Wednesday, November 21 2018

VietNamNews

Investor caution lowers City shares

Update: November, 09/2013 - 10:05
Investors track the progress of shares at EuroCapital Securities in Ha Noi. — VNA/VNS Photo Thanh Giang

HA NOI (VNS)  — Shares tumbled in HCM City while advancing on the Ha Noi Exchange yesterday.

The VN-Index on the HCM City Stock Exchange lost 0.25 points to end at 498.61 points.

Overall, 104 codes managed to edge up yesterday, overwhelming losers which numbered 94, failing to support the benchmark indice, however.

The southern bourse saw lower liquidity than Thursday's trading session with 72.79 million shares traded, dropping 31 per cent.

The total trading value reached VND920.79 billion (US$43.84 million), a decrease of 28 per cent over the previous trading day.

The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, shed 0.42 per cent to land at 556.78 points, with decliners outnumbering advancers by 16-6.

Six gainers included technology company FPT (FPT), Hoang Anh Gia Lai Group (HAG), Pha Lai Thermoelectric Plant (PPC), Bourbon Tay Ninh (SBT), Saigon Securities (SSI) and Becamex (IJC) which earned between VND100 ($0.0047) and VND400 (0.019) per share.

PetroVietnam Drilling (PVD) closed VND1,500 lower at VND64,000 ($3.04) per share, PetroVietnam Low Pressure Gas Distribution (PVD) lost VND600 ($0.028) per share to VND30,700 ($1.46).

Other losers included big names such as Bao Viet Group (BVH), Hoa Sen Group (HSG), Sacombank (STB), Vingroup (VIC) and Vinamilk (VNM).

Becamex (IJC) lead the bourse in liquidity yesterday with 3.77 million shares changing hands.

According to FPT Securities, cash flow yesterday was not poured into penny and small cap groups as strongly as in previous trading days and investors became more cautious.

TheVN-Index was still in a sideways trend as blue chips still failed to regain their attraction, the company said.

Despite the decline in the southern bourse, the HNX-Index on the Ha Noi Stock Exchange rose 0.22 per cent to 63.29 points with gainers overwhelming losers by 110-86.

With more than 38.9 million shares changing hands, the total value reached VND276.93 billion ($13.18 million).

The HNX30-Index, composed of the capital city's largest shares, closed yesterday 0.58 per cent higher to reach 119.14 points.

Foreign buyers concluded yesterday as net buyers with a net value of VND150.9 billion ($7.18 million), with focus on shares of the real estate sector such as Sai Gon Water Infrastructure (SII), Becamex (IJC), Tu Liem Urban Development (NTL), Licogi 16 (LCG), Kinh Bac Urban Development (KBC). — VNS

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