Stock market falls for 5th straight session

Photo: Reuters

TUOITRENEWS

Vietnamese stock market Wednesday slipped for its 5th session in a row with the VN-Index plunging 9.44 points (2.03 percent) to 454.91 points and the HNX-Index dropping 0.7 points (0.88 percent) to 78.86 points.

On Ho Chi Minh Stock Exchange (HoSE), the total matching order trade reached over 27.26 million shares worth VND521.6 billion, up 15 percent in volume and 9.27 percent in value against Tuesday trading session.

On Hanoi Stock Exchange (HNX), the total market trade reached over 28.67 million shares valued at VND347.63 billion, rising15.36 percent in volume and 15.46 percent in value day on day.

By the end of Wednesday’s trading session, the southern bourse saw 57 gainers and 169 losers and the respective figures on the northern bourse were 70 and 191.

Although foreign investors on HoSE shifted to sell with over 200,000 shares, their net-buying value was at VND10.7 billion. Foreign investors on HNX continued their 4th net-buying session with 84,500 shares worth VND3.3 billion.

On the southern bourse, foreign investors bought over 3.79 million shares valued at over VND107 billion and they sold over 4 million shares for over VND96 billion.

They focused on net buying VCB, CTG and CII-coded shares with over 1.06 million shares, 201,040 shares and 150,400 shares respectively. They also focused on net selling STB, SJS and SSI-coded shares with and 1.12 million shares, 403,860 shares and 383,520 shares respectively

On the northern bourse, they bought over 426,300 shares worth over VND7.3 billion while selling 341,800 shares for over VND4 billion. Their net-buying session Wednesday focused on PVS, VCG and BVS-coded shares with 115,900 shares, 52,800 shares, and 28,900 shares respectively.

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Foodstuff prices fall as supply increases

TUOITRE

Prices of foodstuff have dropped this month thanks to an abundant supply, provincial officials have said.

For instance, prices of processed food, beef and chicken are remaining stable while the price of pork has dropped in many places, said price and market management authorities under the ministries of Finance and Industry and Trade.

Nguyen Tan Phuong, director of Dong Nai Food Factory, said as pork is now in abundance, its prices are going down.

In Hanoi, An Giang Province and Can Tho City, for instance, the price of pork has fallen by VND2,000 – VND6,000 per kg to VND54,000 - VND55,000 per kg.

In Hau Giang and Tien Giang provinces, prices of various kinds of pork have dropped by VND1,000 – VND3,000 per kg.

Meanwhile, pig farmers said the price of pork must remain at least VND50,000 per kg to ensure profits, so if this drop continued, they would suffer losses.

In Hanoi and Phu Tho Province, prices of chicken and duck eggs have also dropped by VND1,000 – VND2,000 for every 10 eggs.

Vegetables in HCMC, Hanoi and Bac Giang Province are also costing much less compared to last week. Prices of cabbage, tomato, and China squash in particular have dropped by VND1,000 – VND2,000 per kg.

Rice prices are remaining stable in northern provinces and have started to go down in southern provinces like An Giang and Hau Giang provinces after rising for many weeks.

The prices of sea fish and river fish have dropped by 5 percent to 10 percent, or by VND2,000 – VND10,000 per kg.

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