Global fears continued on May 17 to overshadow trading on the HCM Stock Exchange, driving the VN-Index down 1.81 percent to a close of 511.27 points, its lowest mark since April 2.
Trading volume rose by 20 percent, however, to nearly 54.3 million shares, worth a combined 1.8 trillion VND (94.7 million USD), an increase in value of 16 percent over Friday’s value.
Despite positive moves in the early minutes of trading, the Index stalled and dropped below 510 points as investors sought to cut their losses, before bouncing back slightly to its closing mark.
The southern bourse on May 17 welcomed the first day of listing for Transport Engineering Construction and Business Investment Co 584 (NTB). NTB shares fell 11.9 percent from their opening reference price of 42,000 VND (2.2 USD) to 37,000 VND (1.95 USD) on a volume of 634,390 units.
On the Hanoi Stock Exchange, the HNX-Index also dropped by nearly 1.8 percent to a one-month low, ending Monday’s session at 169.61 points. Volume fell 4 percent from Friday’s session to just under 42.3 million shares, worth a combined 1.4 trillion VND (76.7 million USD).
Foreign investors remained net buyers on both stock exchanges, responsible for a net buy of over 9 billion VND (486,842 USD) on the HCM City market and nearly 2 billion VND (105,263 USD) on the Hanoi market./.
Trading volume rose by 20 percent, however, to nearly 54.3 million shares, worth a combined 1.8 trillion VND (94.7 million USD), an increase in value of 16 percent over Friday’s value.
Despite positive moves in the early minutes of trading, the Index stalled and dropped below 510 points as investors sought to cut their losses, before bouncing back slightly to its closing mark.
The southern bourse on May 17 welcomed the first day of listing for Transport Engineering Construction and Business Investment Co 584 (NTB). NTB shares fell 11.9 percent from their opening reference price of 42,000 VND (2.2 USD) to 37,000 VND (1.95 USD) on a volume of 634,390 units.
On the Hanoi Stock Exchange, the HNX-Index also dropped by nearly 1.8 percent to a one-month low, ending Monday’s session at 169.61 points. Volume fell 4 percent from Friday’s session to just under 42.3 million shares, worth a combined 1.4 trillion VND (76.7 million USD).
Foreign investors remained net buyers on both stock exchanges, responsible for a net buy of over 9 billion VND (486,842 USD) on the HCM City market and nearly 2 billion VND (105,263 USD) on the Hanoi market./.
