Slumping global markets concerned over China’s slowing economic growth, an unexpected decline in US consumer confidence, and Japanese unemployment level, depressed the domestic markets on June 30, dragging down indices on both national stock exchanges.
On the HCM Stock Exchange, the VN-Index fell by 0.7 percent to close Wednesday’s session at 507.14 points. Trading volume jumped by 25 percent over Tuesday, however, to over 57.8 million shares, while the combined value of trades rose by 19 percent to 1.7 trillion VND (89.9 million USD).
The market dropped to 501 points early in June 30’s session, but the rebound of blue chips such as Phu My Fertilisers (DPM), Hoa Phat Group (HPG), Development Investment Construction Corp (DIG), Vien Dong Pharmaceuticals (DVD), and Vietnam Mechanisation Electrification and Construction (MCG) cushioned the market fall.
By closing time, decliners had outnumbered advancers by 169-46, with PetroVietnam Transportation Corp (PVT) most-active share on the bourse on a volume of 2.3 million.
On the Hanoi Stock Exchange on June 30, the HNX-Index closed off by an even more substantial 1.46 percent to 158.81 points. Nearly 40 million shares changed hands, worth a total of 1.16 trillion VND (61.4 million USD) – a decline of 10 percent in both volume and value from Tuesday’s levels.
Losers outnumbering gainers by 221-53, while PetroVietnam Construction (PVX), the most heavily-traded share on the northern bourse with a volume of nearly 3 million, lost 3.88 percent of its value to close at 29,700 VND (1.57 USD) per share.
Shares of VNECO3 Electricity Construction Co (VE3) saw their first day of listing, climbing to a price of 29,400 VND (1.56 USD) with 168,000 traded.
Foreign investors continued as net buyers on June 30 on the HCM City market, but by a reduced value of just 41 billion VND (2.2 million USD) worth of shares. They remained net sellers on the Hanoi market by a value of just 4.5 billion VND (238,095 USD)./.
On the HCM Stock Exchange, the VN-Index fell by 0.7 percent to close Wednesday’s session at 507.14 points. Trading volume jumped by 25 percent over Tuesday, however, to over 57.8 million shares, while the combined value of trades rose by 19 percent to 1.7 trillion VND (89.9 million USD).
The market dropped to 501 points early in June 30’s session, but the rebound of blue chips such as Phu My Fertilisers (DPM), Hoa Phat Group (HPG), Development Investment Construction Corp (DIG), Vien Dong Pharmaceuticals (DVD), and Vietnam Mechanisation Electrification and Construction (MCG) cushioned the market fall.
By closing time, decliners had outnumbered advancers by 169-46, with PetroVietnam Transportation Corp (PVT) most-active share on the bourse on a volume of 2.3 million.
On the Hanoi Stock Exchange on June 30, the HNX-Index closed off by an even more substantial 1.46 percent to 158.81 points. Nearly 40 million shares changed hands, worth a total of 1.16 trillion VND (61.4 million USD) – a decline of 10 percent in both volume and value from Tuesday’s levels.
Losers outnumbering gainers by 221-53, while PetroVietnam Construction (PVX), the most heavily-traded share on the northern bourse with a volume of nearly 3 million, lost 3.88 percent of its value to close at 29,700 VND (1.57 USD) per share.
Shares of VNECO3 Electricity Construction Co (VE3) saw their first day of listing, climbing to a price of 29,400 VND (1.56 USD) with 168,000 traded.
Foreign investors continued as net buyers on June 30 on the HCM City market, but by a reduced value of just 41 billion VND (2.2 million USD) worth of shares. They remained net sellers on the Hanoi market by a value of just 4.5 billion VND (238,095 USD)./.
