HÀ NỘI — Shares sank for a third day on the two national stock exchanges, driven by record foreign sales in the final reallocation trading day for Exchange-Traded Funds (ETFs). Shares were very volatile as many stocks in the must-sold list of ETFs gained value while some shares, which they strongly purchased, tumbled. Shares of dairy giant Vinamilk (VNM), the biggest listed stock, were down 3.5 per cent yesterday, extending their three-day losses to 4.8 per cent. FTSE and VNM ETFs were expected to buy a total of 11 million VNM shares during this portfolio review, but VNM shares were often listed among the most sold shares by foreign investors this week. Yesterday, foreigners only bought a net 30,800 VNM shares worth VNĐ1.2 trillion.

Source: Viet Nam News September 17, 2016 00:00 UTC