Friday, November 16 2018

VietNamNews

Shares in slight rebound, trading remains sluggish

Update: June, 04/2014 - 08:39

On the HCM City Stock Exchange, the VN-Index rose by 1.96 points or as much as 0.35 per cent to finish at 558.76 points.— Photo ztocx

HA NOI (VNS) — Shares managed to rebound yesterday but trading was sluggish due to a modest capital inflow.

The caution of local investors held back the VN-Index from regaining its previous 560-point level despite positive economic updates about the index of industrial production, exports, and purchasing manager index.

On the HCM City Stock Exchange, the VN-Index rose by 1.96 points or as much as 0.35 per cent to finish at 558.76 points.

The trading volume and value were at very low levels with only 58.6 million shares changing hands, worth VND894.5 billion (US$42.5 million) as investors hesitated to join the market, waiting for a clearer market trend.

With gainers overwhelmed losers by 14-9, the VN30-Index, tracking the performance of the southern bourse's largest stocks by capitalisation and liquidity, added 0.25 per cent to 612.49 points.

Advancers included Bao Viet Holdings (BVH), Masan Group (MSN), PetroVietnam Drilling Corporation (PVD) and Sacombank (STB) which added between VND400 ($0.019) to VND1,000 ($0.047) a share each.

Large-cap stocks which fell yesterday included Vingroup (VIC), PetroVietnam Low Pressure Gas Distribution Corporation (PGD), Vietinbank (CTG) and Vietcombank (VCB).

Over all, on the southern bourse, 102 codes added value while 78 codes dropped.

FLC Group (FLC) was the most heavily-traded stock with more than 10.5 million shares changing hands.

On Ha Noi Exchange, the HNX-Index slightly rose by 0.21 per cent to 74.96 points while the HNXFF-Index, composed of stocks with minimum free float rate 5 per cent, added 0.2 per cent to finish at 75.43 points.

Tracking top stocks, the HNX30-Index advanced by 0.4 per cent to end at 149.24 points.

A modest 36.9 million shares traded, worth VND345.4 billion ($16.4 million).

Foreign investors continued to be net buyers of a net value of VND152.64 billion ($7.26 million) on both bourses yesterday. — VNS

Send Us Your Comments:

See also: