Shares make last-minute gains
Stocks managed to post small gains in the final minutes of trading despite sinking in the red on both exchanges on August 7.
Stocks managed to post small gains in the final minutes of trading despite sinking in the red on both exchanges on August 7.
On the Hochiminh Stock Exchange, the benchmark VN-Index inched up just 0.15 percent to close the session at 607.62 points.
Blue chips were mixed. Many of the biggest shares in term of market value like Masan Group (MSN), FPT Corporation (FPT), VinGroup (VIC), Hoang Anh Gia Lai Company (HAG) and Hoa Phat Group (HPG) lost value. Others like Vinamilk (VNM), Bao Viet Holdings (BVH), Ocean Group (OGC) and Saigon Securities Inc (SSI) advanced.
The VN30 which tracks the top 30 shares by market value and liquidity was up 0.03 percent, ending at 644.19 points.
Overall trading decreased with the market value declining around 25 percent from August 6 to nearly 1.459 trillion VND (69.1 million USD) on a total volume of more than 91 million shares and fund certificates.
Real estate developer FLC Group (FLC) continued to be the most active code here on a whopping volume of 17 million shares. The share prices climbed more than 3 percent to close at 13,600 VND per share.
The group reached a credit agreement with The Global Emerging Markets Group (GEM), following which GEM will invest 200 billion VND (9.5 million USD) in FLC in the next 12 months, as well as will buy 3 million FLC shares from the group's big shareholders at the price of 20,000 VND per share.
In addition, GEM also committed to subscribe 3 million shares from the shareholders of the corporation in accordance with an agreed price at 20,000 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also closed up 0.48 percent at 80.78 points as advancers outnumbered decliners by 110-78 while the remaining 167 ended flat.
Both market volume and value decreased slightly compared with the previous session, totaling nearly 49 million shares worth 532 billion VND (25.2 million USD).
Sai Gon Thuong Tin Real Estate Company (SCR), led trades on the northern bourse with a volume of 9.2 million shares, rising 5.8 percent to settle at 9,200 VND per share.
Foreign investors continued to sell local shares. They again concluded the session as net sellers on the two markets, unloading combined shares worth 130 billion VND (6.2 million USD).-VNA
On the Hochiminh Stock Exchange, the benchmark VN-Index inched up just 0.15 percent to close the session at 607.62 points.
Blue chips were mixed. Many of the biggest shares in term of market value like Masan Group (MSN), FPT Corporation (FPT), VinGroup (VIC), Hoang Anh Gia Lai Company (HAG) and Hoa Phat Group (HPG) lost value. Others like Vinamilk (VNM), Bao Viet Holdings (BVH), Ocean Group (OGC) and Saigon Securities Inc (SSI) advanced.
The VN30 which tracks the top 30 shares by market value and liquidity was up 0.03 percent, ending at 644.19 points.
Overall trading decreased with the market value declining around 25 percent from August 6 to nearly 1.459 trillion VND (69.1 million USD) on a total volume of more than 91 million shares and fund certificates.
Real estate developer FLC Group (FLC) continued to be the most active code here on a whopping volume of 17 million shares. The share prices climbed more than 3 percent to close at 13,600 VND per share.
The group reached a credit agreement with The Global Emerging Markets Group (GEM), following which GEM will invest 200 billion VND (9.5 million USD) in FLC in the next 12 months, as well as will buy 3 million FLC shares from the group's big shareholders at the price of 20,000 VND per share.
In addition, GEM also committed to subscribe 3 million shares from the shareholders of the corporation in accordance with an agreed price at 20,000 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also closed up 0.48 percent at 80.78 points as advancers outnumbered decliners by 110-78 while the remaining 167 ended flat.
Both market volume and value decreased slightly compared with the previous session, totaling nearly 49 million shares worth 532 billion VND (25.2 million USD).
Sai Gon Thuong Tin Real Estate Company (SCR), led trades on the northern bourse with a volume of 9.2 million shares, rising 5.8 percent to settle at 9,200 VND per share.
Foreign investors continued to sell local shares. They again concluded the session as net sellers on the two markets, unloading combined shares worth 130 billion VND (6.2 million USD).-VNA
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