Advances slow on both bourses
The VN-Index continued its upward advance on August 5, increasing by just under a percent to close at 481.29 points.
The VN-Index continued its upward advance on August 5, increasing by just under a percent to close at 481.29 points.
Total trading value remained healthy, at 1.63 trillion VND (91.6 million USD), on a volume of 38.3 million shares. Foreign trade contrinuted 6.2 million shares to this total, worth a combined 404.05 billion VND (22.7 million USD).
On the Hanoi market, the HNX-Index also inched up 0.6 percent, ending the August 5 trading session at 153.93. Trading volume on this market dropped 4.6 percent to 18.8 million shares, worth a total of 626.24 billion VND (35.2 million USD). The volume of foreign investor trades totaled 826,300 shares.
Financial shares continued to maintain their attractiveness to investors on both the southern and northern markets, with Sacombank (STB) and Saigon Securities Inc (SSI) leading activity in HCM City and Kim Long Securities (KLS) and VietinBank Securities (CTS) nailing active shares on the Hanoi Stock excahnge.
“Traders began holding back today on an ease in global securities investment, as the domestic market is now more closely linked to global market,” said Ngo Quoc Hung, a veteran investor in HCN City who also pointed to profit-taking to explain the day’s slower growth on the domestic markets.
Le Anh Thi, an analyst with Au Viet Securities Co, believed stock traders were sitting on their hands, waiting for new opportunities, rather than looking to alternative investment channels.
“The real estate market remains in a state of low liquidity and requires high levels of capital,” Thi said. “Gold prices also continue to be high and interest rates, while competitive, are not as attractive as securities.”
He pointed to the news on dividends, business propect and increases in charter capital by a number of listed companied as likely to sustain a market rally for the time being.
The UPCoM-Index also gained on August 5, soaring 4.26 percent to close at 82.78 points.
Overall value totaled 2.5 billion VND (140,449 USD) on a volume of 123,055 shares, with a foreign investor buy of 50,000 shares of HIPT Group (HIP) helping lift the market and lifting HIG into the position as the most active stock on the UPCoM, with an overall volume of 57,718 shares./.
Total trading value remained healthy, at 1.63 trillion VND (91.6 million USD), on a volume of 38.3 million shares. Foreign trade contrinuted 6.2 million shares to this total, worth a combined 404.05 billion VND (22.7 million USD).
On the Hanoi market, the HNX-Index also inched up 0.6 percent, ending the August 5 trading session at 153.93. Trading volume on this market dropped 4.6 percent to 18.8 million shares, worth a total of 626.24 billion VND (35.2 million USD). The volume of foreign investor trades totaled 826,300 shares.
Financial shares continued to maintain their attractiveness to investors on both the southern and northern markets, with Sacombank (STB) and Saigon Securities Inc (SSI) leading activity in HCM City and Kim Long Securities (KLS) and VietinBank Securities (CTS) nailing active shares on the Hanoi Stock excahnge.
“Traders began holding back today on an ease in global securities investment, as the domestic market is now more closely linked to global market,” said Ngo Quoc Hung, a veteran investor in HCN City who also pointed to profit-taking to explain the day’s slower growth on the domestic markets.
Le Anh Thi, an analyst with Au Viet Securities Co, believed stock traders were sitting on their hands, waiting for new opportunities, rather than looking to alternative investment channels.
“The real estate market remains in a state of low liquidity and requires high levels of capital,” Thi said. “Gold prices also continue to be high and interest rates, while competitive, are not as attractive as securities.”
He pointed to the news on dividends, business propect and increases in charter capital by a number of listed companied as likely to sustain a market rally for the time being.
The UPCoM-Index also gained on August 5, soaring 4.26 percent to close at 82.78 points.
Overall value totaled 2.5 billion VND (140,449 USD) on a volume of 123,055 shares, with a foreign investor buy of 50,000 shares of HIPT Group (HIP) helping lift the market and lifting HIG into the position as the most active stock on the UPCoM, with an overall volume of 57,718 shares./.
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