Global fears weigh on indices

Indices fell on both domestic stock exchanges last week as investors continued to feel concern over the uncertainty of global markets.
Indices fell on both domestic stock exchanges last week as investors continued to feel concern over the uncertainty of global markets.

On the HCM Stock Exchange, the VN-Index lost 0.29 percent from the previous week’s close to end July 2’s session at 503.65 points. Trading volumes and values also each declined by about 21 percent, with an average of only 42 million shares changing hands per day, worth an average of 1.2 trillion VND (65 million USD).

On the Hanoi Stock Exchange, the HNX-Index dropped by an even more substantial 1.25 percent on the week to a close on July 2 of 158.39 points. Daily trading volume also dropped by over 25 percent to reach 30.7 million shares, worth an average of just over 1 trillion VND (52.6 million USD) per day.

Foreign investors were responsible for a net purchase of 310 billion VND (16.3 million USD) worth of shares on the HCM City market last week. Maxan Group (MSN) was the share most sought by foreign investors, who were responsible for over a million MSN shares changing hands.

By contrast, foreign investors were net sellers on the Hanoi market last week by a net total of nearly 25 billion VND (1.3 million USD)./.

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