The VN-Index on Sept. 7 slid 0.75 percent to close at 524.51, a fall of 3.98 points, as the positive performance of a few blue chips put the brakes on a downward move on the HCM Stock Exchange.
Sales continued to weigh on the market after Indochina Capital’s announcement last week that it would liquidate its Vietnam holdings, along with a negative assessment from Credit Suisse which sent to the domestic bourse into a tailspin. The day witnessed 106 losers and 51 gainers.
A few major stocks, including Refrigeration Electrical Engineering Corp (REE) and Song Da Urban-Industrial Zone Investment and Development (SJS), bucked the trend to hit the ceiling of the trading band by the end of the day, helping prop up the Index.
Trading volume remained significant with 58.4 million shares changing hands on a turnover of 2.6 trillion VND (146.1 million USD).
Sacombank (STB) continued to show the heaviest activity on the southern market with 7.4 million shares changing hands.
On the Hanoi Stock Exchange on Sept. 7, the HNX-Index fell by 1.31 percent to end at 164.73, with all major shares losing value on the day. Decliners outnumbered advancers by 162 to 39.
The value for the day’s trade reached about 968 billion VND (54.4 million USD) on a volume of nearly 28 million shares. Kim Long Securities (KLS) led the northern bourse with 3.2 million shares, followed closely by Vinaconex Group (VCG) with 2.4 million.
Foreign investors on Sept. 7 became net sellers on both markets, responsible for a net sale volume of 1.3 million shares – worth 58.1 billion VND (3.3 million USD) – in HCM City, and 595,000 shares – worth 24.5 billion VND (1.4 million USD) – in Hanoi. Total foreigner transaction volume were modest at about 6.3 million shares./.
Sales continued to weigh on the market after Indochina Capital’s announcement last week that it would liquidate its Vietnam holdings, along with a negative assessment from Credit Suisse which sent to the domestic bourse into a tailspin. The day witnessed 106 losers and 51 gainers.
A few major stocks, including Refrigeration Electrical Engineering Corp (REE) and Song Da Urban-Industrial Zone Investment and Development (SJS), bucked the trend to hit the ceiling of the trading band by the end of the day, helping prop up the Index.
Trading volume remained significant with 58.4 million shares changing hands on a turnover of 2.6 trillion VND (146.1 million USD).
Sacombank (STB) continued to show the heaviest activity on the southern market with 7.4 million shares changing hands.
On the Hanoi Stock Exchange on Sept. 7, the HNX-Index fell by 1.31 percent to end at 164.73, with all major shares losing value on the day. Decliners outnumbered advancers by 162 to 39.
The value for the day’s trade reached about 968 billion VND (54.4 million USD) on a volume of nearly 28 million shares. Kim Long Securities (KLS) led the northern bourse with 3.2 million shares, followed closely by Vinaconex Group (VCG) with 2.4 million.
Foreign investors on Sept. 7 became net sellers on both markets, responsible for a net sale volume of 1.3 million shares – worth 58.1 billion VND (3.3 million USD) – in HCM City, and 595,000 shares – worth 24.5 billion VND (1.4 million USD) – in Hanoi. Total foreigner transaction volume were modest at about 6.3 million shares./.
