Investor caution lowers City shares
Shares tumbled in Ho Chi Minh City while advancing on the Hanoi Exchange on November 8.
Shares tumbled in Ho Chi Minh City while advancing on the Hanoi Exchange on November 8.
The VN-Index on the HCM City Stock Exchange lost 0.25 points to end at 498.61 points.
Overall, 104 codes managed to edge up on November 8, overwhelming losers which numbered 94, failing to support the benchmark indices, however.
The southern bourse saw lower liquidity than November 7 trading session with 72.79 million shares traded, dropping 31 percent.
The total trading value reached 920.79 billion VND (43.84 million USD), a decrease of 28 percent over the previous trading day.
The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, shed 0.42 percent to land at 556.78 points, with decliners outnumbering advancers by 16-6.
Six gainers included technology company FPT (FPT), Hoang Anh Gia Lai Group (HAG), Pha Lai Thermoelectric Plant (PPC), Bourbon Tay Ninh (SBT), Saigon Securities (SSI) and Becamex (IJC) which earned between 100 VND (0.0047 USD) and 400 VND (0.019 USD) per share.
PetroVietnam Drilling (PVD) closed 1,500 VND lower at 64,000 VND (3.04 USD) per share, PetroVietnam Low Pressure Gas Distribution (PVD) lost 600 VND (0.028 USD) per share to 30,700 VND (1.46 USD).
Other losers included big names such as Bao Viet Group (BVH), Hoa Sen Group (HSG), Sacombank (STB), Vingroup (VIC) and Vinamilk (VNM).
Becamex (IJC) led the bourse in liquidity on November 8 with 3.77 million shares changing hands.
According to FPT Securities, cash flow on November 8 was not poured into penny and small cap groups as strongly as in previous trading days and investors became more cautious.
TheVN-Index was still in a sideways trend as blue chips still failed to regain their attraction, the company said.
Despite the decline in the southern bourse, the HNX-Index on the Hanoi Stock Exchange rose 0.22 percent to 63.29 points with gainers overwhelming losers by 110-86.
With more than 38.9 million shares changing hands, the total value reached 276.93 billion VND (13.18 million USD).
The HNX30-Index, composed of the capital city's largest shares, closed 0.58 percent higher on November 8 to reach 119.14 points.
Foreign buyers concluded as net buyers with a net value of 150.9 billion VND (7.18 million USD), with focus on shares of the real estate sector such as Sai Gon Water Infrastructure (SII), Becamex (IJC), Tu Liem Urban Development (NTL), Licogi 16 (LCG), Kinh Bac Urban Development (KBC)./.
The VN-Index on the HCM City Stock Exchange lost 0.25 points to end at 498.61 points.
Overall, 104 codes managed to edge up on November 8, overwhelming losers which numbered 94, failing to support the benchmark indices, however.
The southern bourse saw lower liquidity than November 7 trading session with 72.79 million shares traded, dropping 31 percent.
The total trading value reached 920.79 billion VND (43.84 million USD), a decrease of 28 percent over the previous trading day.
The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, shed 0.42 percent to land at 556.78 points, with decliners outnumbering advancers by 16-6.
Six gainers included technology company FPT (FPT), Hoang Anh Gia Lai Group (HAG), Pha Lai Thermoelectric Plant (PPC), Bourbon Tay Ninh (SBT), Saigon Securities (SSI) and Becamex (IJC) which earned between 100 VND (0.0047 USD) and 400 VND (0.019 USD) per share.
PetroVietnam Drilling (PVD) closed 1,500 VND lower at 64,000 VND (3.04 USD) per share, PetroVietnam Low Pressure Gas Distribution (PVD) lost 600 VND (0.028 USD) per share to 30,700 VND (1.46 USD).
Other losers included big names such as Bao Viet Group (BVH), Hoa Sen Group (HSG), Sacombank (STB), Vingroup (VIC) and Vinamilk (VNM).
Becamex (IJC) led the bourse in liquidity on November 8 with 3.77 million shares changing hands.
According to FPT Securities, cash flow on November 8 was not poured into penny and small cap groups as strongly as in previous trading days and investors became more cautious.
TheVN-Index was still in a sideways trend as blue chips still failed to regain their attraction, the company said.
Despite the decline in the southern bourse, the HNX-Index on the Hanoi Stock Exchange rose 0.22 percent to 63.29 points with gainers overwhelming losers by 110-86.
With more than 38.9 million shares changing hands, the total value reached 276.93 billion VND (13.18 million USD).
The HNX30-Index, composed of the capital city's largest shares, closed 0.58 percent higher on November 8 to reach 119.14 points.
Foreign buyers concluded as net buyers with a net value of 150.9 billion VND (7.18 million USD), with focus on shares of the real estate sector such as Sai Gon Water Infrastructure (SII), Becamex (IJC), Tu Liem Urban Development (NTL), Licogi 16 (LCG), Kinh Bac Urban Development (KBC)./.
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