Market slumps as large-caps decline
The national stock market fell on April 6, with low liquidity among the largest stocks unable to boost the market.
The national stock market fell on April 6, with low liquidity among the largest stocks unable to boost the market.
On the Hochiminh Stock Exchange, the VN30, tracking the top 30 shares by market value and liquidity, was down 0.86 percent and ended at 572.71 points. Declining codes heavily outnumbered advancing ones by 22 to two, while six others remained unchanged.
Only two improving codes, Hung Vuong Group (HVG) and Refrigeration Electrical Engineering Corporation (REE), improved their market values by 0.5 and 0.39 percent, respectively.
As a result, the VN-Index edged down 0.89 percent to close at 542.97 points as the decliners strongly edged out the advancers by 132 to 85, while 74 other stocks remained flat.
Purchasing power was weak, however, and finished 1.67 percent higher than the previous session’s figure, totalling nearly 72 million shares. The market's trading value rose sharply by 49.3 percent to reach 1.56 trillion VND (74.4 million USD).
On the Hanoi Stock Exchange, the HNX-Index fell by 0.33 percent to close at 81.66 points after having seen a slight recovery in the morning.
The market traded a total of 30.8 million shares, worth 437 billion VND (20.8 million USD), showing an increase of 2.6 percent in trading volume and 14.2 percent in trading value over April 3. The number of declining codes outnumbered the advancing ones by 106 to 79, while 180 others stayed flat.
Petroleum Technical Services Corporation (PVS) was the most active code, with a trading volume of 3.5 million shares at a price of 22,600 VND per share, reflecting a decrease of 0.88 percent.
On the northern market, Song Da Investment-Development JSC (SIC) was the top gainer, rising 10 percent in market value to end at 12,100 VND per share.
However, foreign investors remained net buyers, decreasing their purchases in the southern bourse by 24 percent to a net buy value of 41.2 billion VND (1.96 million USD). In the Hanoi market, they closed as net buyers, with a net buy value of 14.8 billion VND (705,000 USD), translating into an increase of 56 percent.-VNA
On the Hochiminh Stock Exchange, the VN30, tracking the top 30 shares by market value and liquidity, was down 0.86 percent and ended at 572.71 points. Declining codes heavily outnumbered advancing ones by 22 to two, while six others remained unchanged.
Only two improving codes, Hung Vuong Group (HVG) and Refrigeration Electrical Engineering Corporation (REE), improved their market values by 0.5 and 0.39 percent, respectively.
As a result, the VN-Index edged down 0.89 percent to close at 542.97 points as the decliners strongly edged out the advancers by 132 to 85, while 74 other stocks remained flat.
Purchasing power was weak, however, and finished 1.67 percent higher than the previous session’s figure, totalling nearly 72 million shares. The market's trading value rose sharply by 49.3 percent to reach 1.56 trillion VND (74.4 million USD).
On the Hanoi Stock Exchange, the HNX-Index fell by 0.33 percent to close at 81.66 points after having seen a slight recovery in the morning.
The market traded a total of 30.8 million shares, worth 437 billion VND (20.8 million USD), showing an increase of 2.6 percent in trading volume and 14.2 percent in trading value over April 3. The number of declining codes outnumbered the advancing ones by 106 to 79, while 180 others stayed flat.
Petroleum Technical Services Corporation (PVS) was the most active code, with a trading volume of 3.5 million shares at a price of 22,600 VND per share, reflecting a decrease of 0.88 percent.
On the northern market, Song Da Investment-Development JSC (SIC) was the top gainer, rising 10 percent in market value to end at 12,100 VND per share.
However, foreign investors remained net buyers, decreasing their purchases in the southern bourse by 24 percent to a net buy value of 41.2 billion VND (1.96 million USD). In the Hanoi market, they closed as net buyers, with a net buy value of 14.8 billion VND (705,000 USD), translating into an increase of 56 percent.-VNA
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