Tuesday, December 6 2016

VietNamNews

Foreign investors pull down market

Update: April, 09/2015 - 08:30
The market's trading volume fell 17.2 per cent to more than 80 million shares worth VND1.34 trillion ($63.8 million), showing a decrease of 16.9 per cent. — Photo vneconomy
HA NOI  (VNS) — Foreign investors dragged the national stock market down yesterday by increasing their net selling value to VND69.34 billion (US$3.3 million), 28.4 per cent higher than Tuesday.

The foreign investors reported a net selling value of VND61 billion ($2.9 million) on the HCM City market, reflecting an increase of 27 per cent, and a net selling value of VND8.3 billion ($395,000) on the Ha Noi market, which indicated an increase of 38.3 per cent.

On the HCM City Stock Exchange, the VN-Index was down slightly at 0.07 per cent and closed at 547.72 points. On the same market, the number of advancing codes nearly equalised the number of declining ones by 98 to 109, and 75 others remained unchanged.

The market's trading volume fell 17.2 per cent to more than 80 million shares worth VND1.34 trillion ($63.8 million), showing a decrease of 16.9 per cent.

The VN30 Index, tracking the 30 largest stocks based on market value and liquidity, dropped by 0.3 per cent to end at 575.94 points. In this basket, the number of losing stocks was triple the number of gainers by 16 to five, while nine other stocks remained flat.

Among the only five gaining stocks, HCM City Infrastructure Investment JSC (CII) saw the best growth with 3.6 per cent to stand at VND20,000. The code traded more than 4.4 million shares.

FLC Group (FLC) remained the most active code on the market, with nearly 7.4 million shares being traded for VND10,500 per share, showing a 1.9 per cent drop.

Most of the bank stocks on the market remained flat. Only BIDV Bank (BID) gained by 0.5 per cent to stand at VND18,500 per share. Two banks, Agribank (AGR) and Vietcombank (VCB), in turn fell 1.7 per cent and 0.84 per cent.

On the Ha Noi Stock Exchange, the HNX-Index declined by 0.44 per cent to finish at 81.96 points. Among all stocks on the northern bourse, 84 stocks rose, 105 declined and 181 others remained unchanged.

The HNX30 Index slipped 0.64 per cent to finish at 154.11 points. The number of losing stocks on the northern market doubled and the number of gainers were pegged at 16 to eight, and six other stocks remained flat.

FIT Investment JSC (FIT) was the most active code on the northern market, with more than 4 million of its shares being traded. Its price per share declined 2.37 per cent to stand at VND16,500.

The market's trading volume dropped by 9.4 per cent to a total of 36.5 million shares. However, its trading value rose 8 per cent to VND457 billion ($21.7 million). — VNS


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