National stock exchanges continued to see a correction on Sept. 8, with the VN-Index losing nearly half-a-percent to end the session at 458.44 points.
Volume of trades rose 5.1 percent over Sept. 7's session to 54.7 million shares, worth a combined 1.4 trillion VND (71.8 million USD).
Tien Len Steel (TLH) surprised as the most-active share on Sept. 8, responsible for 2.6 million trades, in response to a Ministry of Industry and Trade move to limit the licensing of new foreign-invested steel projects that do not make efficient uses of electricity.
The action followed Electricity of Vietnam’s complaints about the steel industry’s excessive power consumption.
TLH closed up 4.94 percent to 17,000 VND per share.
Profit taking was heavier on the Hanoi Stock Exchange on Sept. 8, sending the HNX-Index into sharp decline. The index closed off by 2.26 percent to 132.59 points.
Volume exceeded that on the HCM City bourse, however, reaching 58.7 million shares worth a total of 1.4 trillion VND.
PetroVietnam Construction (PVX) was again the leading share by volume, with 6.7 million changing hands.
Foreign investors participated in the profit-hunting wave, becoming net sellers on the northern bourse of 325,000 shares, worth a net of 7.7 billion VND (395,000 USD)./.
Volume of trades rose 5.1 percent over Sept. 7's session to 54.7 million shares, worth a combined 1.4 trillion VND (71.8 million USD).
Tien Len Steel (TLH) surprised as the most-active share on Sept. 8, responsible for 2.6 million trades, in response to a Ministry of Industry and Trade move to limit the licensing of new foreign-invested steel projects that do not make efficient uses of electricity.
The action followed Electricity of Vietnam’s complaints about the steel industry’s excessive power consumption.
TLH closed up 4.94 percent to 17,000 VND per share.
Profit taking was heavier on the Hanoi Stock Exchange on Sept. 8, sending the HNX-Index into sharp decline. The index closed off by 2.26 percent to 132.59 points.
Volume exceeded that on the HCM City bourse, however, reaching 58.7 million shares worth a total of 1.4 trillion VND.
PetroVietnam Construction (PVX) was again the leading share by volume, with 6.7 million changing hands.
Foreign investors participated in the profit-hunting wave, becoming net sellers on the northern bourse of 325,000 shares, worth a net of 7.7 billion VND (395,000 USD)./.
