Profit-taking weighs on shares
Modest declines by blue chips on the Ho Chi Minh Stock Exchange restrained the
rising trend of the VN-Index on January 7, which closed off 0.21 percent to
533.34 points.
Modest declines by blue chips on the Ho Chi Minh Stock Exchange restrained the
rising trend of the VN-Index on January 7, which closed off 0.21 percent to
533.34 points.
The value of the day’s trades on the HCM Stock Exchange rose to 3.41 trillion VND (182.4 million USD), 7.2 percent higher than in the previous session, on a volume of nearly 74.3 million shares. Advancers outnumbered decliners by 104-72, while 27 codes remained unchanged.
Sacombank (STB) was the most active share, responsible for 3.16 million traded. Seafood stocks such as Aquatex Ben Tre (ABT), Agifish (AGF) and Hung Vuong Corp (HVG) all saw gains on the day.
“The market has grown by over 30 percent since mid-December, so some profit-taking is normal,” said Nguyen Trong Nghia, director of analysis for Thang Long Securities Co.
Nghia said the market would see one or two more corrective sessions before rising again.
On the Hanoi Stock Exchange, the HNX-Index on January 7 fell for a second day, losing another 0.9 percent to close at 177.95.
Trading value stood high at 1.33 trillion VND (71.1 million USD) on a total volume of 36.68 million shares. Kim Long Securities (KLS) claimed the position as most heavily traded share on the northern bourse with 4.16 million changing hands.
The Hanoi market on January 7 welcomed a listing of nearly 6 million shares by Thanh Thanh Ceramic (TTC). At the end of the first trading day, TTC closed at 10,200 VND (0.54 USD) on a volume of just 8,800 shares.
Foreign investors returned to being net sellers on the HCM City market on January 7, responsible for a net sell of 38,100 shares worth nearly 47.5 billion VND (2.5 million USD). But they were still net buyers on the Hanoi market of 419,300 shares, worth 19 billion VND (1 million USD)./.
The value of the day’s trades on the HCM Stock Exchange rose to 3.41 trillion VND (182.4 million USD), 7.2 percent higher than in the previous session, on a volume of nearly 74.3 million shares. Advancers outnumbered decliners by 104-72, while 27 codes remained unchanged.
Sacombank (STB) was the most active share, responsible for 3.16 million traded. Seafood stocks such as Aquatex Ben Tre (ABT), Agifish (AGF) and Hung Vuong Corp (HVG) all saw gains on the day.
“The market has grown by over 30 percent since mid-December, so some profit-taking is normal,” said Nguyen Trong Nghia, director of analysis for Thang Long Securities Co.
Nghia said the market would see one or two more corrective sessions before rising again.
On the Hanoi Stock Exchange, the HNX-Index on January 7 fell for a second day, losing another 0.9 percent to close at 177.95.
Trading value stood high at 1.33 trillion VND (71.1 million USD) on a total volume of 36.68 million shares. Kim Long Securities (KLS) claimed the position as most heavily traded share on the northern bourse with 4.16 million changing hands.
The Hanoi market on January 7 welcomed a listing of nearly 6 million shares by Thanh Thanh Ceramic (TTC). At the end of the first trading day, TTC closed at 10,200 VND (0.54 USD) on a volume of just 8,800 shares.
Foreign investors returned to being net sellers on the HCM City market on January 7, responsible for a net sell of 38,100 shares worth nearly 47.5 billion VND (2.5 million USD). But they were still net buyers on the Hanoi market of 419,300 shares, worth 19 billion VND (1 million USD)./.
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