The VN-Index closed down by another 1 percent on Nov.15 to 387.87 points, as investors on the HCM Stock Exchange continued to unload shares.
The volume of trades, which included both order-matching and negotiated trades, was little changed from a day earlier, totalling over 37 million shares, but the value of day's trades spiked by over 57 percent to nearly 878 billion VND (41.8 million USD).
However, shares exchanged through negotiation, totalling 510 billion VND (24.3 million USD), accounted for 58 percent of this value, with shares of Masan Group (MSN) seeing trades of 3 million shares by this method, with a value of nearly 365 billion VND (17.3 million USD).
News that the State Bank of Vietnam has excluded some real estate developers from being categorised as non-productive businesses, enabling them to more easily access bank loans, failed to boost real estate shares overall, as 13 out of 55 real estate codes dropped to the floor price, while 19 others shed value. Losers included major developers like Vincom (VIC), Song Da Urban & Industrial Zone Investment and Development (SJS) and Khang Dien House Trading and Investment (KDH).
Real estate services provider Hoang Quan (HQC), the most-active share on Nov.15 with nearly 3.8 million traded, also hit its floor price of 7,300 USD.
On the Hanoi Stock Exchange, the HNX-Index closed the day in positive territory, reversing the previous session's sell-off and gaining nearly 1 percent to close at 63.06 points. The value of trades fell 28.5 percent to just 278.8 billion VND (13.1 million USD) on a volume of 30.6 million shares.
Nguyen Vinh Minh Thanh, general director of a real estate company, cautioned investors that, with current rates of inflation, allowing investments to idle for a year could reduce their value by one-fifth. He said the best way to restore the value of capital is to invest in the stock market, which still offers the prospect of the highest returns in the face of very low stock prices. The most important thing is to seek the right shares in which to invest.
"When the market recovers, stock investments will bring about unimaginable profits," Thanh said./.
The volume of trades, which included both order-matching and negotiated trades, was little changed from a day earlier, totalling over 37 million shares, but the value of day's trades spiked by over 57 percent to nearly 878 billion VND (41.8 million USD).
However, shares exchanged through negotiation, totalling 510 billion VND (24.3 million USD), accounted for 58 percent of this value, with shares of Masan Group (MSN) seeing trades of 3 million shares by this method, with a value of nearly 365 billion VND (17.3 million USD).
News that the State Bank of Vietnam has excluded some real estate developers from being categorised as non-productive businesses, enabling them to more easily access bank loans, failed to boost real estate shares overall, as 13 out of 55 real estate codes dropped to the floor price, while 19 others shed value. Losers included major developers like Vincom (VIC), Song Da Urban & Industrial Zone Investment and Development (SJS) and Khang Dien House Trading and Investment (KDH).
Real estate services provider Hoang Quan (HQC), the most-active share on Nov.15 with nearly 3.8 million traded, also hit its floor price of 7,300 USD.
On the Hanoi Stock Exchange, the HNX-Index closed the day in positive territory, reversing the previous session's sell-off and gaining nearly 1 percent to close at 63.06 points. The value of trades fell 28.5 percent to just 278.8 billion VND (13.1 million USD) on a volume of 30.6 million shares.
Nguyen Vinh Minh Thanh, general director of a real estate company, cautioned investors that, with current rates of inflation, allowing investments to idle for a year could reduce their value by one-fifth. He said the best way to restore the value of capital is to invest in the stock market, which still offers the prospect of the highest returns in the face of very low stock prices. The most important thing is to seek the right shares in which to invest.
"When the market recovers, stock investments will bring about unimaginable profits," Thanh said./.
