More than two-thirds of stocks on both national stock exchanges fell for a second successive session

Hanoi (VNA) – More than two-thirds of stocks on both national stock exchanges
fell for a second successive session on Dec. 8 as investors continued to convert
their holdings into cash.

On the HCM Stock Exchange, the VN-Index declined by over 1.7 percent to close at
452.83 points, while the value of trades fell 20 percent from the previous
days’s level to 1.6 trillion VND (76.2 million USD), with 71.6 million shares
traded.

More than 65 percent of decliners sank to their floor prices and many went unsold,
including shares of Southern Rubber Industry (CSM), Danang Rubber (DRC), Vien Dong
Pharmaceutical (DVD), Long An Food Processing Export (LAF) and Song Da Urban and
Industrial Zone Investment and Development (SJS), all of which had seen gains in
recent sessions.

Of the 10 most-heavily capitalised shares, only property developer Vincom (VIC)
and Eximbank (EIB) advanced, up 3.5 percent and 1.4 percent, respectively.

Saigon Securities Inc (SSI) was the most active nationwide, with a volume of 5.36
million shares exchanged, but it dropped to its floor price of 26,900 VND (1.28
USD) per share.

On the Hanoi Stock Exchange, the HNX-Index declined by almost 3 percent to end the
session at 110.78. The volume of trades decreased by over 17 percent to 66.8
million shares, worth a combined 1.3 trillion VND (61.9 million USD).

Decliners outnumbered advancers by 204-32, with 70 percent of the losers plunging
to their floor prices.

Kim Long Securities Co (KLS) continued to be the most heavily-traded share on the
northern bourse, with over 4.67 million shares traded. However, KLS also dropped
to its floor price, finishing the day at 14,900 VND (0.76 USD).

Foreign investors were net sellers on both exchanges for a second day, picking up
a combined 3.3 million shares worth 111 billion VND (5.3 million USD).-Enditem