Markets tread water as volumes fall
The advance of the VN-Index was slowed
on August 3 on more moderate trading, with the first trading day of
August up only 0.25 percent to 467.93.
The advance of the VN-Index was slowed
on August 3 on more moderate trading, with the first trading day of
August up only 0.25 percent to 467.93.
Trading volume on the HCM Stock Exchange on August 3 dropped 6.7 percent from July 31 to 33.3 million shares, worth a total of 1.31 trillion VND (73.6 million USD). Foreign investors accounted for 7 percent of the total market volume, responsible for 2.3 million trades.
Sacombank (STB) maintained its position as the most-active share on the southern bourse, with 5.2 million traded.
On the Hanoi Stock Exchange on August 3, the HNX-Index lost ground, sliding 1.96 percent to close at 150.90 points. Trades totalled 563.86 billion VND (31.7 million USD) on a volume of 17.16 million shares, with foreign investors accounting for just 789.700 worth of the total.
Building contractor Vinaconex and Kim Long Securities (KLS) led the northern market with volumes of 2.6 million shares each, although newly-listed VietinBank Securities (CTS) followed closely, with a volume of 1.7 million.
Au Viet Securities Co analysts said that movement of the domestic market would track what was happening on global markets in the short term, as the influence of first-half earnings was already reflected in current share prices.
News of new prospects of a US economic recovery in the third quarter should help boost the VN-Index this week, they predicted, suggesting long-term investors move to acquire shares while the VN-Index still ranges at 450 to 470 points.
On the unlisted public companies market on August 3m UPCoM-Index added 4.64 percent to close at 79.59 points, but volumes remained tiny, with 78.614 shares changing hands, worth a total of just 891.26 million VND (50,070 USD)./.
Trading volume on the HCM Stock Exchange on August 3 dropped 6.7 percent from July 31 to 33.3 million shares, worth a total of 1.31 trillion VND (73.6 million USD). Foreign investors accounted for 7 percent of the total market volume, responsible for 2.3 million trades.
Sacombank (STB) maintained its position as the most-active share on the southern bourse, with 5.2 million traded.
On the Hanoi Stock Exchange on August 3, the HNX-Index lost ground, sliding 1.96 percent to close at 150.90 points. Trades totalled 563.86 billion VND (31.7 million USD) on a volume of 17.16 million shares, with foreign investors accounting for just 789.700 worth of the total.
Building contractor Vinaconex and Kim Long Securities (KLS) led the northern market with volumes of 2.6 million shares each, although newly-listed VietinBank Securities (CTS) followed closely, with a volume of 1.7 million.
Au Viet Securities Co analysts said that movement of the domestic market would track what was happening on global markets in the short term, as the influence of first-half earnings was already reflected in current share prices.
News of new prospects of a US economic recovery in the third quarter should help boost the VN-Index this week, they predicted, suggesting long-term investors move to acquire shares while the VN-Index still ranges at 450 to 470 points.
On the unlisted public companies market on August 3m UPCoM-Index added 4.64 percent to close at 79.59 points, but volumes remained tiny, with 78.614 shares changing hands, worth a total of just 891.26 million VND (50,070 USD)./.
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