Shares fell for a second day on the nation's stock exchanges on Nov. 2, on continued sluggish trading.
On the HCM Stock Exchange, the point VN-Index dropped below the landmark 450-level to close at 446.3, a decline of just over 1 from the previous day. The value of trades totalled only 582 billion VND (29.8 million USD), with a volume of just 25 million shares.
Saigon Securities Inc (SSI) was the most-active share, with nearly 1.5 million changing hands, but they declined in value by over 2 percent to close at 24,000 VND (1.25 USD) per share. Overall, decliners outnumbered gainers by 169-40.
Foreign investors were net buyers on the HCM City exchange, picking up over 1.2 million shares, worth about 55 billion VND (2.8 million USD). Buys focused on Phu My Fertilisers (DPM), which gained 0.56 percent on the day, and Vinh Son-Song Hinh Hydropower (VSH), which rose by 0.86 percent.
Marc Djandji, Viet Capital Securities Co's head of analysis, said foreign investors have remained net buyers since the beginning of the year, but their focus on large-cap shares give them a more significant impact on index movements.
"However, exchange rate fluctuations present short-term risks to their investments," Djandji said, noting that the Vietnamese dong has been devalued by over 10 percent in the past 12 months.
On the Hanoi Stock Exchange, the HNX-Index lost nearly 1 percent to close at just under 110. The volume of trades improved to over 21.7 million shares worth 425.6 billion VND (21.8 million USD) – an increase of around 35 percent in both volume and value.
PetroVietnam Construction (PVX) was again the most heavily-traded share nationwide on a volume of just under 2 million shares. PVX closed off by over 1.4 per cent, however, to 20,900 VND (1.10 USD) per share./.
On the HCM Stock Exchange, the point VN-Index dropped below the landmark 450-level to close at 446.3, a decline of just over 1 from the previous day. The value of trades totalled only 582 billion VND (29.8 million USD), with a volume of just 25 million shares.
Saigon Securities Inc (SSI) was the most-active share, with nearly 1.5 million changing hands, but they declined in value by over 2 percent to close at 24,000 VND (1.25 USD) per share. Overall, decliners outnumbered gainers by 169-40.
Foreign investors were net buyers on the HCM City exchange, picking up over 1.2 million shares, worth about 55 billion VND (2.8 million USD). Buys focused on Phu My Fertilisers (DPM), which gained 0.56 percent on the day, and Vinh Son-Song Hinh Hydropower (VSH), which rose by 0.86 percent.
Marc Djandji, Viet Capital Securities Co's head of analysis, said foreign investors have remained net buyers since the beginning of the year, but their focus on large-cap shares give them a more significant impact on index movements.
"However, exchange rate fluctuations present short-term risks to their investments," Djandji said, noting that the Vietnamese dong has been devalued by over 10 percent in the past 12 months.
On the Hanoi Stock Exchange, the HNX-Index lost nearly 1 percent to close at just under 110. The volume of trades improved to over 21.7 million shares worth 425.6 billion VND (21.8 million USD) – an increase of around 35 percent in both volume and value.
PetroVietnam Construction (PVX) was again the most heavily-traded share nationwide on a volume of just under 2 million shares. PVX closed off by over 1.4 per cent, however, to 20,900 VND (1.10 USD) per share./.
