Foreign investors boost blue chips
Increased foreign investor interest in blue chips on July 29 helped
rescue the HCM Stock Exchange from another decline, with the VN-Index
closing flat at 491.11 points.
Increased foreign investor interest in blue chips on July 29 helped
rescue the HCM Stock Exchange from another decline, with the VN-Index
closing flat at 491.11 points.
Gainers outnumbered decliners on the HCM City exchange by 100-96, with 58 codes remaining unchanged. Vinh Son-Song Hinh Hydropower Co (VSH), the most-active share on a volume of 1.6 million, slid 3.9 percent to close at 12,300 VND (0.65 USD).
Overall market volume fell to just 37.1 million shares worth a combined nearly 1.1 trillion VND (57.9 million USD) – a decline of 20 percent in both volume and value.
The VN-Index immediately sank below 490 upon the opening of trading on July 29, but heavy buys by foreign investors, particularly in major shares, helped lift the market in the latter half of the session.
Foreign investors bought in 64 codes on a volume of nearly 3.2 million shares, accounting for 9.14 percent of market volume. They purchased over 587,000 shares of software giant FPT, nearly 410,000 of Tan Tao Investment Industry Co (ITA), over 294,000 of Saigon Securities Inc (SSI), over 290,000 of Phu My Fertilisers, and 244,500 of PetroVietnam Drilling (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-day losing streak to end the session on July 29 at nearly 153 points, a gain of 0.4 percent over July 28's close.
Volume and value on the nothern bourse surpassed those on the HCM City exchange, with trades totalling 1.28 trillion VND (67.4 million USD) on a volume of over 46.3 million shares, an increase of 28 percent in value and 34 percent in volume over the previous day. Advancers were double decliners on brisk trading, as many investors returned to buying on the hope of netting cheap stocks.
PetroVietnam Construction (PVX) became the most-active share nationwide with a whopping 8.3 million shares 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 Giang Brick and Tile Co (KBT), which closed unchanged at 22,000 VND (1.16 USD) on a volume of 69,000 shares./.
Gainers outnumbered decliners on the HCM City exchange by 100-96, with 58 codes remaining unchanged. Vinh Son-Song Hinh Hydropower Co (VSH), the most-active share on a volume of 1.6 million, slid 3.9 percent to close at 12,300 VND (0.65 USD).
Overall market volume fell to just 37.1 million shares worth a combined nearly 1.1 trillion VND (57.9 million USD) – a decline of 20 percent in both volume and value.
The VN-Index immediately sank below 490 upon the opening of trading on July 29, but heavy buys by foreign investors, particularly in major shares, helped lift the market in the latter half of the session.
Foreign investors bought in 64 codes on a volume of nearly 3.2 million shares, accounting for 9.14 percent of market volume. They purchased over 587,000 shares of software giant FPT, nearly 410,000 of Tan Tao Investment Industry Co (ITA), over 294,000 of Saigon Securities Inc (SSI), over 290,000 of Phu My Fertilisers, and 244,500 of PetroVietnam Drilling (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-day losing streak to end the session on July 29 at nearly 153 points, a gain of 0.4 percent over July 28's close.
Volume and value on the nothern bourse surpassed those on the HCM City exchange, with trades totalling 1.28 trillion VND (67.4 million USD) on a volume of over 46.3 million shares, an increase of 28 percent in value and 34 percent in volume over the previous day. Advancers were double decliners on brisk trading, as many investors returned to buying on the hope of netting cheap stocks.
PetroVietnam Construction (PVX) became the most-active share nationwide with a whopping 8.3 million shares 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 Giang Brick and Tile Co (KBT), which closed unchanged at 22,000 VND (1.16 USD) on a volume of 69,000 shares./.
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