The VN-Index closed nearly unchanged Feb. 25 at 494.99 points, as investors in HCM Stock Exchange reacted with mixed feeling to the news that the State Bank of Vietnam keeps the prime rate unchanged at 8 percent for March.
The value of the day’s trades on the southern bourse remained meagre, at 1.2 trillion VND (65 million USD) on a volume of nearly 28 million shares. Gainers outnumbered losers by 84-64, while Sacombank (STB) led trading with over 2.26 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index closed off 0.28 percent after Feb. 24’s surprising gains, ending Feb.25’s session at 162.32 points.
Trading value rose by over 10 percent on the day but remained meagre, at about 413.5 billion VND (21.6 million USD), while the total volume of trades grew to 13 million shares. Gainers on the northern bourse, however, outweighed losers by 138-63. Kim Long Securities Co (KLS) was once again the most active share on the northern bourse with 3.87 billion shares sold.
Commenting on the contrasting moves on the two bourses, Hoa Binh Securities Co deputy director Nguyen Huy Duong said the difference was not clear and significant.
“Although the HNX-Index lost value while the VN-Index was flat, over half of the codes on the northern market posted gains,” said Duong, noting, in particular, that most of the blue chips in Hanoi were gainers, including KLS, PetroVietnam Construction (PVX) and Vinaconex (VCG).
“The Government’s decision to stand firm on economic policies, focusing on stability and controlling inflation, are partly calming investors,” he added.
“In addition, stable developments on global markets have also reassured investors and prevented domestic indices from falling steeply.”
Foreign investors concluded the day as net sellers on the HCM City bourse, selling a net 3.5 million shares worth over 92 billion VND (4.8 million USD), their largest single-day unloading of shares so far this year.
Meanwhile, they returned to being net buyers on the Hanoi market by a net value of 5.5 billion VND (287,958 USD)./.
The value of the day’s trades on the southern bourse remained meagre, at 1.2 trillion VND (65 million USD) on a volume of nearly 28 million shares. Gainers outnumbered losers by 84-64, while Sacombank (STB) led trading with over 2.26 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index closed off 0.28 percent after Feb. 24’s surprising gains, ending Feb.25’s session at 162.32 points.
Trading value rose by over 10 percent on the day but remained meagre, at about 413.5 billion VND (21.6 million USD), while the total volume of trades grew to 13 million shares. Gainers on the northern bourse, however, outweighed losers by 138-63. Kim Long Securities Co (KLS) was once again the most active share on the northern bourse with 3.87 billion shares sold.
Commenting on the contrasting moves on the two bourses, Hoa Binh Securities Co deputy director Nguyen Huy Duong said the difference was not clear and significant.
“Although the HNX-Index lost value while the VN-Index was flat, over half of the codes on the northern market posted gains,” said Duong, noting, in particular, that most of the blue chips in Hanoi were gainers, including KLS, PetroVietnam Construction (PVX) and Vinaconex (VCG).
“The Government’s decision to stand firm on economic policies, focusing on stability and controlling inflation, are partly calming investors,” he added.
“In addition, stable developments on global markets have also reassured investors and prevented domestic indices from falling steeply.”
Foreign investors concluded the day as net sellers on the HCM City bourse, selling a net 3.5 million shares worth over 92 billion VND (4.8 million USD), their largest single-day unloading of shares so far this year.
Meanwhile, they returned to being net buyers on the Hanoi market by a net value of 5.5 billion VND (287,958 USD)./.
