Shares head south in HCM City
Investment continued to flow into the Hanoi Stock Exchange on June 13,
lifting the HNX-Index by over 2.24 percent by the end of the session to a
close of 80.87 points, while slumping blue chips on the HCM Stock
Exchange dragged the VN-Index down by over half-a-percent.
Investment continued to flow into the Hanoi Stock Exchange on June 13,
lifting the HNX-Index by over 2.24 percent by the end of the session to a
close of 80.87 points, while slumping blue chips on the HCM Stock
Exchange dragged the VN-Index down by over half-a-percent.
The value and volume of trades in Hanoi continued to climb from previous sessions, reaching 749.6 billion VND (36.4 million USD) on a volume of nearly 70 million shares. Advancers outnumbered decliners by 258-47.
Trading was active in shares viewed as attractive to speculative investors, including Kim Long Securities Co (KLS), which became the most-active share nationwide with nearly 6.6 million shares changing hands. Trading was also heavy in shares of VNDirect Securities (VND) and PetroVietnam Construction (PVX).
On the HCM Stock Exchange, value soared by 33 percent from the previous session on June 10 to 887.3 billion VND (43 million USD) and volume rose by 40 percent to 57.6 million shares. While 76 codes hit their ceiling prices, gaining the daily limit of 5 percent, most of these were penny shares or mid caps without a heavy influence on calculation of the VN-Index.
Blue chips retreated, meanwhile, with seven of the 10 leading shares by capitalisation declining.
Shares of Saigon Securities Inc (SSI), the most-active share on the HCM City market, with 2.46 million traded, closed up 1.5 percent to 20,700 VND (about 1 USD) per share.
Analysts of PetroVietnam Securities Co said trading began strongly but then demand weakened as the VN-Index was headed to 460 points, the landmark it failed to gain last week.
"After two successive weeks of increases, many shares have almost regained their values before the downtrend," they said.
With little good economic news, there remained no solid basis for a sustainable recovery of the market, they added. /.
The value and volume of trades in Hanoi continued to climb from previous sessions, reaching 749.6 billion VND (36.4 million USD) on a volume of nearly 70 million shares. Advancers outnumbered decliners by 258-47.
Trading was active in shares viewed as attractive to speculative investors, including Kim Long Securities Co (KLS), which became the most-active share nationwide with nearly 6.6 million shares changing hands. Trading was also heavy in shares of VNDirect Securities (VND) and PetroVietnam Construction (PVX).
On the HCM Stock Exchange, value soared by 33 percent from the previous session on June 10 to 887.3 billion VND (43 million USD) and volume rose by 40 percent to 57.6 million shares. While 76 codes hit their ceiling prices, gaining the daily limit of 5 percent, most of these were penny shares or mid caps without a heavy influence on calculation of the VN-Index.
Blue chips retreated, meanwhile, with seven of the 10 leading shares by capitalisation declining.
Shares of Saigon Securities Inc (SSI), the most-active share on the HCM City market, with 2.46 million traded, closed up 1.5 percent to 20,700 VND (about 1 USD) per share.
Analysts of PetroVietnam Securities Co said trading began strongly but then demand weakened as the VN-Index was headed to 460 points, the landmark it failed to gain last week.
"After two successive weeks of increases, many shares have almost regained their values before the downtrend," they said.
With little good economic news, there remained no solid basis for a sustainable recovery of the market, they added. /.
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