Profit-taking slows market gains
Stocks continued to rise on the Ho Chi Minh Stock Exchange on July 9 but the growth slowed down as profit-taking pressure rose.
Stocks continued to rise on the Ho Chi Minh Stock Exchange on July 9 but the growth slowed down as profit-taking pressure rose.
The VN-Index inched up just 0.02 percent to close the session at 591.60 points, its sixth consecutive positive session. Advancers outnumbered the decliners by 132-96 and 74 were unmoved.
Meanwhile, blue chip stocks reported mixed results.
Bao Viet Holdings (BVH), Hoa Phat Group (HPG), Vietinbank (CTG), Masan Group (MSN) posted gains but Vinamilk (VNM), Vietcombank (VCB), VinGroup (VIC), Hoang Anh Gia Lai Co (HAG) and FPT Corp (FPT) declined.
The VN30 tracking the top 30 shares by market value and liquidity gained just 0.07 percent to 636.64 points.
Liquidity improved slightly as both market volume and value grew 10 percent over the previous session, totaling nearly 110 million shares worth 1.62 trillion VND (76.8 million USD).
Trading on real estate stocks continued to dominate the southern market and accounted for the two most active stocks.
FLC Group (FLC) saw the highest trades of nearly 11 million shares traded, rising 1.56 percent to close at 12,000 VND a share.
Tan Tao Investment Industry Corp (ITA) came second on trades of 8.4 million shares, closing flat at 8,500 VND each.
On the Hanoi Stock Exchange, shares lost ground under profit-taking pressure after the benchmark HNX-Index hit the two-month high. The Index slid 0.27 percent to end at 79.14 points.
Blue chips fell, dragging the HNX30 down 0.16 percent to stand at 161.76 points.
Losers included Kim Long Securities Co (KLS), Saigon-Hanoi Bank (SHB), VNDirect Securities Co (VND) and Vinaconex (VCG).
Cash continued to flow into speculative stocks like PetroVietnam Construction Corp (PVX), Hanoi Investment General Corp (SHN) and FLC Joint Venture Global Investment Co (KLF).
PVX was still the most active stock with 13.3 million shares exchanged, jumping 4.44 percent to end at 4,700 VND a share.
Trading soared as the market volume rose 30 percent over July 8 to 64.3 million shares, worth 656.2 billion VND (3.6 million USD).
Foreign investors remained net sellers on the HCM City market with a net sell value of 39.54 billion VND (1.9 million USD). They were still net buyers on the Hanoi bourse, picking shares worth 18.27 billion VND (866,000 USD).-VNA
The VN-Index inched up just 0.02 percent to close the session at 591.60 points, its sixth consecutive positive session. Advancers outnumbered the decliners by 132-96 and 74 were unmoved.
Meanwhile, blue chip stocks reported mixed results.
Bao Viet Holdings (BVH), Hoa Phat Group (HPG), Vietinbank (CTG), Masan Group (MSN) posted gains but Vinamilk (VNM), Vietcombank (VCB), VinGroup (VIC), Hoang Anh Gia Lai Co (HAG) and FPT Corp (FPT) declined.
The VN30 tracking the top 30 shares by market value and liquidity gained just 0.07 percent to 636.64 points.
Liquidity improved slightly as both market volume and value grew 10 percent over the previous session, totaling nearly 110 million shares worth 1.62 trillion VND (76.8 million USD).
Trading on real estate stocks continued to dominate the southern market and accounted for the two most active stocks.
FLC Group (FLC) saw the highest trades of nearly 11 million shares traded, rising 1.56 percent to close at 12,000 VND a share.
Tan Tao Investment Industry Corp (ITA) came second on trades of 8.4 million shares, closing flat at 8,500 VND each.
On the Hanoi Stock Exchange, shares lost ground under profit-taking pressure after the benchmark HNX-Index hit the two-month high. The Index slid 0.27 percent to end at 79.14 points.
Blue chips fell, dragging the HNX30 down 0.16 percent to stand at 161.76 points.
Losers included Kim Long Securities Co (KLS), Saigon-Hanoi Bank (SHB), VNDirect Securities Co (VND) and Vinaconex (VCG).
Cash continued to flow into speculative stocks like PetroVietnam Construction Corp (PVX), Hanoi Investment General Corp (SHN) and FLC Joint Venture Global Investment Co (KLF).
PVX was still the most active stock with 13.3 million shares exchanged, jumping 4.44 percent to end at 4,700 VND a share.
Trading soared as the market volume rose 30 percent over July 8 to 64.3 million shares, worth 656.2 billion VND (3.6 million USD).
Foreign investors remained net sellers on the HCM City market with a net sell value of 39.54 billion VND (1.9 million USD). They were still net buyers on the Hanoi bourse, picking shares worth 18.27 billion VND (866,000 USD).-VNA
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