Selling pressure in the latter half of July 27's session depressed shareprices on the HCM Stock Exchange, with the VN-Index treading water at498 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 nearly42.8 million.
The VN-Index climbed over 500 pointsin the first 30 minutes of trading on a rumour of the State Bank'slowering prime interest rate in August. However, profit taking causedshares to tumble in the latter half, with losers outnumbering gainers by148-65.
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 apurchase by foreign investors of 500,000 FPT shares out of 944,000traded.
Sacombank (STB), the most active share on avolume of over 3 million, accounting for 7.4 percent of the total marketvolume, slid 0.57 percent to close at 17,400 VND (0.92 USD).
Despite rallies on global markets, especially in the US thanks topositive corporate earnings in the first half, local investor confidencecontinued to decline due to below-expected profits resulted from lowcapital flows into the stock market.
On the HanoiStock Exchange, the HNX-Index sank to a six-week low of 154.92.Meanwhile, trading value rose lightly to over 879 billion VND (46.3million 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 theonly blue-chip closing high at 17,700 VND (0.93 USD), a gain of 1.14percent.
Foreign investors were net sellers on theHCM City bourse by 1.5 million shares worth 11 billion VND (580,000USD). By contrast, they were net buyers on the Hanoi bourse with a41,000 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 nearly42.8 million.
The VN-Index climbed over 500 pointsin the first 30 minutes of trading on a rumour of the State Bank'slowering prime interest rate in August. However, profit taking causedshares to tumble in the latter half, with losers outnumbering gainers by148-65.
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 apurchase by foreign investors of 500,000 FPT shares out of 944,000traded.
Sacombank (STB), the most active share on avolume of over 3 million, accounting for 7.4 percent of the total marketvolume, slid 0.57 percent to close at 17,400 VND (0.92 USD).
Despite rallies on global markets, especially in the US thanks topositive corporate earnings in the first half, local investor confidencecontinued to decline due to below-expected profits resulted from lowcapital flows into the stock market.
On the HanoiStock Exchange, the HNX-Index sank to a six-week low of 154.92.Meanwhile, trading value rose lightly to over 879 billion VND (46.3million 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 theonly blue-chip closing high at 17,700 VND (0.93 USD), a gain of 1.14percent.
Foreign investors were net sellers on theHCM City bourse by 1.5 million shares worth 11 billion VND (580,000USD). By contrast, they were net buyers on the Hanoi bourse with a41,000 shares, worth nearly 1.6 billion VND (84,200 USD)./.
