Increased foreign investor interest in blue chips on July 29 helpedrescue the HCM Stock Exchange from another decline, with the VN-Indexclosing flat at 491.11 points.
Gainers outnumbereddecliners on the HCM City exchange by 100-96, with 58 codesremaining unchanged. Vinh Son-Song Hinh Hydropower Co (VSH), themost-active share on a volume of 1.6 million, slid 3.9 percent to closeat 12,300 VND (0.65 USD).
Overall market volume fell tojust 37.1 million shares worth a combined nearly 1.1 trillion VND (57.9million USD) – a decline of 20 percent in both volume and value.
The VN-Index immediately sank below 490 upon the opening of trading onJuly 29, but heavy buys by foreign investors, particularly in majorshares, helped lift the market in the latter half of the session.
Foreign investors bought in 64 codes on a volume of nearly 3.2 millionshares, accounting for 9.14 percent of market volume. They purchasedover 587,000 shares of software giant FPT, nearly 410,000 of Tan TaoInvestment Industry Co (ITA), over 294,000 of Saigon Securities Inc(SSI), over 290,000 of Phu My Fertilisers, and 244,500 of PetroVietnamDrilling (PVD).
Overall, however, foreign investors bought a net of just 850,000 shares, worth about 8 billion VND (421,000 USD).
On the Hanoi Stock Exchange, the HNX-Index bounced from a three-daylosing streak to end the session on July 29 at nearly 153 points, a gainof 0.4 percent over July 28's close.
Volume and value onthe nothern bourse surpassed those on the HCM City exchange, withtrades totalling 1.28 trillion VND (67.4 million USD) on a volume ofover 46.3 million shares, an increase of 28 percent in value and 34percent in volume over the previous day. Advancers were double declinerson brisk trading, as many investors returned to buying on the hope ofnetting cheap stocks.
PetroVietnam Construction (PVX)became the most-active share nationwide with a whopping 8.3 millionshares traded. PVX closed down 2.26 percent to26,000 VND (1.37 USD).
Foreign investors were net sellers on the Hanoi bourse, selling 400 million VND (21,500 USD) worth of shares.
The Hanoi bourse on July 29 also welcomed the listing of Kien GiangBrick and Tile Co (KBT), which closed unchanged at 22,000 VND (1.16 USD)on a volume of 69,000 shares./.
Gainers outnumbereddecliners on the HCM City exchange by 100-96, with 58 codesremaining unchanged. Vinh Son-Song Hinh Hydropower Co (VSH), themost-active share on a volume of 1.6 million, slid 3.9 percent to closeat 12,300 VND (0.65 USD).
Overall market volume fell tojust 37.1 million shares worth a combined nearly 1.1 trillion VND (57.9million USD) – a decline of 20 percent in both volume and value.
The VN-Index immediately sank below 490 upon the opening of trading onJuly 29, but heavy buys by foreign investors, particularly in majorshares, helped lift the market in the latter half of the session.
Foreign investors bought in 64 codes on a volume of nearly 3.2 millionshares, accounting for 9.14 percent of market volume. They purchasedover 587,000 shares of software giant FPT, nearly 410,000 of Tan TaoInvestment Industry Co (ITA), over 294,000 of Saigon Securities Inc(SSI), over 290,000 of Phu My Fertilisers, and 244,500 of PetroVietnamDrilling (PVD).
Overall, however, foreign investors bought a net of just 850,000 shares, worth about 8 billion VND (421,000 USD).
On the Hanoi Stock Exchange, the HNX-Index bounced from a three-daylosing streak to end the session on July 29 at nearly 153 points, a gainof 0.4 percent over July 28's close.
Volume and value onthe nothern bourse surpassed those on the HCM City exchange, withtrades totalling 1.28 trillion VND (67.4 million USD) on a volume ofover 46.3 million shares, an increase of 28 percent in value and 34percent in volume over the previous day. Advancers were double declinerson brisk trading, as many investors returned to buying on the hope ofnetting cheap stocks.
PetroVietnam Construction (PVX)became the most-active share nationwide with a whopping 8.3 millionshares traded. PVX closed down 2.26 percent to26,000 VND (1.37 USD).
Foreign investors were net sellers on the Hanoi bourse, selling 400 million VND (21,500 USD) worth of shares.
The Hanoi bourse on July 29 also welcomed the listing of Kien GiangBrick and Tile Co (KBT), which closed unchanged at 22,000 VND (1.16 USD)on a volume of 69,000 shares./.
