Market slightly falls but sees record volumeBy Thuy Trieu – The Saigon Times DailyHCMC – After five rising sessions in a row, the HCMC stock exchange finally saw a slight fall on the VN-Index on Wednesday, shedding 1.18 points to 350.14. However, profit-taking activity spurred trade to a record volume.The Hochiminh Stock Exchange reported the demand decreased 20% to 99.6 million shares while the supply more than tripled to 133 million shares. The session ended up in nearly 80 million shares worth VND2.3 trillion Bad performance of the U.S. stock market on Tuesday night on fear of the health of the country’s banks prompted hesitation among local buyers but encouraged sellers. The market opened higher and hit a high of 357.51 before falling back and closing somewhat above the lows.In terms of the VN-Index, PPC, HPG, and VNM made the biggest positive contribution while HAG, SBT, and STB made the biggest negative contribution.The market saw 36 stocks rising and 133 others falling, including 12 stocks hitting the ceiling prices and 87 others falling to the floor prices.The most actively traded stock in the market was Sacombank (STB) which dipped 1.3% to VND22,800 each in record volume of 14.5 million shares…. Read full this story
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