Tuesday, October 27 2020


Blue chips weigh on local markets

Update: July, 09/2015 - 09:16
Investors follow transactions at Bao Viet Securities Company in Ha Noi. — VNS Photo Viet Thanh
HA NOI  (VNS) — The market slumped on both bourses as the VN30 and HNX30 Indexes slid from their values in the previous session.

On the HCM Stock Exchange (HOSE), the VN30 Index dropped 7.6 points, equal to 1.16 per cent, to 645.67 points with only five gainers.

On the Ha Noi Stock Exchange (HNX), the HNX30 Index lost 3.26 points, or 1.88 per cent, to finish at 169.53 points with only three gainers.

The VN-Index on the southern bourse was down 1.13 per cent to finish at 623.17 points, while the HNX-Index on the northern bourse fell by 1.46 per cent to close at 88.13 points.

Overall, the market was quite disappointing, with decliners outnumbering gainers by 259 to 143 while the 259 other stocks remained flat.

Foreign investors also reduced their net buy value by 68.9 per cent to VND23.3 billion (US$1.08 million). The decline in foreign investment also contributed to the market slump.

Shares continued to receive strong inflows of money as market liquidity continued to grow with a gain of 11 per cent to VND4.3 trillion ($199 million), with a total of 259.5 million shares traded.

The market slump was found in most of the leading shares on the market, including gas, securities and real-estate shares.

Gas shares extended their losses. On the HOSE, Petrovietnam Gas Corporation (GAS) and Petrovietnam Drilling and Well Service Corporation (PVD) lost VND1,500 and VND2,000 per share, respectively.

On the northern bourse, Drilling Mud Corporation (PVC) and Petroleum Technical Services Corporation (PVS) had the biggest changes in their values, VND1,300 and VND1,000 per share.

Declining securities shares included HCM City Securities Corporation (HCM), Saigon Securities Incorporation (SSI), VNDirect Securities JSC (VND) and Sai Gon-Ha Noi Securities JSC (SHS).

In addition, the market saw heavy losses in some leading stocks such as Vietcombank (VCB), Vietnam Dairy Products Joint Stock Company (VNM), Ma San Group (MSN) and Vingroup Corporation (VIC).

Among the eight rising blue chips on the market, Bao Viet Holdings (BVH) and HCM City Infrastructure Investment Joint Stock Company (CII) extended their gains. BVH was up 5.77 per cent to VND55,000 per share while CII rose by VND1,800 to hit the ceiling price of VND27,600 per share.

Most bank shares recorded slight growth, including Military Bank (MBB) and Sacombank (STB), who gained 1.93 per cent and 2.05 per cent, respectively. On the northern bourse, Sai Gon-Ha Noi Bank (SHB) rose by 2.3 per cent to VND8,900 per share.

MBB and SHB were also the two most active codes on each bourse. MBB ended with 16 million shares traded, while 11.7 million SHB shares were exchanged on the market. — VNS

Send Us Your Comments:

See also: