Shares reversed gains on the Ho Chi Minh Stock Exchange on October 7, with the benchmark VN-Index losing 0.06 percent to close at 614.08 points.
The VN30 Index, which tracks the bourse's 30 leading stocks, also slid by 0.49 percent to 659.16 points as losers outnumbered gainers by 18 to 6. Overall trading value reached 3.1 trillion VND (146.2 million USD) and overall trading volume reached 194.7 million shares.
PetroVietnam Gas (GAS), which ended the day up by 0.9 percent, was the main factor affecting the movement of the benchmark VN-Index. However, unlike in previous sessions, it failed to lift the index in the end.
The exchange on October 7 announced that the initial public offering of Vietnam Airlines, the national carrier, would take place on November 14 at a starting price of 22,300 VND per share.
As of September 30, Vietnam Airlines' market capitalisation was estimated at 1.48 billion USD, or three percent of the southern market's capitalisation.
Total market capitalisation has increased by 27 percent compared with that at the beginning of this year. Trading value also climbed by 16 percent from the first quarter.
On the Hanoi Stock Exchange, the HNX-Index added 0.35 percent, reaching 91.25 points. The trading value reached around 1 trillion VND (47.1 million USD), with more than 77.8 million shares changing hands.
However, the HNX30 Index, comprising the top 30 blue chips, fell by 0.08 percent to finish at 186.76 points.
Securities analysts are still positive that the market will burst by year-end. Vietcombank Securities Company analyst Quach Thuy Linh predicted the domestic market to grow by 30 percent this year.
"Oil and gas, securities, construction and logistics will be at the heart of the market in the fourth quarter," she said.-VNA
The VN30 Index, which tracks the bourse's 30 leading stocks, also slid by 0.49 percent to 659.16 points as losers outnumbered gainers by 18 to 6. Overall trading value reached 3.1 trillion VND (146.2 million USD) and overall trading volume reached 194.7 million shares.
PetroVietnam Gas (GAS), which ended the day up by 0.9 percent, was the main factor affecting the movement of the benchmark VN-Index. However, unlike in previous sessions, it failed to lift the index in the end.
The exchange on October 7 announced that the initial public offering of Vietnam Airlines, the national carrier, would take place on November 14 at a starting price of 22,300 VND per share.
As of September 30, Vietnam Airlines' market capitalisation was estimated at 1.48 billion USD, or three percent of the southern market's capitalisation.
Total market capitalisation has increased by 27 percent compared with that at the beginning of this year. Trading value also climbed by 16 percent from the first quarter.
On the Hanoi Stock Exchange, the HNX-Index added 0.35 percent, reaching 91.25 points. The trading value reached around 1 trillion VND (47.1 million USD), with more than 77.8 million shares changing hands.
However, the HNX30 Index, comprising the top 30 blue chips, fell by 0.08 percent to finish at 186.76 points.
Securities analysts are still positive that the market will burst by year-end. Vietcombank Securities Company analyst Quach Thuy Linh predicted the domestic market to grow by 30 percent this year.
"Oil and gas, securities, construction and logistics will be at the heart of the market in the fourth quarter," she said.-VNA
