Despite strong rallies on Asian stock markets on July 28, the benchmarkon the VN-Index dropped 1.34 percent to close on July 28’s session at491 points, a two-month low.
On the HCM Stock Exchange,the volume of the day’s trade increased by 9 percent to 46.68 millionshares, worth a combined 1.38 trillion VND (72.6 million USD).
Investors lost their patience when the VN-Index pierced through itssupporting point of 495, after making heavy sales on both blue-chip andpenny stocks. The market breadth’s was negative with only 22 codesclosing with gains, while 199 others declined and 33 remained unchanged.
With more than 1.63 million shares changing hands,Foreign Trade Development and Investment Corp of HCM City (FDC) closedon July 28 at 47,200 VND (2.48 USD), an increase of 2.6 percent.
On the Hanoi Stock Exchange, the HNX-Index sank to this year’s low of152.38 points, a drop of 1.64 percent since July 27. Trade valuesincreased by 14 percent, however, reaching 1 trillion VND (52.6 millionUSD) after 34.5 million shares changed hands.
Losersoutnumbered gainers by 233-59, after all blue-chips slumped.PetroVietnam Construction (PVX), topping the market volume with 2.76million shares traded, shed 3.62 percent to close at 26,600 VND (1.4USD).
The Hanoi bourse on July 28 welcomed three newlistings from Hoang Ha Co (HHG), Hai Minh Corp (HMH) and Viwaseen-HueInvestment and Construction Co (VHH).
HHG decreased by 41percent from its opening price to 16,900 VND on a volume of 590,000shares changing hands, while HMH closed after decreasing 20 percent to31,300 VND (1.65 USD) on a volume of 42,000 shares, VHH’s value remainedunchanged at 20,000 VND (1.05 USD) on a volume of 47,400 shares.
On July 28’s sharp decline was unexpected after the recent positiveperformance of the domestic economy and solid rallies on the globalmarket.
Foreign investors continue to be net sellers onthe HCM City market and were responsible for anet sale of nearly158,000 shares worth more than 19 billion VND ( 1 million USD). Theywere still net buyers on the Hanoi market after purchasing 17,500shares worth 5 billion VND (263,000 USD)./.
On the HCM Stock Exchange,the volume of the day’s trade increased by 9 percent to 46.68 millionshares, worth a combined 1.38 trillion VND (72.6 million USD).
Investors lost their patience when the VN-Index pierced through itssupporting point of 495, after making heavy sales on both blue-chip andpenny stocks. The market breadth’s was negative with only 22 codesclosing with gains, while 199 others declined and 33 remained unchanged.
With more than 1.63 million shares changing hands,Foreign Trade Development and Investment Corp of HCM City (FDC) closedon July 28 at 47,200 VND (2.48 USD), an increase of 2.6 percent.
On the Hanoi Stock Exchange, the HNX-Index sank to this year’s low of152.38 points, a drop of 1.64 percent since July 27. Trade valuesincreased by 14 percent, however, reaching 1 trillion VND (52.6 millionUSD) after 34.5 million shares changed hands.
Losersoutnumbered gainers by 233-59, after all blue-chips slumped.PetroVietnam Construction (PVX), topping the market volume with 2.76million shares traded, shed 3.62 percent to close at 26,600 VND (1.4USD).
The Hanoi bourse on July 28 welcomed three newlistings from Hoang Ha Co (HHG), Hai Minh Corp (HMH) and Viwaseen-HueInvestment and Construction Co (VHH).
HHG decreased by 41percent from its opening price to 16,900 VND on a volume of 590,000shares changing hands, while HMH closed after decreasing 20 percent to31,300 VND (1.65 USD) on a volume of 42,000 shares, VHH’s value remainedunchanged at 20,000 VND (1.05 USD) on a volume of 47,400 shares.
On July 28’s sharp decline was unexpected after the recent positiveperformance of the domestic economy and solid rallies on the globalmarket.
Foreign investors continue to be net sellers onthe HCM City market and were responsible for anet sale of nearly158,000 shares worth more than 19 billion VND ( 1 million USD). Theywere still net buyers on the Hanoi market after purchasing 17,500shares worth 5 billion VND (263,000 USD)./.
