Data dwindle stunts Vietnamese markets
Stocks opened the new trading week down on Nov. 19, with both bourses losing value following a lack of positive data.
Stocks opened the new trading week down on Nov. 19, with both bourses losing value following a lack of positive data.
Most businesses have already announced their third-quarter results, and so there was little news to rally the market during coming weeks, according to analysts from Bao Viet Securities Co.
The benchmark VN-Index edged down 0.62 percent to close the day at 383.32 points but trading value rose 25.5 percent over the previous session on Nov. 16 to 378.3 billion VND (18.1 million USD) on a total volume of over 22.5 million shares.
Blue chips led the market downturn as two thirds of the top 30 shares on the southern bourse tumbled, driving the VN30 down 0.73 percent to 452.36 points.
Software giant FPT Corp (FPT), Military Bank (MBB), Vietcombank (VCB), property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) declined from 1.2-2.4 percent.
MBB with nearly 1.77 million shares changing hand was still the most active code by the end of the day, but the share fell harder during the afternoon with a loss of 2.4 percent to 12,000 VND a share (0.57 USD).
On the Hanoi Stock Exchange, the HNX-Index closed 0.69 percent off at 51.45 points on a low value of just 140.46 billion VND (6.7 million USD).
With a whopping volume of nearly 5.8 million shares exchanged, real estate arm of Sacombank, Sacomreal (SCR), became the most active code. The shares rose 4.8 percent to 4,400 VND a share.
Foreign investors also unloaded shares on Nov. 19, responsible for a combined net sell of almost 24 billion VND (1.15 million USD) worth of shares.-VNA
Most businesses have already announced their third-quarter results, and so there was little news to rally the market during coming weeks, according to analysts from Bao Viet Securities Co.
The benchmark VN-Index edged down 0.62 percent to close the day at 383.32 points but trading value rose 25.5 percent over the previous session on Nov. 16 to 378.3 billion VND (18.1 million USD) on a total volume of over 22.5 million shares.
Blue chips led the market downturn as two thirds of the top 30 shares on the southern bourse tumbled, driving the VN30 down 0.73 percent to 452.36 points.
Software giant FPT Corp (FPT), Military Bank (MBB), Vietcombank (VCB), property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) declined from 1.2-2.4 percent.
MBB with nearly 1.77 million shares changing hand was still the most active code by the end of the day, but the share fell harder during the afternoon with a loss of 2.4 percent to 12,000 VND a share (0.57 USD).
On the Hanoi Stock Exchange, the HNX-Index closed 0.69 percent off at 51.45 points on a low value of just 140.46 billion VND (6.7 million USD).
With a whopping volume of nearly 5.8 million shares exchanged, real estate arm of Sacombank, Sacomreal (SCR), became the most active code. The shares rose 4.8 percent to 4,400 VND a share.
Foreign investors also unloaded shares on Nov. 19, responsible for a combined net sell of almost 24 billion VND (1.15 million USD) worth of shares.-VNA
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