Wednesday, November 22 2017

VietNamNews

Foreign investors weaken markets

Update: March, 24/2015 - 08:57
Investors observe market developments at the BIDV Securities Company in Ha Noi. Foreigners were net sellers yesterday, dragging large-cap shares and the national stock market down. — VNS Photo Truong Vi
HA NOI (VNS)  — Foreign investors were net sellers yesterday as they sold a total value of VND120 billion (US$5.7 million) and traded nearly 23 million shares, dragging large-cap shares and the national stock market down.

On the HCM Stock Exchange, the VN30 Index, capturing the south's largest 30 shares in terms of market value and liquidity, finished at 598.07 points, a decline of 0.94 per cent. It recorded a trading value of VND925 billion ($44 million) for over 48 million traded shares. Among those shares, losing shares outnumbered gaining shares by 22 to three.

Ma San Group Corporation (MSN), Hoa Sen Group (HSG) and the Southern Rubber Industry Joint Stock Company (CSM) were the only three shares that raised their values between 0.2 per cent and 1.7 per cent.

As a result, the benchmark VN-Index yesterday lost 0.79 per cent to close at 570.89 points with a total trading volume of only 99.5 million shares, worth VND1.84 trillion ($87.6 million).

FLC Joint Stock Stock Company (FLC) traded the most with over 23 million shares at VND11,700, an increase of 4 per cent, and the Minh Phu Seafood Joint Stock Company (MPC) was the top gainer, increasing 6.95 per cent to VND100,000.

On the Ha Noi Stock Exchange, 27 HNX30 Index shares declined and three remained unchanged. The index decreased by 1.99 per cent to close at 159.72 points, and recorded a trading volume of 29.5 million shares, worth VND389 billion ($18.5 million).

The HNX-Index declined 1.4 per cent to close the session at 83.94 points. KLF Joint Venture Global Investment Joint Stock Company (KLF) was the most active code with a total trading volume of 9.7 million shares, while Book and Educational Equipment Joint Stock Company (STC) was the top gainer with an increase of 10 per cent in share value to close at VND19,800.

Overall, both markets closed the session with a total trading volume of 147 million shares and recorded a total trading value of VND2.4 trillion ($114.3 million). — VNS

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