Bargain-hunting buyers buoy HCM City bourse
The VN-Index on July 15 snapped a
six-day losing streak, bouncing back by 2.03 percent to close at
427.05, with advancers outnumbering decliners by 124 to 20 on the Ho
Chi Minh City Stock Exchange.
The VN-Index on July 15 snapped a
six-day losing streak, bouncing back by 2.03 percent to close at
427.05, with advancers outnumbering decliners by 124 to 20 on the Ho
Chi Minh City Stock Exchange.
The value of the day’s trade fell by 30 percent from July 14’s session to 797.4 billion VND (44.8 million USD), while volume declined 28 percent to 22.3 million shares. Sacombank (STB) once again led the southern exchange, with 4.1 million shares changing hands, accounting for 19 percent of trades.
On the Hanoi Stock Exchange on July 15, the HASTC-Index also regained 1.58 percent to end the day at 142.9 points, on a trading volume of 11.4 million shares and a revenue of 352.7 billion VND (19.8 million USD).
Activity on the northern bourse also concentrated on banking shares, as Asia Commercial Bank (ACB) and Sai Gon-Hanoi Bank (SHB) generated orders for a combined 2.8 million shares, or 25 percent of the total volume.
Investors on July 15 began buying in the hope that the market had hit rock bottom, FPT Securities Co said in its daily report, but their caution also caused trading volumes to decline. FPT suggested investors continue to wait on clearer market trends, as the present offered little profit potential and high risks.
“The domestic market now lack supporting news so investors should look to developments on world stock exchanges, particularly the US market,” wrote Vietnam International Securities Co in a report.
On the Ho Chi Minh City bourse on July 15, foreign investor activity slowed, with overseas clients responsible for trades of a modest 3.9 million shares. But they became net buyers again, buying up a net of 934,000 shares, worth a combined 64.4 billion VND ( 3.6 million USD)./.
The value of the day’s trade fell by 30 percent from July 14’s session to 797.4 billion VND (44.8 million USD), while volume declined 28 percent to 22.3 million shares. Sacombank (STB) once again led the southern exchange, with 4.1 million shares changing hands, accounting for 19 percent of trades.
On the Hanoi Stock Exchange on July 15, the HASTC-Index also regained 1.58 percent to end the day at 142.9 points, on a trading volume of 11.4 million shares and a revenue of 352.7 billion VND (19.8 million USD).
Activity on the northern bourse also concentrated on banking shares, as Asia Commercial Bank (ACB) and Sai Gon-Hanoi Bank (SHB) generated orders for a combined 2.8 million shares, or 25 percent of the total volume.
Investors on July 15 began buying in the hope that the market had hit rock bottom, FPT Securities Co said in its daily report, but their caution also caused trading volumes to decline. FPT suggested investors continue to wait on clearer market trends, as the present offered little profit potential and high risks.
“The domestic market now lack supporting news so investors should look to developments on world stock exchanges, particularly the US market,” wrote Vietnam International Securities Co in a report.
On the Ho Chi Minh City bourse on July 15, foreign investor activity slowed, with overseas clients responsible for trades of a modest 3.9 million shares. But they became net buyers again, buying up a net of 934,000 shares, worth a combined 64.4 billion VND ( 3.6 million USD)./.
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