued to be the most active stock today with 4.77 million shares traded, closing down 4.8% to VND14,000.
Vietnam Export Import Commercial Joint Stock Bank (EIB) ranked second with 4.1 million shares traded, closing up 0.6% to VND17,100.
Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB) was in the third place with 3.89 million shares traded, closing up 4.9% to VND21,500.
Tan Tao Investment – Industry Corporation (ITA) and Sacom Development and Investment Corporation (SAM) followed with 3.3 million shares and 3.2 million respectively.
On the Hanoi Stock Exchange, the HNX closed down 2.07 points or 2.99% to 67.09. Trading volume rose 81.51% to 135.7 million shares traded for VND1.02 trillion of which only 2.9 million shares worth VND61.83 billion were changed hands in put-through deals.
Today trading was the most exciting one for multi-months as bulls and bears were everywhere. At first, the market focused on HBB trading where big block deals were seen from both two sides, pouring water into the market at a very fast speed. StoxPro software caught an order of 422,900 HBB shares sold at 08:43:10, two others orders of 300,000 HBB shares and 367,100 HBB shares filled at 08:47:48 and 08:53:46 respectively, all at VND5,800 each. And then, at 10:30:57; another 100,000 HBB shares sold at VND5.500 or reference price. The fighting led to an amazing of 40.29 million HBB shares changed hands.
Later investors also had to put an eye on high beta stocks such as KLS, VND, PVX, VCG as sellers became aggressive and share prices hit limit-downs.
Market breadth was broadly negative with 79 gainers, 205 losers and 110 flat issues.
PetroVietnam Construction Joint Stock Corporation (PVX); VNDIRECT Securities Corporation (VND), Kim Long Securities JSC (KLS); IDJ International Financial Investment and Enterprise Development Joint Stock Company (IDJ) were the top active, but only IDJ closed up.