HA NOI (VNS)— Shares continued to rise in the southern bourse yesterday, but in Ha Noi they began to tumble. On the HCM City Stock Exchange yesterday, the VN-Index added another 0.5 per cent to reach 480.03 points.
The VN30, tracking the city's 30 leading shares, also managed to surge 0.6 per cent to 534.80 points. Only Vietinbank (CTG), Kinh Do Confectionery (KDC) and PetroVietnam Drilling Services (PVD) closed down.
On the exchange's electronic board, CTG plunged 14.4 per cent. Meanwhile, 21 others finished in the black, in which HCM City Infrastructure Investment (CII) hit its ceiling price.
The overall trading value jumped 61 per cent compared to Thursday's figure, totalling nearly VND1.27 trillion (US$59.9 million) on a volume of 46.8 million shares.
On the Ha Noi Stock Exchange, the benchmark HNX-Index dropped 0.3 per cent to 60.45 points.
Liquidity was still remarkably low, with just 19.8 million shares changing hands. They were worth VND132.3 billion ($6.2 million).
The HNX30, composed of the northern bourse's largest stocks in terms of capitalisation and liquidity, fell 0.5 per cent to 110.31 points.
Although foreign investors remained as net buyers yesterday by a combined value of VND90.9 billion ($4.2 million), analysts said that the recent transactions of foreign investors were negative.
The FTSE Vietnam Index yesterday announced its revised portfolio for the third quarter, saying it would not track more Vietnamese shares this quarter, while excluding construction firms Becamex (IJC) and Sudico, Phuoc Hoa Rubber (PHR) and Binh Duong Trade and Development (TDC).
In addition, investors withdrew $13.25 million from Market Vectors Vietnam ETF in August, bringing the total divestment from earlier this quarter to $25.5 million.
According to analysts for the financial information website vietstock.vn, foreign transactions will continue to be the main factor affecting the market in September. — VNS