Monday, August 21 2017

VietNamNews

Rising trade fails to boost local markets

Update: February, 26/2015 - 08:17
On the HCM City Stock Exchange, the VN-Index dropped by 0.72 per cent to 592.66 points. — File Photo
HA NOI  (VNS) — Stocks had a slight slump into the red on both exchanges at yesterday's close, however both markets markedly increased activity.

The total market turnover increased day-to-day by 64 per cent, ending at VND2.4 trillion (US$115.3 million) with a total volume traded of over 152.8 million shares.

On the HCM City Stock Exchange, the VN-Index dropped by 0.72 per cent to 592.66 points.

The total market turnover was VND1.75 trillion ($83.3 million) with a volume of over 99.2 million shares.

Fluctuating bank shares were again the focus of the trading session and were blamed for the lowering VN-Index score and the VN30-Index score as traders sold more in the market.

The three largest banks on the exchange all fared differently. Vietcombank (VCB) saw its share values drop by 2.31 per cent to VND38,100; Techcombank (CTG) slightly increased by 1.08 per cent to VND18,800; and Bank for Investment and Development of Viet Nam (BIDV) stayed unchanged at VND18,500.

Blue chips, the 30 biggest stocks in terms of capitalisation and liquidity had a partly mixed performance.

Of the 30 stocks, decliners outnumbered advancers by 19 to 7, ultimately causing a net decrease in the VN30 Index by 0.76 per cent to 619.44 points.

Property developer FLC Group (FLC) remained the most active code, trading over 8.6 million shares at VND10,900, a decrease of 3.5 per cent. Its total traded value was VND94 billion131.8 billion ($4.48 million).

On the Ha Noi Stock Exchange, the HNX-Index fell by 0.84 per cent to 85.66 points but remained relatively inactive compared to the VN-Index.

Liquidity reached VND668.9 billion ($31.8 million), and over 53.6 million shares were traded.

The HNX30, comprising the northern bourse's 30 stocks, dropped by 1.2 per cent to 165.01 points.

Foreign investors yesterday purchased a total value of VND363.4 billion ($17.3 million) in the two markets, an increase of 76 per cent over the previous day.

Yesterday's foreign investment numbers represented a peak in the market during the last eight weeks.

On the HCM City Stock Exchange, foreign investors represented the bulk of foreign activity with 12 million shares sold at a total of VND300 billion ($14.2 million). Foreign purchasers on the Ha Noi Stock Exchange accounted for only VND42 billion ($2 million) of stock sales.

The net income Vietnamese traders received from foreign investors was VND207 billion ($9.8 million); VND107.5 billion ($5.1 million) of that went to VN30 Index codes. Foreign investors purchased a net total of VND1,245 trillion ($59.3 million) in shares over the last ten days. — VNS

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