Tuesday, October 25 2016


Local bourses continue decline

Update: July, 10/2015 - 08:21

Both indices cut down their falls compared to Wednesday. — Photo vneconomy

HA NOI (VNS) — Blue chips yesterday remained the biggest problem for investors as they had a mixed performance and were unable to drive the market up.

Both indices cut down their falls compared to Wednesday. On the HCM City Stock Exchange, the VN Index lost 0.17 per cent to close at 622.10 points while the HNX Index on the Ha Noi Stock Exchange dropped 0.24 per cent to 87.92 points.

Market liquidity remained high, but decreased by one-fifth to VND3.44 trillion (US$159 million). A total of 196 million shares were traded.

Despite the drop, the market showed some improvements. Compared to the previous session, there were 161 gainers and 229 decliners, more advancing codes and less losing ones.

Petrol and bank shares were the major factor as most declined or stayed flat, preventing the market from rising.

Bank shares were in a similar situation. Vietcombank (VCB) was the only gainer in this group. The Bank for Investment and Development of Viet Nam (BID), Vietinbank (CTG), Sai Gon-Ha Noi Bank (SHB) and Asia Commercial Bank (ACB) lost 2.32, 0.94, 1.12 and 0.87 per cent, respectively.

In addition, the growth of insurance shares was interrupted while securities shares recovered during yesterday session.

Insurance shares were mixed. Bao Viet Holdings (BVH) and Bao Minh Insurance Corporation (MBI) declined while BIDV Insurance Corporation (BIC) reached the ceiling price at VND21,800 per share.

In constrast, securities shares improved, but their effects on the market could not be compared to petrol and bank shares. HCM City Securities Corporation (HCM), Sai Gon Securities Incorporation (SSI), VNDirect Securities JSC (VND) and Sai Gon-Ha Noi Securities JSC (SHS) made high gains.

Some other large-cap shares also contributed to the fall of the market. FLC Group (FLC) fell by 1.16 per cent, Hoa Sen Group (HSG) was down 1.38 per cent while Viet Nam Dairy Products Joint Stock Company (VNM) and Ma San Group (MSN) remained unchanged.

HAI Agrochem Joint Stock Company (HAI) on the southern bourse and KLF Joint Venture Global Investment JSC (KLF) on the northern bourse were the most active codes yesterday with 9.2 and 4.5 million shares traded, respectively.

On July 14 and 17, the Ha Noi Stock Exchange will list two new codes on the northern market. The newcomers are Petrovietnam Fertilisers and Chemicals Joint Stock Company and Southern Books and Education Equipment Joint Stock Company, which are listed as PSW and SMN. — VNS

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