The VN-Index slid by 1.69 percent on Feb. 9 to a close of 482.89 points, as trading on the HCM Stock Exchange remained sluggish in the final days before the Tet (Lunar New Year) holiday.
The value of the day’s trades poked its nose back above 1 trillion VND (60 million USD), but just barely, with a volume of 24.5 million shares changing hands.
Vinamilk (VNM) was the market leader, with almost 2 million shares sold, as foreign investors focused on the dairy producer by selling off 405,000 VNM shares.
On the Hanoi Stock Exchange, meanwhile, HNX-Index dropped by 1.71 percent on Feb. 9 to end the day’s session at 158.61. The value of trading reached only 426.81 billion VND (23.1 million USD) on a volume of just 13.4 million shares.
Kim Long Securities (KLS) reclaimed the biggest volume of 2.3 million.
Analysts at BIDV Securities Co said that corporate earnings were no longer having much impact on trading decisions, and investors lacked any new economic news that might affect trading.
As a result, market moves would be gradual and fluctuation would be around a tighter range,” they predicted, noting that such conditions were hostile to day-trading tactics.
Construction materials, food and beverage and consumer goods shares all remained the investment options with the greatest potential, they added./.
The value of the day’s trades poked its nose back above 1 trillion VND (60 million USD), but just barely, with a volume of 24.5 million shares changing hands.
Vinamilk (VNM) was the market leader, with almost 2 million shares sold, as foreign investors focused on the dairy producer by selling off 405,000 VNM shares.
On the Hanoi Stock Exchange, meanwhile, HNX-Index dropped by 1.71 percent on Feb. 9 to end the day’s session at 158.61. The value of trading reached only 426.81 billion VND (23.1 million USD) on a volume of just 13.4 million shares.
Kim Long Securities (KLS) reclaimed the biggest volume of 2.3 million.
Analysts at BIDV Securities Co said that corporate earnings were no longer having much impact on trading decisions, and investors lacked any new economic news that might affect trading.
As a result, market moves would be gradual and fluctuation would be around a tighter range,” they predicted, noting that such conditions were hostile to day-trading tactics.
Construction materials, food and beverage and consumer goods shares all remained the investment options with the greatest potential, they added./.
