Patience with market wears thin
Despite strong rallies on Asian stock markets on July 28, the benchmark
on the VN-Index dropped 1.34 percent to clDespite strong rallies on Asian stock markets on July 28, the benchmark
on the VN-Index dropped 1.34 percent to close on July 28’s session at
491 points, a two-month low. ose on July 28’s session at
491 points, a two-month low.
Despite strong rallies on Asian stock markets on July 28, the benchmark
on the VN-Index dropped 1.34 percent to close on July 28’s session at
491 points, a two-month low.
On the HCM Stock Exchange, the volume of the day’s trade increased by 9 percent to 46.68 million shares, worth a combined 1.38 trillion VND (72.6 million USD).
Investors lost their patience when the VN-Index pierced through its supporting point of 495, after making heavy sales on both blue-chip and penny stocks. The market breadth’s was negative with only 22 codes closing 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) closed on 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 of 152.38 points, a drop of 1.64 percent since July 27. Trade values increased by 14 percent, however, reaching 1 trillion VND (52.6 million USD) after 34.5 million shares changed hands.
Losers outnumbered gainers by 233-59, after all blue-chips slumped. PetroVietnam Construction (PVX), topping the market volume with 2.76 million shares traded, shed 3.62 percent to close at 26,600 VND (1.4 USD).
The Hanoi bourse on July 28 welcomed three new listings from Hoang Ha Co (HHG), Hai Minh Corp (HMH) and Viwaseen-Hue Investment and Construction Co (VHH).
HHG decreased by 41 percent from its opening price to 16,900 VND on a volume of 590,000 shares changing hands, while HMH closed after decreasing 20 percent to 31,300 VND (1.65 USD) on a volume of 42,000 shares, VHH’s value remained unchanged 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 positive performance of the domestic economy and solid rallies on the global market.
Foreign investors continue to be net sellers on the HCM City market and were responsible for anet sale of nearly 158,000 shares worth more than 19 billion VND ( 1 million USD). They were still net buyers on the Hanoi market after purchasing 17,500 shares 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 million shares, worth a combined 1.38 trillion VND (72.6 million USD).
Investors lost their patience when the VN-Index pierced through its supporting point of 495, after making heavy sales on both blue-chip and penny stocks. The market breadth’s was negative with only 22 codes closing 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) closed on 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 of 152.38 points, a drop of 1.64 percent since July 27. Trade values increased by 14 percent, however, reaching 1 trillion VND (52.6 million USD) after 34.5 million shares changed hands.
Losers outnumbered gainers by 233-59, after all blue-chips slumped. PetroVietnam Construction (PVX), topping the market volume with 2.76 million shares traded, shed 3.62 percent to close at 26,600 VND (1.4 USD).
The Hanoi bourse on July 28 welcomed three new listings from Hoang Ha Co (HHG), Hai Minh Corp (HMH) and Viwaseen-Hue Investment and Construction Co (VHH).
HHG decreased by 41 percent from its opening price to 16,900 VND on a volume of 590,000 shares changing hands, while HMH closed after decreasing 20 percent to 31,300 VND (1.65 USD) on a volume of 42,000 shares, VHH’s value remained unchanged 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 positive performance of the domestic economy and solid rallies on the global market.
Foreign investors continue to be net sellers on the HCM City market and were responsible for anet sale of nearly 158,000 shares worth more than 19 billion VND ( 1 million USD). They were still net buyers on the Hanoi market after purchasing 17,500 shares worth 5 billion VND (263,000 USD)./.
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