Oil, gas losses drag down VN-Index
The VN-Index unexpectedly closed lower than it opened on September 23
afternoon, despite staying green for most of the trading time. Losses of
oil and gas shares were the main drag.
The VN-Index unexpectedly closed lower than it opened on September 23
afternoon, despite staying green for most of the trading time. Losses of
oil and gas shares were the main drag.
PV Gas (GAS), the biggest stock on the Ho Chi Minh Stock Exchange in terms of market value, dropped 3.54 percent to 109,000 VND (5.17 USD) a share. Other oil- and gas-related stocks, such as Petroleum Industrial & Civil Construction (PXI), Petroleum Equipment Assembly & Metal Structure (PXS), and Petroleum Pipeline and Tank Construction (PXT), fell to the floor prices which were capped at 7 percent a day.
Consequently, the VN-Index slid 0.25 percent, closing the session at 610.39 points. It is the lowest close in the past month, despite the gainers outnumbering the losers by 120-91.
Seventeen of the top 30 shares – in terms of market value and liquidity – advanced while seven declined. The VN30 added 0.78 percent, ending at 658.31 points.
Compared with the previous session, liquidity barely changed. It totalled 144.4 million shares worth 2.83 trillion VND (over 134 million USD).
SACOM Development and Investment Corp (SAM), a telecommunication equipment maker, replaced FLC Group (FLC) to become the most active stock on September 23 with 12.7 million shares traded. The share price climbed 5.79 percent to finish at 12,800 VND (0.61 USD) a share.
FLC came second with 11.7 million shares traded, rising 0.86 percent to settle at 11,700 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also slumped 0.54 percent to close at 87.75 points, driven down by blue chips.
The HNX30, which tracks the top 30 shares with the highest market value and liquidity, slipped 0.89 percent to end at 179.58 points.
Liquidity remained high, with 75.3 million shares worth more than 1.1 trillion VND (52.1 million USD) exchanged by the end of the session.
PetroVietnam Construction Corp (PVX) led the market in terms of volume with 7 million shares, climbing 1.64 percent to finish at 6,200 VND a share.
Foreign investors were net buyers on the two markets on September 23, picking shares worth a combined 228.3 billion VND (10.8 million USD).-VNA
PV Gas (GAS), the biggest stock on the Ho Chi Minh Stock Exchange in terms of market value, dropped 3.54 percent to 109,000 VND (5.17 USD) a share. Other oil- and gas-related stocks, such as Petroleum Industrial & Civil Construction (PXI), Petroleum Equipment Assembly & Metal Structure (PXS), and Petroleum Pipeline and Tank Construction (PXT), fell to the floor prices which were capped at 7 percent a day.
Consequently, the VN-Index slid 0.25 percent, closing the session at 610.39 points. It is the lowest close in the past month, despite the gainers outnumbering the losers by 120-91.
Seventeen of the top 30 shares – in terms of market value and liquidity – advanced while seven declined. The VN30 added 0.78 percent, ending at 658.31 points.
Compared with the previous session, liquidity barely changed. It totalled 144.4 million shares worth 2.83 trillion VND (over 134 million USD).
SACOM Development and Investment Corp (SAM), a telecommunication equipment maker, replaced FLC Group (FLC) to become the most active stock on September 23 with 12.7 million shares traded. The share price climbed 5.79 percent to finish at 12,800 VND (0.61 USD) a share.
FLC came second with 11.7 million shares traded, rising 0.86 percent to settle at 11,700 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also slumped 0.54 percent to close at 87.75 points, driven down by blue chips.
The HNX30, which tracks the top 30 shares with the highest market value and liquidity, slipped 0.89 percent to end at 179.58 points.
Liquidity remained high, with 75.3 million shares worth more than 1.1 trillion VND (52.1 million USD) exchanged by the end of the session.
PetroVietnam Construction Corp (PVX) led the market in terms of volume with 7 million shares, climbing 1.64 percent to finish at 6,200 VND a share.
Foreign investors were net buyers on the two markets on September 23, picking shares worth a combined 228.3 billion VND (10.8 million USD).-VNA
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