Foreign investors ignore sluggish trades
The VN-Index on June 6 plunged by 2.2 percent to close at 433.81 points.
The VN-Index on June 6 plunged by 2.2 percent to close at 433.81 points.
The value and volume of trades on the HCM Stock Exchange halved from the previouss session on June 3 to 419.8 billion VND (20 million USD) on a volume of 22.9 million shares.
Losers outnumbered gainers by 117-90. Of the 10 leading shares by capitalisation, only Phu My Fertilisers (DPM), property developer Hoang Anh Gia Lai (HAG) and Sacombank (STB) closed unchanged, while food producer Masan Group (MSN) and real estate developer Vincom (VIC) hit their floor prices and five others lost between 0.9-4 per cent.
Real estate shares were also particularly active on June 6, with many reaching their ceiling prices, including Thu Duc Housing Development (TDH), Licogi (LCG), Dream House Investment (DRH), Petro Capital Infrastructure Investment (PTL) and Vien Nam Land Investment (VNI), according to analysts of ACB Securities Co, who noted that real estate shares now accounted for about 20 percent of the entire market in terms of capitalisation.
Saigon Securities Inc (SSI) continued as the most-active share, with 2 million traded.
Foreign investors were net buyers on both national bourses on the day, but their combined net buys slumped 79.4 percent from June 3 to 22.4 billion VND (1.07 million USD).
On the Hanoi Stock Exchange , the HNX-Index also declined by 0.4 percent to end the session at 73.60 points. The value slumped to 346.5 billion VND (16.5 million USD) on a volume of 30.6 million shares.
PetroVietnam Construction (PVX) was the most-active share nationwide, with 3.6 million traded./.
The value and volume of trades on the HCM Stock Exchange halved from the previouss session on June 3 to 419.8 billion VND (20 million USD) on a volume of 22.9 million shares.
Losers outnumbered gainers by 117-90. Of the 10 leading shares by capitalisation, only Phu My Fertilisers (DPM), property developer Hoang Anh Gia Lai (HAG) and Sacombank (STB) closed unchanged, while food producer Masan Group (MSN) and real estate developer Vincom (VIC) hit their floor prices and five others lost between 0.9-4 per cent.
Real estate shares were also particularly active on June 6, with many reaching their ceiling prices, including Thu Duc Housing Development (TDH), Licogi (LCG), Dream House Investment (DRH), Petro Capital Infrastructure Investment (PTL) and Vien Nam Land Investment (VNI), according to analysts of ACB Securities Co, who noted that real estate shares now accounted for about 20 percent of the entire market in terms of capitalisation.
Saigon Securities Inc (SSI) continued as the most-active share, with 2 million traded.
Foreign investors were net buyers on both national bourses on the day, but their combined net buys slumped 79.4 percent from June 3 to 22.4 billion VND (1.07 million USD).
On the Hanoi Stock Exchange , the HNX-Index also declined by 0.4 percent to end the session at 73.60 points. The value slumped to 346.5 billion VND (16.5 million USD) on a volume of 30.6 million shares.
PetroVietnam Construction (PVX) was the most-active share nationwide, with 3.6 million traded./.
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