Both local bourses slid on July 20 as gas shares declined afterVietnam Oil and Gas Group (PetroVietnam or PVN)'s leading positionchanged.
The decline in gas shares affected all other shares onthe market, including bank and insurance shares, thus driving the marketdown.
Big gas shares such as Petrovietnam Gas Corporation (GAS),Petrovietnam Drilling and Well Service Corporation (PVD) on thesouthern bourse, Petroleum Technical Services Corporation (PVS) andDrilling Mud Corporation (PVC) on the northern market fell from theirprevious values.
However, market liquidity improved in comparisonto July 18 with a total of 175.5 million shares traded on both markets,worth 2.76 trillion VND (128 million USD).
Both bourses declined with a total of 131 advancing codes, 259 declining ones and 276 flat ones.
On the Hochiminh Stock Exchange, the VN Index lost eight points or 1.29 percent to end at 620.54 points.
Thefall in gas codes also shut down insurers' rises, such as BIDVInsurance Corporation (BIC), Bao Minh Insurance Corporation (BMI) andBao Viet Holdings (BVH). BIC lost 5.77 percent while BVH dropped by 5.42percent.
Vietinbank (CTG) was the only bank code that made gainsyesterday, with an increase of 1.83 percent to end at 22,200 VND. Otherbanks recorded losses in their market values, such as the Bank forInvestment and Development of Vietnam (BID) and Vietcombank (VCB), whichfell 1.57 and 3.13 percent, respectively.
However, some securities shares and other shares such as Ocean Group Corporation (OGC) had positive performances.
Despitebeing tradable only in the afternoon, OGC was the most active code onthe market with nearly 10 million shares traded. OGC also continued tohit the ceiling value, gaining 3.85 per cent at the end of the previoussession.
Some large-cap securities shares recovered, helpingprevent a deeper market descent. HCM City Securities Corporation (HCM)and Sai Gon Securities Incorporation (SSI) were up 0.8 percent and 0.77percent at the end of the session.
On the Hanoi Stock Exchange, the HNX Index extended its loss by 1.31 percent to finish at 85.93 points.
Unlike the southern bourse, Hanoi continued its slump as all leading shares on the market slid compared with the previous day.
Bank shares and securities shares also fell, affecting the market.
SaiGon-Hanoi Bank (SHB) was the most dynamic code on the market with morethan 5 million of its shares traded. But SHB declined 3.33 percent.
Insurancecodes declined the most among leading shares. PVI Holdings (PVI) andPost & Telecommunication Joint Stock Insurance Corporation (PTI)lost 9.22 and 8.29 percent to end at 19,700 VND and 17,700 VND pershare.
Foreign investors returned to be net buyers, totaling22.68 billion VND (1.05 million USD) while being recorded as net sellerson July 18 with a total value of 24.11 billion VND (1.11 millionUSD).-VNA
The decline in gas shares affected all other shares onthe market, including bank and insurance shares, thus driving the marketdown.
Big gas shares such as Petrovietnam Gas Corporation (GAS),Petrovietnam Drilling and Well Service Corporation (PVD) on thesouthern bourse, Petroleum Technical Services Corporation (PVS) andDrilling Mud Corporation (PVC) on the northern market fell from theirprevious values.
However, market liquidity improved in comparisonto July 18 with a total of 175.5 million shares traded on both markets,worth 2.76 trillion VND (128 million USD).
Both bourses declined with a total of 131 advancing codes, 259 declining ones and 276 flat ones.
On the Hochiminh Stock Exchange, the VN Index lost eight points or 1.29 percent to end at 620.54 points.
Thefall in gas codes also shut down insurers' rises, such as BIDVInsurance Corporation (BIC), Bao Minh Insurance Corporation (BMI) andBao Viet Holdings (BVH). BIC lost 5.77 percent while BVH dropped by 5.42percent.
Vietinbank (CTG) was the only bank code that made gainsyesterday, with an increase of 1.83 percent to end at 22,200 VND. Otherbanks recorded losses in their market values, such as the Bank forInvestment and Development of Vietnam (BID) and Vietcombank (VCB), whichfell 1.57 and 3.13 percent, respectively.
However, some securities shares and other shares such as Ocean Group Corporation (OGC) had positive performances.
Despitebeing tradable only in the afternoon, OGC was the most active code onthe market with nearly 10 million shares traded. OGC also continued tohit the ceiling value, gaining 3.85 per cent at the end of the previoussession.
Some large-cap securities shares recovered, helpingprevent a deeper market descent. HCM City Securities Corporation (HCM)and Sai Gon Securities Incorporation (SSI) were up 0.8 percent and 0.77percent at the end of the session.
On the Hanoi Stock Exchange, the HNX Index extended its loss by 1.31 percent to finish at 85.93 points.
Unlike the southern bourse, Hanoi continued its slump as all leading shares on the market slid compared with the previous day.
Bank shares and securities shares also fell, affecting the market.
SaiGon-Hanoi Bank (SHB) was the most dynamic code on the market with morethan 5 million of its shares traded. But SHB declined 3.33 percent.
Insurancecodes declined the most among leading shares. PVI Holdings (PVI) andPost & Telecommunication Joint Stock Insurance Corporation (PTI)lost 9.22 and 8.29 percent to end at 19,700 VND and 17,700 VND pershare.
Foreign investors returned to be net buyers, totaling22.68 billion VND (1.05 million USD) while being recorded as net sellerson July 18 with a total value of 24.11 billion VND (1.11 millionUSD).-VNA
