Bottom-fishing boosts liquidity
The share prices of Vietnamese stock markets fell on November 5 in spite of some upward movements earlier in the session.
The share prices of Vietnamese stock markets fell on November 5 in spite of some upward movements earlier in the session.
At the Hochiminh Stock Exchange, the VN-Index gained by 0.21 percent at certain points but finally lost by 0.23 percent to 597.01 points. Trading value reached 2.4 trillion VND (113.2 million USD), and trading volume reached 146 million shares.
The slump in 19 of 30 blue chips that the VN30 Index tracked brought the index down by 0.35 percent to close at 637.68 points.
At the Hanoi Stock Exchange, the HNX-Index fell by 0.04 percent to 88.68 points on a turnover of 993.7 billion VND (46.8 million USD) as the volume of transactions rose to around 68 million shares.
However, the HNX30 Index, representing the performance of Hanoi 's 30 largest stocks, added 0.14 percent to reach 177.22 points.
Logistics stocks performed the best, adding an overall value of 2.7 percent, notably PetroVietnam Transportation (PVT), Vipco Transport (VIP) and Vietnam Tanker (VTO). Meanwhile, shares in the hardware technology and equipment sector lost the most, by 2.9 percent.
Tran Duc Anh, analyst for Bao Viet Securities, commented: "Market sentiment is quite unstable. At some points, profit-taking occurred, causing a widespread negative effect and sending indices down deeply."
However, a highlight of trading on November 5 was the increase in liquidity due to bottom-fishing. Real estate stocks attracted most of the money with millions of shares traded, including An Duong Thao Dien (HAR), Kinh Bac Urban Development (KBC) and FLC Group (FLC), as well as Tan Tao (ITA) and Duc Long Gia Lai (DLG).
Several stocks in other industries likewise witnessed high liquidity such as Quang Nam Rubber (VHG), Saigon Securities Inc (SSI), International Development and Investment (IDI) and Hoang Huy Investment Services (HHS).
Retailer KLF Investment (KLF) led the two bourses in terms of trading value with more than 14.5 million shares changing hands. It increased by 3.5 percent to 11,700 VND per share.
After a heavy sale on November 4, foreign investors became net buyers once more by a modest margin of more than 14 billion VND (660,300 million USD).-VNA
At the Hochiminh Stock Exchange, the VN-Index gained by 0.21 percent at certain points but finally lost by 0.23 percent to 597.01 points. Trading value reached 2.4 trillion VND (113.2 million USD), and trading volume reached 146 million shares.
The slump in 19 of 30 blue chips that the VN30 Index tracked brought the index down by 0.35 percent to close at 637.68 points.
At the Hanoi Stock Exchange, the HNX-Index fell by 0.04 percent to 88.68 points on a turnover of 993.7 billion VND (46.8 million USD) as the volume of transactions rose to around 68 million shares.
However, the HNX30 Index, representing the performance of Hanoi 's 30 largest stocks, added 0.14 percent to reach 177.22 points.
Logistics stocks performed the best, adding an overall value of 2.7 percent, notably PetroVietnam Transportation (PVT), Vipco Transport (VIP) and Vietnam Tanker (VTO). Meanwhile, shares in the hardware technology and equipment sector lost the most, by 2.9 percent.
Tran Duc Anh, analyst for Bao Viet Securities, commented: "Market sentiment is quite unstable. At some points, profit-taking occurred, causing a widespread negative effect and sending indices down deeply."
However, a highlight of trading on November 5 was the increase in liquidity due to bottom-fishing. Real estate stocks attracted most of the money with millions of shares traded, including An Duong Thao Dien (HAR), Kinh Bac Urban Development (KBC) and FLC Group (FLC), as well as Tan Tao (ITA) and Duc Long Gia Lai (DLG).
Several stocks in other industries likewise witnessed high liquidity such as Quang Nam Rubber (VHG), Saigon Securities Inc (SSI), International Development and Investment (IDI) and Hoang Huy Investment Services (HHS).
Retailer KLF Investment (KLF) led the two bourses in terms of trading value with more than 14.5 million shares changing hands. It increased by 3.5 percent to 11,700 VND per share.
After a heavy sale on November 4, foreign investors became net buyers once more by a modest margin of more than 14 billion VND (660,300 million USD).-VNA
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