Investors favour penny stocks
Shares closed higher on July 6 on the HCM City bourse but fell again on the Hanoi exchange on sluggish trading.
Shares closed higher on July 6 on the HCM City bourse but fell again on the Hanoi exchange on sluggish trading.
On the HCM Stock Exchange, the benchmark VN-Index gained another 0.39 percent to finish the day at 415.44 points on a turnover of 629.4 billion VND (30 million USD), up 36 percent from a day earlier.
Advancers overwhelmed decliners by 193-55, 62 of which hit the daily limit increase of 5 percent. Most of them were "speculative" mid-cap and penny shares, such as Bac Giang Exploitable Mineral (BGM), Binh Thuan Mineral Industry (KSA), the Southern Rubber Industry (CSM), Vietnam Mechanisation Electrification & Construction (MCG) and Vietnam Electricity Construction (VNE).
Blue chips were mixed but the VN30 Index tracking performance of the top 30 shares by market capitalisation and liquidity still rose 0.37 percent to stand at 490.64 points.
Without supporting news, furniture maker Duc Long Gia Lai Group (DLG) surprised the market by becoming the most active stock yesterday with nearly 3.7 million shares changing hands. The shares climbed 2.9 percent to close at 7,200 VND (0.34 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index closed off 0.2 percent at 69.67 points, on a modest value of 293.2 billion VND (14 million USD).
Bao Viet Securities (BVS), Habubank (HBB), PetroVietnam Construction (PVX) and construction giant Vinaconex (VCG) all saw losses of 0.9-2.4 percent.
VNDirect Securities (VND) was still the most active code in Hanoi with a total trade of 3.6 million shares, sinking 1 percent to 9,900 VND (0.47 USD).
Foreign investors were still net buyers on the HCM City exchange, but on a modest net value of 380 million VND (18,100 USD) worth of shares. Meanwhile, they were net sellers of 3.2 billion VND (152,000 USD) worth of shares on the Hanoi bourse.-VNA
On the HCM Stock Exchange, the benchmark VN-Index gained another 0.39 percent to finish the day at 415.44 points on a turnover of 629.4 billion VND (30 million USD), up 36 percent from a day earlier.
Advancers overwhelmed decliners by 193-55, 62 of which hit the daily limit increase of 5 percent. Most of them were "speculative" mid-cap and penny shares, such as Bac Giang Exploitable Mineral (BGM), Binh Thuan Mineral Industry (KSA), the Southern Rubber Industry (CSM), Vietnam Mechanisation Electrification & Construction (MCG) and Vietnam Electricity Construction (VNE).
Blue chips were mixed but the VN30 Index tracking performance of the top 30 shares by market capitalisation and liquidity still rose 0.37 percent to stand at 490.64 points.
Without supporting news, furniture maker Duc Long Gia Lai Group (DLG) surprised the market by becoming the most active stock yesterday with nearly 3.7 million shares changing hands. The shares climbed 2.9 percent to close at 7,200 VND (0.34 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index closed off 0.2 percent at 69.67 points, on a modest value of 293.2 billion VND (14 million USD).
Bao Viet Securities (BVS), Habubank (HBB), PetroVietnam Construction (PVX) and construction giant Vinaconex (VCG) all saw losses of 0.9-2.4 percent.
VNDirect Securities (VND) was still the most active code in Hanoi with a total trade of 3.6 million shares, sinking 1 percent to 9,900 VND (0.47 USD).
Foreign investors were still net buyers on the HCM City exchange, but on a modest net value of 380 million VND (18,100 USD) worth of shares. Meanwhile, they were net sellers of 3.2 billion VND (152,000 USD) worth of shares on the Hanoi bourse.-VNA
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