Economic data fails to lift shares
Despite the release of positive economic data, the VN-Index continued its
down-ward trend on March 23, losing another 0.99 percent to end the day at
506.53.
Despite the release of positive economic data, the VN-Index continued its
down-ward trend on March 23, losing another 0.99 percent to end the day at
506.53.
Over 64 percent of codes on the HCM Stock Exchange declined, with Viettinbank (CTG), Vietcombank (VCB) and property developer Vincom Co (VIC) among the few high-profile advancers. Other gainers were mostly penny stocks.
Overall trading increased slightly, however, to 44.8 million shares, worth a combined 1.8 trillion VND (94.2 million USD). Telecommunications cable producer Viet-Han (VHG) led the southern market, with 2.6 million shares changing hands.
Real estate developer Long Hau (LHG) listed 20 million shares on the HCM City market on March 23. LHG shares hit their ceiling price of 48,000 VND on their first day of trading, with a volume of just 1,000 shares.
On the Hanoi Stock Exchange, the HNX-Index also closed off 0.85 percent to 166.97. The volume of the day’s trades reached 29.8 million shares, worth 939.3 billion VND (49.2 million USD).
Losers outnumbered gainers by 154-82 while Kim Long Securities Co (KLS) continued to be the most heavily-traded share with nearly 3.6 million traded.
The northern bourse on the same day also welcomed a new listing of 1.5 million shares of Song Da Electrical Engineering Co (SDE). SDE closed off 6 percent up from its opening price to 30,000 VND (1.57 USD) on a volume of 74,300 shares.
Foreign investors returned to being net buyers on both bourses responsible for a net buy of 866,830 shares, worth a combined 63 billion VND (3.3 million USD)./.
Over 64 percent of codes on the HCM Stock Exchange declined, with Viettinbank (CTG), Vietcombank (VCB) and property developer Vincom Co (VIC) among the few high-profile advancers. Other gainers were mostly penny stocks.
Overall trading increased slightly, however, to 44.8 million shares, worth a combined 1.8 trillion VND (94.2 million USD). Telecommunications cable producer Viet-Han (VHG) led the southern market, with 2.6 million shares changing hands.
Real estate developer Long Hau (LHG) listed 20 million shares on the HCM City market on March 23. LHG shares hit their ceiling price of 48,000 VND on their first day of trading, with a volume of just 1,000 shares.
On the Hanoi Stock Exchange, the HNX-Index also closed off 0.85 percent to 166.97. The volume of the day’s trades reached 29.8 million shares, worth 939.3 billion VND (49.2 million USD).
Losers outnumbered gainers by 154-82 while Kim Long Securities Co (KLS) continued to be the most heavily-traded share with nearly 3.6 million traded.
The northern bourse on the same day also welcomed a new listing of 1.5 million shares of Song Da Electrical Engineering Co (SDE). SDE closed off 6 percent up from its opening price to 30,000 VND (1.57 USD) on a volume of 74,300 shares.
Foreign investors returned to being net buyers on both bourses responsible for a net buy of 866,830 shares, worth a combined 63 billion VND (3.3 million USD)./.
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