Disappointment as blue chips fade
The stock market disappointed most investors as blue chips declined on both bourses on May 27.
The stock market disappointed most investors as blue chips declined on both bourses on May 27.
The situation was worse for the southern bourse as blue chips dragged the market down, while the northern one was able to extend its recovery for another session.
Foreign investors contributed to the decline by recording a total net buy value of 78 billion VND (3.6 million USD), a decrease of 60 percent compared to the previous session.
This was the eighth consecutive session in which foreign investors stayed as net buyers.
The VN-Index lost 0.13 percent to finish at 566.48 points. The VN30 Index also lost 0.22 percent to 589.82 points with 14 decliners and 8 gainers.
Both market trading volume and trading value fell from the previous session's figures. While market trading volume was 115 million shares, the value was 1.75 trillion VND (81.3 million USD), a decrease of 17.3 percent.
Bank shares were mixed. Vietcombank (VCB) and Sacombank (STB) shares both fell.
Among large-cap gas codes, PetroVietnam Transporation Corporation (PVT) was the only one that rose.
FLC Group (FLC) continued as the most active code with 19 million shares being traded.
Unlike the VN Index on the southern bourse, the HNX-Index in the north closed almost unchanged at 81.72 points.
The HNX30 Index, tracking 30 largest shares regarding their liquidity and value, dropped by 0.02 percent, not enough to drive the northern market down.
Mid-cap and small-cap shares performed well to help the market overcome the decline in blue chips.
KLF Joint Venture Global Investment Co (KLF) surpassed FIT Investment JSC (FIT) to be the most active stock with 5.9 million shares traded. Its market value stayed unchanged.
On the market, more than 50 million shares were traded for a total value of 559 billion VND (26 million USD), a decrease of 18.8 percent over the previous day.-VNA
The situation was worse for the southern bourse as blue chips dragged the market down, while the northern one was able to extend its recovery for another session.
Foreign investors contributed to the decline by recording a total net buy value of 78 billion VND (3.6 million USD), a decrease of 60 percent compared to the previous session.
This was the eighth consecutive session in which foreign investors stayed as net buyers.
The VN-Index lost 0.13 percent to finish at 566.48 points. The VN30 Index also lost 0.22 percent to 589.82 points with 14 decliners and 8 gainers.
Both market trading volume and trading value fell from the previous session's figures. While market trading volume was 115 million shares, the value was 1.75 trillion VND (81.3 million USD), a decrease of 17.3 percent.
Bank shares were mixed. Vietcombank (VCB) and Sacombank (STB) shares both fell.
Among large-cap gas codes, PetroVietnam Transporation Corporation (PVT) was the only one that rose.
FLC Group (FLC) continued as the most active code with 19 million shares being traded.
Unlike the VN Index on the southern bourse, the HNX-Index in the north closed almost unchanged at 81.72 points.
The HNX30 Index, tracking 30 largest shares regarding their liquidity and value, dropped by 0.02 percent, not enough to drive the northern market down.
Mid-cap and small-cap shares performed well to help the market overcome the decline in blue chips.
KLF Joint Venture Global Investment Co (KLF) surpassed FIT Investment JSC (FIT) to be the most active stock with 5.9 million shares traded. Its market value stayed unchanged.
On the market, more than 50 million shares were traded for a total value of 559 billion VND (26 million USD), a decrease of 18.8 percent over the previous day.-VNA
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