Share markets show mixed results
Shares finished higher in Hanoi on December 16, but lower in Ho Chi Minh City with a weak cash flow and cautious investors.
Shares finished higher in Hanoi on December 16, but lower in Ho Chi Minh City with a weak cash flow and cautious investors.
On the southern bourse, the VN-Index tumbled 0.79 percent to 502.04 points and more than 62.69 million shares were traded with a total value of 1.09 trillion VND (51.9 million USD).
The VN30-Index, tracking the southern city's 30 top shares by capitalisation and liquidity, lost 0.98 percent to close at 560.93 points.
Meanwhile, selling pressure was strong in the afternoon session, even on blue chips.
Only four stocks managed to increase yesterday, including Hoa Phat Group (HPG), PetroVietnam Low Pressure Gas Distribution (PGD), PetroVietnam Transportation (PVT) and Vinh Son-Song Hinh (VSH), while 17 stocks fell.
Logistic company Gemardept (GMD) lost 1,200 VND (0.057 USD) per share to 32,800 VND (1.56 USD) and Hoa Sen Group (HSG) lost 1,400 VND (0.06 USD) to 42,800 VND (2.038 USD) per share. Also, real estate giants Vingroup (VIC) lost 3,500 VND (0.16 USD) per share to 67,500 VND (3.2 USD).
Other losers included big names such as Masan Group (MSN), Vinamilk (VNM), Da Nang Rubber (DRC), Bao Viet Group (BVH), Ree Corporation (REE) and Vietcombank (VCB).
According to FPT Securities, the benchmark index lost the 505-point-level yesterday due to blue chips failing to support it. Liquidity on the southern bourse declined as investors feared that the downward trend would continue.
However, transactions were more active on the Hanoi Exchange.
The HNX-Index jumped 0.42 percent to 66.49 points and the HNXFF-Index, which is composed of stocks with a minimum free-float rate of 5 percent, gained 0.31 percent to 66.54 points.
With more than 78.49 million shares changing hands, the total value reached 590 billion VND (28.09 million USD).
Meanwhile, the HNX30-Index, composed of the 30 largest shares, was 0.37 percent higher to reach 125.68 points.
Although investors expect the information about restructuring of exchange traded funds (ETFs) this week would help boost the market, FPT Securities's speculation was not as expected.
FPT Securities forecast that the impact would be minimum, as ETFs reduced the holdings of many securities.-VNA
On the southern bourse, the VN-Index tumbled 0.79 percent to 502.04 points and more than 62.69 million shares were traded with a total value of 1.09 trillion VND (51.9 million USD).
The VN30-Index, tracking the southern city's 30 top shares by capitalisation and liquidity, lost 0.98 percent to close at 560.93 points.
Meanwhile, selling pressure was strong in the afternoon session, even on blue chips.
Only four stocks managed to increase yesterday, including Hoa Phat Group (HPG), PetroVietnam Low Pressure Gas Distribution (PGD), PetroVietnam Transportation (PVT) and Vinh Son-Song Hinh (VSH), while 17 stocks fell.
Logistic company Gemardept (GMD) lost 1,200 VND (0.057 USD) per share to 32,800 VND (1.56 USD) and Hoa Sen Group (HSG) lost 1,400 VND (0.06 USD) to 42,800 VND (2.038 USD) per share. Also, real estate giants Vingroup (VIC) lost 3,500 VND (0.16 USD) per share to 67,500 VND (3.2 USD).
Other losers included big names such as Masan Group (MSN), Vinamilk (VNM), Da Nang Rubber (DRC), Bao Viet Group (BVH), Ree Corporation (REE) and Vietcombank (VCB).
According to FPT Securities, the benchmark index lost the 505-point-level yesterday due to blue chips failing to support it. Liquidity on the southern bourse declined as investors feared that the downward trend would continue.
However, transactions were more active on the Hanoi Exchange.
The HNX-Index jumped 0.42 percent to 66.49 points and the HNXFF-Index, which is composed of stocks with a minimum free-float rate of 5 percent, gained 0.31 percent to 66.54 points.
With more than 78.49 million shares changing hands, the total value reached 590 billion VND (28.09 million USD).
Meanwhile, the HNX30-Index, composed of the 30 largest shares, was 0.37 percent higher to reach 125.68 points.
Although investors expect the information about restructuring of exchange traded funds (ETFs) this week would help boost the market, FPT Securities's speculation was not as expected.
FPT Securities forecast that the impact would be minimum, as ETFs reduced the holdings of many securities.-VNA
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