Trading remained gloomy on domestic stock markets on April 4, following the April 1’s decision by the State Bank of Vietnam to raise a pair of key interest rates, as well as ongoing investor worries that commercial banks may soon be facing a higher compulsory reserves ratio.
Near 60 percent of stocks lost value on April 4 on the HCM Stock Exchange, sending the VN-Index down 0.42 percent to a close of 457.27 points. While the volume of trades rose by 5.6 percent over the previous session on April 1 to 24.6 million shares, market value remained anaemic at just 541.2 billion VND (25.8 million USD).
A total of 165 codes declined, 14 of which dropped to their floor prices, including Vietnam Sun Corp (VNS), Seaprodex Refrigeration Industry Co (SRF), and Mien Dong Co (MDG). Most blue chips also lost value, including Sai Gon Securities Inc (SSI), down 2.7 percent; conglomerate Masan Group (MSN), down 2.4 percent; financial conglomerate Ocean Group (OGC), down 2.1 percent; developer Hoang Anh Gia Lai (HAG), down 1.1 percent; and developer Vincom (VIC), down 0.8 percent.
Of the leading shares by capitalisation, only software producer FPT managed gains, climbing 4.2 percent.
On the Hanoi Stock Exchange , the HNX-Index dropped by over 1 percent to close at 90.1 points. Volume fell 9.7 percent to 20.5 million shares, worth a combined 311.8 billion VND (14.8 million USD).
Foreign investors concluded the day as net buyers, buying a net of 1.4 million shares on both markets, worth a combined net of 40.4 billion VND (1.9 million USD)./.
Near 60 percent of stocks lost value on April 4 on the HCM Stock Exchange, sending the VN-Index down 0.42 percent to a close of 457.27 points. While the volume of trades rose by 5.6 percent over the previous session on April 1 to 24.6 million shares, market value remained anaemic at just 541.2 billion VND (25.8 million USD).
A total of 165 codes declined, 14 of which dropped to their floor prices, including Vietnam Sun Corp (VNS), Seaprodex Refrigeration Industry Co (SRF), and Mien Dong Co (MDG). Most blue chips also lost value, including Sai Gon Securities Inc (SSI), down 2.7 percent; conglomerate Masan Group (MSN), down 2.4 percent; financial conglomerate Ocean Group (OGC), down 2.1 percent; developer Hoang Anh Gia Lai (HAG), down 1.1 percent; and developer Vincom (VIC), down 0.8 percent.
Of the leading shares by capitalisation, only software producer FPT managed gains, climbing 4.2 percent.
On the Hanoi Stock Exchange , the HNX-Index dropped by over 1 percent to close at 90.1 points. Volume fell 9.7 percent to 20.5 million shares, worth a combined 311.8 billion VND (14.8 million USD).
Foreign investors concluded the day as net buyers, buying a net of 1.4 million shares on both markets, worth a combined net of 40.4 billion VND (1.9 million USD)./.
