Slumping global markets concerned over China’s slowing economic growth,an unexpected decline in US consumer confidence, and Japaneseunemployment level, depressed the domestic markets on June 30, draggingdown indices on both national stock exchanges.
Onthe HCM Stock Exchange, the VN-Index fell by 0.7 percent to closeWednesday’s session at 507.14 points. Trading volume jumped by 25percent over Tuesday, however, to over 57.8 million shares, while thecombined value of trades rose by 19 percent to 1.7 trillion VND (89.9million USD).
The market dropped to 501 points earlyin June 30’s session, but the rebound of blue chips such as Phu MyFertilisers (DPM), Hoa Phat Group (HPG), Development InvestmentConstruction Corp (DIG), Vien Dong Pharmaceuticals (DVD), and VietnamMechanisation Electrification and Construction (MCG) cushioned themarket fall.
By closing time, decliners hadoutnumbered 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-Indexclosed 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 trillionVND (61.4 million USD) – a decline of 10 percent in both volume andvalue from Tuesday’s levels.
Losers outnumberinggainers by 221-53, while PetroVietnam Construction (PVX), the mostheavily-traded share on the northern bourse with a volume of nearly 3million, lost 3.88 percent of its value to close at 29,700 VND (1.57USD) per share.
Shares of VNECO3 ElectricityConstruction Co (VE3) saw their first day of listing, climbing to aprice of 29,400 VND (1.56 USD) with 168,000 traded.
Foreign investors continued as net buyers on June 30 on the HCM Citymarket, 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 avalue of just 4.5 billion VND (238,095 USD)./.
Onthe HCM Stock Exchange, the VN-Index fell by 0.7 percent to closeWednesday’s session at 507.14 points. Trading volume jumped by 25percent over Tuesday, however, to over 57.8 million shares, while thecombined value of trades rose by 19 percent to 1.7 trillion VND (89.9million USD).
The market dropped to 501 points earlyin June 30’s session, but the rebound of blue chips such as Phu MyFertilisers (DPM), Hoa Phat Group (HPG), Development InvestmentConstruction Corp (DIG), Vien Dong Pharmaceuticals (DVD), and VietnamMechanisation Electrification and Construction (MCG) cushioned themarket fall.
By closing time, decliners hadoutnumbered 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-Indexclosed 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 trillionVND (61.4 million USD) – a decline of 10 percent in both volume andvalue from Tuesday’s levels.
Losers outnumberinggainers by 221-53, while PetroVietnam Construction (PVX), the mostheavily-traded share on the northern bourse with a volume of nearly 3million, lost 3.88 percent of its value to close at 29,700 VND (1.57USD) per share.
Shares of VNECO3 ElectricityConstruction Co (VE3) saw their first day of listing, climbing to aprice of 29,400 VND (1.56 USD) with 168,000 traded.
Foreign investors continued as net buyers on June 30 on the HCM Citymarket, 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 avalue of just 4.5 billion VND (238,095 USD)./.
