Selling pressure in the latter half of July 27's session depressed share prices on the HCM Stock Exchange, with the VN-Index treading water at 498 points.
Value of the day's trades rose 8 percent from the previous day's level, totalling 1.34 trillion VND (70.5 million USD) on a volume of nearly 42.8 million.
The VN-Index climbed over 500 points in the first 30 minutes of trading on a rumour of the State Bank's lowering prime interest rate in August. However, profit taking caused shares to tumble in the latter half, with losers outnumbering gainers by 148-65.
The State Bank of Vietnam announced late July 27 to keep the prime rate at 8 percent for August.
Among blue-chips, only FPT Corp closed at the ceiling price thanks to a purchase by foreign investors of 500,000 FPT shares out of 944,000 traded.
Sacombank (STB), the most active share on a volume of over 3 million, accounting for 7.4 percent of the total market volume, slid 0.57 percent to close at 17,400 VND (0.92 USD).
Despite rallies on global markets, especially in the US thanks to positive corporate earnings in the first half, local investor confidence continued to decline due to below-expected profits resulted from low capital flows into the stock market.
On the Hanoi Stock Exchange, the HNX-Index sank to a six-week low of 154.92. Meanwhile, trading value rose lightly to over 879 billion VND (46.3 million USD) on a volume of over 31 million shares.
Decliners outnumbered advancers by 197-84. Kim Long Securities (KLS), the most active share with 2.2 million shares changing hands, was the only blue-chip closing high at 17,700 VND (0.93 USD), a gain of 1.14 percent.
Foreign investors were net sellers on the HCM City bourse by 1.5 million shares worth 11 billion VND (580,000 USD). By contrast, they were net buyers on the Hanoi bourse with a 41,000 shares, worth nearly 1.6 billion VND (84,200 USD)./.
Value of the day's trades rose 8 percent from the previous day's level, totalling 1.34 trillion VND (70.5 million USD) on a volume of nearly 42.8 million.
The VN-Index climbed over 500 points in the first 30 minutes of trading on a rumour of the State Bank's lowering prime interest rate in August. However, profit taking caused shares to tumble in the latter half, with losers outnumbering gainers by 148-65.
The State Bank of Vietnam announced late July 27 to keep the prime rate at 8 percent for August.
Among blue-chips, only FPT Corp closed at the ceiling price thanks to a purchase by foreign investors of 500,000 FPT shares out of 944,000 traded.
Sacombank (STB), the most active share on a volume of over 3 million, accounting for 7.4 percent of the total market volume, slid 0.57 percent to close at 17,400 VND (0.92 USD).
Despite rallies on global markets, especially in the US thanks to positive corporate earnings in the first half, local investor confidence continued to decline due to below-expected profits resulted from low capital flows into the stock market.
On the Hanoi Stock Exchange, the HNX-Index sank to a six-week low of 154.92. Meanwhile, trading value rose lightly to over 879 billion VND (46.3 million USD) on a volume of over 31 million shares.
Decliners outnumbered advancers by 197-84. Kim Long Securities (KLS), the most active share with 2.2 million shares changing hands, was the only blue-chip closing high at 17,700 VND (0.93 USD), a gain of 1.14 percent.
Foreign investors were net sellers on the HCM City bourse by 1.5 million shares worth 11 billion VND (580,000 USD). By contrast, they were net buyers on the Hanoi bourse with a 41,000 shares, worth nearly 1.6 billion VND (84,200 USD)./.
