Shares gain on sluggish volumes
The VN-Index posted a second day of gains on Nov. 30, advancing by 2.75 percent to close at 504.12.
The VN-Index posted a second day of gains on Nov. 30, advancing by 2.75 percent to close at 504.12.
The volume of trading on the Ho Chi Minh Stock Exchange, meanwhile, decreased significantly, dropping 45.9 percent from Nov. 27’s level to just 35.5 million shares, worth a combined 1.5 trillion VND (81.1 million USD), a decline in total value of 44.7 percent from the previous session.
Banking shares once again led the southern market, with Sacombank STB claiming the position as most-active share on a volume of 3.9 million.
On the Hanoi Stock Exchange on Nov. 30, strong performances by the blue chips helped the HNX-Index advance by 4.14 percent to end the day at 161.85.
Trading volume dropped by half from Nov. 27’s volume, however, totalling just 21.7 million shares, worth a combined 698.8 billion VND ( 37.7 million USD) a decline in value of 47.1 percent from the previous session.
Kim Long Securities KLS was the most heavily-traded share on the northern bourse, with nearly 3.8 million changing hands.
Efforts to catch the bottom of the market generated a large demand for shares which could build momentum for this week’s trading, commented analysts from Bao Viet Securities Co.
Foreign investors continued as net buyers on both markets.
In HCM City, they bought a net of nearly 2 million shares, worth a combined 117.8 billion VND (6.4 million USD), while in Hanoi they were net sellers by volume of 21,300 shares, but net buyers by value for 8.65 billion VND (467,567 USD) worth of shares./.
The volume of trading on the Ho Chi Minh Stock Exchange, meanwhile, decreased significantly, dropping 45.9 percent from Nov. 27’s level to just 35.5 million shares, worth a combined 1.5 trillion VND (81.1 million USD), a decline in total value of 44.7 percent from the previous session.
Banking shares once again led the southern market, with Sacombank STB claiming the position as most-active share on a volume of 3.9 million.
On the Hanoi Stock Exchange on Nov. 30, strong performances by the blue chips helped the HNX-Index advance by 4.14 percent to end the day at 161.85.
Trading volume dropped by half from Nov. 27’s volume, however, totalling just 21.7 million shares, worth a combined 698.8 billion VND ( 37.7 million USD) a decline in value of 47.1 percent from the previous session.
Kim Long Securities KLS was the most heavily-traded share on the northern bourse, with nearly 3.8 million changing hands.
Efforts to catch the bottom of the market generated a large demand for shares which could build momentum for this week’s trading, commented analysts from Bao Viet Securities Co.
Foreign investors continued as net buyers on both markets.
In HCM City, they bought a net of nearly 2 million shares, worth a combined 117.8 billion VND (6.4 million USD), while in Hanoi they were net sellers by volume of 21,300 shares, but net buyers by value for 8.65 billion VND (467,567 USD) worth of shares./.
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