The Vietnamese stock market started the week on a negative note asbenchmark indices on both national exchanges declined on July 26 despiterallies on global markets.
On the HCM Stock Exchange,the VN-Index sank below the 500 points to close on July 26 at 498.1,posting a loss of 0.44 percent over July 23's close. However, tradingvolume rose 7 percent to over 42 million shares, worth a combined 1.23trillion VND (64.7 million USD).
Decliners outnumberedadvancers by 141-56, with blue-chips leading the market slump. Bank andfinance shares declined with Vietcombank (VCB) sinking 2.11 percent;Vietinbank (CTG), down 0.79 percent; Eximbank (EIB), down 0.52 percentand Saigon Securities Inc (SSI) with a loss of 0.9 percent.
Trading in property shares was also sluggish, including Investment andTrading of Real Estate (ITC) dropping 2.97 percent; Vincom (VIC), down1.45 percent; Song Da Urban and Industrial Zone Investment andDevelopment (SJS), down 0.66 percent; and Tu Liem Urban Development(NTL), off 1.28 percent
Sacombank (STB), the most activeshare on a volume of over 2 million shares traded, was among few sharesclosing high, with a gain of 0.57 percent to 17,500 VND (0.92 USD).
The HCM City bourse on July 27 welcomed two new listings ofDream House Investment Corp (DHR) and Vung Tau Real Estate andConstruction Co (VRC). DHR rose 10 percent from the reference price to18,700 VND (0.98 USD) on a volume of over 528,000 shares while VRCjumped 20 percent to 43,200 VND (2.27 USD) with nearly 469,000 traded.
Credit growth in the first six months of this year reached 10.52 percent while loans in Vietnamese dong rose only 4.6 percent.
On the Ha Noi Stock Exchange, the HNX-Index shed 1.45 percent to end onJuly 26 at 155.7. Trading volume fell by 12 percent from July 23'slevel to 29 million shares, worth a total of 873 billion VND (46 millionUSD).
Losers outnumbered gainers by 217-61, with Kim LongSecurities (KLS), the most active share on the volume of 1.4 million,sinking 1.68 percent to 17,500 VND (0.92 USD).
Foreigninvestors concluded on July 26 as net buyers by volume of only 15,000shares on the HCM City market while they were net sellers by value, for atotal of 782 million VND (41,160 USD). They were net buyers on the HaNoi market, for a value of 1.3 billion VND (6.8 million USD)./.
On the HCM Stock Exchange,the VN-Index sank below the 500 points to close on July 26 at 498.1,posting a loss of 0.44 percent over July 23's close. However, tradingvolume rose 7 percent to over 42 million shares, worth a combined 1.23trillion VND (64.7 million USD).
Decliners outnumberedadvancers by 141-56, with blue-chips leading the market slump. Bank andfinance shares declined with Vietcombank (VCB) sinking 2.11 percent;Vietinbank (CTG), down 0.79 percent; Eximbank (EIB), down 0.52 percentand Saigon Securities Inc (SSI) with a loss of 0.9 percent.
Trading in property shares was also sluggish, including Investment andTrading of Real Estate (ITC) dropping 2.97 percent; Vincom (VIC), down1.45 percent; Song Da Urban and Industrial Zone Investment andDevelopment (SJS), down 0.66 percent; and Tu Liem Urban Development(NTL), off 1.28 percent
Sacombank (STB), the most activeshare on a volume of over 2 million shares traded, was among few sharesclosing high, with a gain of 0.57 percent to 17,500 VND (0.92 USD).
The HCM City bourse on July 27 welcomed two new listings ofDream House Investment Corp (DHR) and Vung Tau Real Estate andConstruction Co (VRC). DHR rose 10 percent from the reference price to18,700 VND (0.98 USD) on a volume of over 528,000 shares while VRCjumped 20 percent to 43,200 VND (2.27 USD) with nearly 469,000 traded.
Credit growth in the first six months of this year reached 10.52 percent while loans in Vietnamese dong rose only 4.6 percent.
On the Ha Noi Stock Exchange, the HNX-Index shed 1.45 percent to end onJuly 26 at 155.7. Trading volume fell by 12 percent from July 23'slevel to 29 million shares, worth a total of 873 billion VND (46 millionUSD).
Losers outnumbered gainers by 217-61, with Kim LongSecurities (KLS), the most active share on the volume of 1.4 million,sinking 1.68 percent to 17,500 VND (0.92 USD).
Foreigninvestors concluded on July 26 as net buyers by volume of only 15,000shares on the HCM City market while they were net sellers by value, for atotal of 782 million VND (41,160 USD). They were net buyers on the HaNoi market, for a value of 1.3 billion VND (6.8 million USD)./.
