Shares rose slightly on March 28 on both national stock exchanges, evenas trading volumes and values dropped compared to the previous sessionon March 25.
On the Hanoi Stock Exchange, the HNX-Indexrose by 0.27 percent to close at 93.07 points. Both volume and valuedropped by more than 25 percent from March 25 to just 28.2 millionshares, worth less than 412 billion VND (19.7 million USD). Declinersoutnumbered advancers by 152-113.
Kim Long Securities(KLS) became the most-active share nationwide, with 4.6 million traded,before closing up 6.1 percent to 10,500 VND (0.50 USD) per share.
Late last week, the company announced that it will reverse its decisionearlier this month to exit the brokerage business, a move which hadseverely rattled the market.
However, the move was shelveddue to objections raised by shareholders ahead of the generalshareholders meeting. The meeting was cancelled, however, due to a lackof quorum and will be reconvened on April 15.
On the HCMStock Exchange , the VN-Index rose 0.39 percent to close at 459.52points. Volume fell by 11 percent from March 25 to about 25 millionshares, worth just 544.3 billion VND (26 million USD), the lowest levelthis month.
Many blue chips posted gains, however. InsurerBao Viet Holdings (BVH) and Vietinbank (CTG) each rose by over 3percent, while PetroVietnam Finance (PVF), property developer Hoang AnhGia Lai (HAG) and steelmaker Hoa Phat Group (HPG) each made gains ofless than 1 percent.
Losers outnumbered gainers overall by109-90. Saigon Securities Inc (SSI) and Sacombank (STB) were themost-active shares on the southern bourse, each with a volume of about1.3 million shares. Both closed unchanged.
Foreigninvestors continued to be net buyers on March 28 on both exchanges, butfor a net value of just 26 billion VND (1.2 million USD).
Viet Capital Securities Co analysts predicted that the market willcontinue to fluctuate within a narrow band with low liquidity in thenear future as investors cautiously await a clearer trend.
"The market is in the shareholders' meeting season and investors arebeing gradually informed of corporate earnings' results. Investors atpresent are mostly looking to economic news which could give them aclearer picture of the nation's economic outlook," an analyst said./.
On the Hanoi Stock Exchange, the HNX-Indexrose by 0.27 percent to close at 93.07 points. Both volume and valuedropped by more than 25 percent from March 25 to just 28.2 millionshares, worth less than 412 billion VND (19.7 million USD). Declinersoutnumbered advancers by 152-113.
Kim Long Securities(KLS) became the most-active share nationwide, with 4.6 million traded,before closing up 6.1 percent to 10,500 VND (0.50 USD) per share.
Late last week, the company announced that it will reverse its decisionearlier this month to exit the brokerage business, a move which hadseverely rattled the market.
However, the move was shelveddue to objections raised by shareholders ahead of the generalshareholders meeting. The meeting was cancelled, however, due to a lackof quorum and will be reconvened on April 15.
On the HCMStock Exchange , the VN-Index rose 0.39 percent to close at 459.52points. Volume fell by 11 percent from March 25 to about 25 millionshares, worth just 544.3 billion VND (26 million USD), the lowest levelthis month.
Many blue chips posted gains, however. InsurerBao Viet Holdings (BVH) and Vietinbank (CTG) each rose by over 3percent, while PetroVietnam Finance (PVF), property developer Hoang AnhGia Lai (HAG) and steelmaker Hoa Phat Group (HPG) each made gains ofless than 1 percent.
Losers outnumbered gainers overall by109-90. Saigon Securities Inc (SSI) and Sacombank (STB) were themost-active shares on the southern bourse, each with a volume of about1.3 million shares. Both closed unchanged.
Foreigninvestors continued to be net buyers on March 28 on both exchanges, butfor a net value of just 26 billion VND (1.2 million USD).
Viet Capital Securities Co analysts predicted that the market willcontinue to fluctuate within a narrow band with low liquidity in thenear future as investors cautiously await a clearer trend.
"The market is in the shareholders' meeting season and investors arebeing gradually informed of corporate earnings' results. Investors atpresent are mostly looking to economic news which could give them aclearer picture of the nation's economic outlook," an analyst said./.
