Credit worries depress shares
Stocks experienced their third
straight day of declines on the HCM Stock Exchange on July 30, as the
VN-Index slid another 1.34 percent to end the day at 451.91.
Stocks experienced their third
straight day of declines on the HCM Stock Exchange on July 30, as the
VN-Index slid another 1.34 percent to end the day at 451.91.
Trading volume on the southern exchange fell by 14 percent from the previous day’s figure to 29.5 million shares, worth a combined 1.1 trillion VND (61.8 million USD).
Market leader Sacombank (STB) generated orders for 5.5 million shares, representing 17 percent of the volume.
On the Hanoi Stock Exchange on July 30, the HNX-Index also fell by 2.12 percent to close at 148.91.
Trading value on the northern bourse was 580.3 billion VND (32.6 million USD), on a volume of 17.6 million shares. Activities concentrated in shares of Vinaconex Group (VCG) and Kim Long Securities (KLS), with around 2.7 million traded each.
In HCM City on July 30, overseas clients continued as net buyers of 1.2 million shares, with a net value of 65.2 billion VND (3.7 million USD). In the north, foreign investors were net buyers of 340,200 shares, worth a total of 15.6 billion VND (786,400 USD).
With this week’s declines erasing the gains of this month’s rallies, the domestic markets were not yet able to establish an overall trend and were likely to stay mixed during August, according to a report from Saigonbank Berjaya Securities Co.
Vietnam Association of Financial Investors (VAFI) general director Nguyen Hoang Hai said that domestic corporate results were one such bright spot, particularly with earnings expected to further improve during the rest of the year.
On the unlisted public company market on July 30, stocks fell across the board with Agribank Insurance Co (ABI) the only share to manage gains by the end of the day.
The UPCoM-Index closed down 1 percent to 78.97 points. The value of the day’s trades on the struggling market reached only 1.5 billion VND (84,300 USD) on a volume of just 129,300 shares./.
Trading volume on the southern exchange fell by 14 percent from the previous day’s figure to 29.5 million shares, worth a combined 1.1 trillion VND (61.8 million USD).
Market leader Sacombank (STB) generated orders for 5.5 million shares, representing 17 percent of the volume.
On the Hanoi Stock Exchange on July 30, the HNX-Index also fell by 2.12 percent to close at 148.91.
Trading value on the northern bourse was 580.3 billion VND (32.6 million USD), on a volume of 17.6 million shares. Activities concentrated in shares of Vinaconex Group (VCG) and Kim Long Securities (KLS), with around 2.7 million traded each.
In HCM City on July 30, overseas clients continued as net buyers of 1.2 million shares, with a net value of 65.2 billion VND (3.7 million USD). In the north, foreign investors were net buyers of 340,200 shares, worth a total of 15.6 billion VND (786,400 USD).
With this week’s declines erasing the gains of this month’s rallies, the domestic markets were not yet able to establish an overall trend and were likely to stay mixed during August, according to a report from Saigonbank Berjaya Securities Co.
Vietnam Association of Financial Investors (VAFI) general director Nguyen Hoang Hai said that domestic corporate results were one such bright spot, particularly with earnings expected to further improve during the rest of the year.
On the unlisted public company market on July 30, stocks fell across the board with Agribank Insurance Co (ABI) the only share to manage gains by the end of the day.
The UPCoM-Index closed down 1 percent to 78.97 points. The value of the day’s trades on the struggling market reached only 1.5 billion VND (84,300 USD) on a volume of just 129,300 shares./.
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