HCM City shares gain as Hanoi slides

Shares reversed losses in Ho Chi Minh City on July 26 but continued to lose ground for a third straight day in Hanoi.

Shares reversed losses in Ho Chi Minh City on July 26 but continued to lose ground for a third straight day in Hanoi.

On the HCM City Stock Exchange, the VN-Index gained 0.44 percent to493.93 points. Trading value increased slightly compared to the previoustrading day to over 1 trillion VND (47.1 million USD). Around 43.4million shares were traded.

Among the 30 largest stocks on thebourse, only Kinh Do Confectionery (KDC) managed to advance in themorning session, but by the end of July 26, a third of the stocks closedin the green, seven lost value and 13 closed unchanged.

The VN30 rose more than 0.1 percent to close at 544.88 points.

On the Hanoi Stock Exchange, the HNX-Index fell another 0.3 percent to61.33 points. The HNX30, tracking the capital city's 30 leading stocks,also dropped 0.14 percent, reaching 114.91 points.

Tradingvalue and volume on the bourse were 163.5 billion VND (7.7 million USD)and 22.56 million shares, respectively. The figures rose nearly 20percent over July 25’s level.

Foreign transactions reboundedwith a selling trend. Foreign investors were net sellers for threesuccessive sessions with large-cap stocks falling out of favour,including Saigon Securities Inc (SSI), PetroVietnam Finance (PVF),private equity group Masan (MSN), Sai Gon – Hanoi Bank (SHB) and OceanGroup (OGC). The total net value reached 52 billion VND (2.4 millionUSD).-VNA

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