Power shares brighten dull market

Shares closed essentially unchanged on August 5 on the HCM Stock Exchange, as the VN-Index ended the session off just 0.1 percent to 486.21 points.
Shares closed essentially unchanged on August 5 on the HCM Stock Exchange, as the VN-Index ended the session off just 0.1 percent to 486.21 points.

The Index was saved from further declines as investors probed to try to catch the bottom of the market, but purchasing remained hesitant and weak. The volume of trades reached only 37.15 million shares, worth a combined 1.16 trillion VND (59.5 million USD).

VSH was the most-active sghare on the HCM City bourse on August 5, with a volume of 1.34 million, and the shares closed up 1.6 percent despite the company’s reported second-quarter losses.

PPC rose by an even more impressive 4.35 percent and generated a volume of 1.2 million shares following the company’s announced decision that it would buy back 2 million shares beginning August 10, as well as make a 3-percent dividend payment.

Foreign investors on August 5 bought in 268,570 FPT shares worth a total of over 21 billion VND (1.1 million USD).

The HCM Stock Exchange also announced on August 5 that FPT would pay a 10 percent dividend on August 31 and close registration for the dividend on August 13.

On the Hanoi Stock Exchange meanwhile, the HNX-Index also largely marched in place, losing 0.28 percent for a close at 147.45 points.

Trading volume on the northern bourse dropped by 10.7 percent from August 4 to just 27.9 million shares, with a combined value of 754.03 billion VND (38.7 million USD).

Vinaconex Transport Co (VCV), an affiliate of construction giant Vinaconex, saw its opening day of trading on Aug. 5 on the Hanoi market. The newly-listed shares declined from an opening price of 17,000 VND to a close of 15,800 VND per share, while volume totalled just 130,600 shares./.

See more