Shares lost momentum after the morning session, with most indices declining.
Onthe Hochiminh Stock Exchange, the VN-Index fell 0.08 percent to closeat 602.12 points. The VN30 Index, representing the 30 largest stocks interms of capitalisation and liquidity, managed to add 0.02 percent toclose at 642.90 points.
The total value of transactions was 2.9 trillion VND (136.7 million USD) on volume of 138.8 million shares.
Manyinfluential stocks such as PetroVietnam Gas (GAS), Military Bank (MBB),Masan Group (MSN), Mobile World (MWG) and Vinamilk (VNM) failed toadvance. However, liquidity improved and a series of large- and mid-capstocks continued to rally, preventing the VN-Index from falling toofast.
The fluctuations were not large, while liquidity remainedrelatively stable, leading FPT Securities Co's analysts to predict thatthe index would continue to move around 600 points. They recommendedthat in the short term, investors consider buying shares with supportiveinformation.
"Meanwhile, the long-term prospects are positive,"they added. "A deep falling session will be the right time forlong-term investors to buy."
On the Hanoi Stock Exchange, thebenchmark HNX-Index also fell 0.04 percent to 89.51 points. Over 68million shares changed hands as trading value hit 989.2 billion VND(46.6 million USD).
As on the southern bourse, blue chips helped the HNX30 Index gain 0.27 percent to close at 180.62 points.
Foreigninvestors sold 53.3 billion VND (2.5 million USD) on both exchanges,focusing on MSN, Vietcombank (VCB), steelmakers Hoa Sen (HSG) and HoaPhat (HPG), property developer Vingroup (VIC), Vietnam InvestmentSecurities (IVS) and Drilling Mud Corporation (PVC).-VNA
Onthe Hochiminh Stock Exchange, the VN-Index fell 0.08 percent to closeat 602.12 points. The VN30 Index, representing the 30 largest stocks interms of capitalisation and liquidity, managed to add 0.02 percent toclose at 642.90 points.
The total value of transactions was 2.9 trillion VND (136.7 million USD) on volume of 138.8 million shares.
Manyinfluential stocks such as PetroVietnam Gas (GAS), Military Bank (MBB),Masan Group (MSN), Mobile World (MWG) and Vinamilk (VNM) failed toadvance. However, liquidity improved and a series of large- and mid-capstocks continued to rally, preventing the VN-Index from falling toofast.
The fluctuations were not large, while liquidity remainedrelatively stable, leading FPT Securities Co's analysts to predict thatthe index would continue to move around 600 points. They recommendedthat in the short term, investors consider buying shares with supportiveinformation.
"Meanwhile, the long-term prospects are positive,"they added. "A deep falling session will be the right time forlong-term investors to buy."
On the Hanoi Stock Exchange, thebenchmark HNX-Index also fell 0.04 percent to 89.51 points. Over 68million shares changed hands as trading value hit 989.2 billion VND(46.6 million USD).
As on the southern bourse, blue chips helped the HNX30 Index gain 0.27 percent to close at 180.62 points.
Foreigninvestors sold 53.3 billion VND (2.5 million USD) on both exchanges,focusing on MSN, Vietcombank (VCB), steelmakers Hoa Sen (HSG) and HoaPhat (HPG), property developer Vingroup (VIC), Vietnam InvestmentSecurities (IVS) and Drilling Mud Corporation (PVC).-VNA
