May 2: Vietnam Stocks Fall on Profit Taking

The benchmark VN Index lost 1.31 points or 0.28% to 472.46. Volume rose 37.3% to 118.3 million shares worth of VND1.78 trillion.  Put-through trading contributed 3.4 million shares worth VND104.6 billion.

The market breadth was still positive on the primary bourse where 135 stocks advanced, 129 fell, 46 closed unchanged of which 64 hit the ceiling, 47 limited down.

The VN30 Index also fell 1.48 points or 0.27% to 539.72.

The market opened in the green with 7.7 million shares changed hands.  Early trading was positive, buying interest was firm to keep the market heat. However, selling pressure was seen at the high prices, paring the market gain, and the index closed the morning session off the high.

The selling  pressure became aggressive in recent hot stocks, some even fell from the ceiling in the morning session to the floor. Bargain hunters pared the loss and market closed the day off the low, but in the red.

Hot stocks such as HSG, SAM, DRC , ITC, NTL fell to the floor, while CSM, VNE were losers, supply was high. Banking stocks, property shares were losers.

Outperformers today saw the names of electricity generator such as PPC, VSH whose share prices limited up.

Active players were BGM with 5.5 million shares traded, closing up 1.9%to VND10,700; KSS with 4.8 million shares traded, limiting down at VND12,800, closing up, SAM  with 4 million shares traded, limiting down at VND9,300.

On the Hanoi Stock Exchange, the HNX index lost 0.51 point or 0.64% to 78.35. Trading volume rose 31.7% to 89 million shares worth VND928.9 billion. 

HBB caught market attention again with 12 million shares changed hands, limiting down at VND6,700 each after its AGM passed the merger plan into SHB.

Other active players were PVX with 5.6 million shares traded, closing down 2.6% to VND11,200; SCR followed with 4.3 million shares traded, closing down 6.8% to VND15,200.

Market leading shares like KLS, VND, PVX, and VCG were all losers.