Late falls see shares close in red

Shares surprised many investors by closing July 4's session in the red on the Ho Chi Minh City exchange despite a positive performance throughout most of the trading time.
Shares surprised many investors by closing July 4's session in the red on the Ho Chi Minh City exchange despite a positive performance throughout most of the trading time.

The benchmark VN-Index was off 0.03 percent to 487.22 points on low liquidity, of which value of trades totalled 827.35 billion VND (39.4 million USD), down 20 percent from the previous session's value.

The VN30 tracking the top 30 shares by market capitalisation and liquidity fell 0.05 percent to 534.66 points with one-third of members losing ground while only 8 codes advanced and 12 closed flat.

Hoang Quan Consulting Trading Service Real Estate Corp (HQC) rose to be the most active code on the southern bourse on the day. Its 2.2 million shares were traded at a value of 6,800 VND a share, up 3 percent over the previous day's close.

On the Hanoi Stock Exchange, the HNX-Index finished at 63.07 points, changing little compared to July 3's close.

Market volume was down 20 percent from the previous session to more than 20.5 million shares valued at 163.5 billion VND (7.8 million USD).

Investment FLC Group (FLC), which registered to move its listing to the HCM City exchange, was again the most active code with 5.8 million shares changing hands. The shares plunged 3 percent, however, to settle at 6,400 VND a share.

Foreign investors continued to unload shares in HCM City, responsible for a net sell valued at 60.34 billion VND (2.9 million USD), but they again were net buyers on the Hanoi bourse with a pick up of 3.8 billion VND (181,000 USD) worth of shares.-VNA

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