Shares on both national stock exchanges slumped on the July 6 trading session, ending a two-day rally.
"The stock market is still at very low levels of market value," said HoaBinh Securities Co analyst Nguyen Phuc Thinh. "The value and volume oftrades at this stage depend mainly on a few blue chips."
Economicinformation and Government policies have been supportive forinvestment, Thinh said. "But caution has been the top priority ofinvestors."
He called for more specific actions from State agencies to help boost the securities market.
Onthe HCM Stock Exchange, the VN-Index slid by 0.63 percent from July 5'sclose to end the day at 428.30 points. The value of trades, however,rose 37.6 percent over the previous day to 518 billion VND (25.2 millionUSD) on a volume of nearly 22 million shares.
During the three most recent sessions, demand has been more positive, Thinh noted, so there has been no major sell-off.
Bluechips struggled, with six of the 10 leading shares by capitalisationlosing 0.3-2.6 percent of their value. Decliners outnumbered advancersoverall by 173-49.
Saigon Securities Inc (SSI) was themost-active share, with 1.4 million traded, but SSI shares lost 0.6percent to close at 18,000 VND per share.
On the Hanoi StockExchange, the HNX-Index dipped by 1.17 percent to 73.44 points, withnearly half of all codes on the northern bourse losing ground. The valueof trades reached just 258.4 billion VND (1.3 million USD) on a volumeof 22.5 million shares.
Kim Long Securities (KLS) saw the highest trading volume nationwide with over four million shares changing hands.
Foreigninvestors were sellers on the southern bourse by a modest net of just1.5 billion VND (72,800 USD). However, they were net buyers in Hanoi,picking up a net of 5.7 billion VND (276,700 USD) worth of shares./.
"The stock market is still at very low levels of market value," said HoaBinh Securities Co analyst Nguyen Phuc Thinh. "The value and volume oftrades at this stage depend mainly on a few blue chips."
Economicinformation and Government policies have been supportive forinvestment, Thinh said. "But caution has been the top priority ofinvestors."
He called for more specific actions from State agencies to help boost the securities market.
Onthe HCM Stock Exchange, the VN-Index slid by 0.63 percent from July 5'sclose to end the day at 428.30 points. The value of trades, however,rose 37.6 percent over the previous day to 518 billion VND (25.2 millionUSD) on a volume of nearly 22 million shares.
During the three most recent sessions, demand has been more positive, Thinh noted, so there has been no major sell-off.
Bluechips struggled, with six of the 10 leading shares by capitalisationlosing 0.3-2.6 percent of their value. Decliners outnumbered advancersoverall by 173-49.
Saigon Securities Inc (SSI) was themost-active share, with 1.4 million traded, but SSI shares lost 0.6percent to close at 18,000 VND per share.
On the Hanoi StockExchange, the HNX-Index dipped by 1.17 percent to 73.44 points, withnearly half of all codes on the northern bourse losing ground. The valueof trades reached just 258.4 billion VND (1.3 million USD) on a volumeof 22.5 million shares.
Kim Long Securities (KLS) saw the highest trading volume nationwide with over four million shares changing hands.
Foreigninvestors were sellers on the southern bourse by a modest net of just1.5 billion VND (72,800 USD). However, they were net buyers in Hanoi,picking up a net of 5.7 billion VND (276,700 USD) worth of shares./.
