Business

Securities firms steady investor nerves

Stocks halted their declines on both national stock exchanges on August 11 as investors responded positively to news that securities companies would reduce their sales of shares pledged as collateral.
Stocks halted their declines on both national stock exchanges on August11 as investors responded positively to news that securities companieswould reduce their sales of shares pledged as collateral.

On the HCM Stock Exchange, the VN-Index gained 0.31 percent to end August 11’s trades at 463.12 points.

While trading volume fell by nearly 30 per cent from the previousday's session – nearing just 39.8 million shares for a combined value of1.1 trillion VND (57.9 million USD) – advancers outnumbering declinersby 147-65, helping light trading boards up in green.

Sacombank (STB) was the most-active share on a volume of over 1.7million due to foreign investor buys of nearly 660,000 STB shares. STBclosed up 1.27 percent on the day to 15,900 VND (0.84 USD) per share.


The VN-Index rose as high as 466 during August 11’s trading before falling back to 463 on weakening purchasing power.


On the Hanoi Stock Exchange, the HNX-Index climbed by 0.92 percent toclose at 139.12. Market volume also fell 20 percent to 31 millionshares, with a total value of nearly 782 billion VND (41.1 million USD).

Gainers outnumbered decliners on the northernbourse by three-to-one, however, with 214 codes advancing, 74 decliningand 38 remaining unchanged.

PetroVietnamConstruction (PVX) remained the most heavily-traded share nationwide on avolume of 3.2 million shares. PVX closed up 1.7 percent to 23,700 VND(1.25 USD) per share./.
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