Shares mixed on investor caution
Shares showed a mixed trend at closing on April 4, higher on the Ho Chi
Minh City Exchange but lower on the northern bourse, although April 3
witnessed a strong recovery.
Shares showed a mixed trend at closing on April 4, higher on the Ho Chi
Minh City Exchange but lower on the northern bourse, although April 3
witnessed a strong recovery.
The benchmark index's gain yesterday was narrowed down as investors became more cautious, with the VN-Index rising as much as 0.61 percent to end at 593.04 points.
Tracking the southern bourse's largest stocks by capitalisation and liquidity, the VN30-Index added 2.45 percent, or as much as 0.37 percent, to end at 667.33 points, although losers overwhelmed gainers by 13-10.
The benchmark index received support from Hoa Phat Group (HPG), which rose by 5.7 percent to close at 55,500 VND (2.6 USD) per share, Hoa Sen Group (HSG) and PetroVietnam Drilling Corporation (PVD), which earned 1,500 VND (0.07 USD) each per share.
Gains from Vinamilk (VNM), Hoang Anh Gia Lai (HAG) and Pha Lai Thermoelectric Company (PPC) also helped clear losses from losers, including insurance Bao Viet Holdings (BVH), PetroVietnam Fertilisers and Chemicals Corporation (DPM), technology giant FPT Group (FPT) and Ocean Group (OCG).
However, real estate giant Vingroup (VIC) was the market highlight, although the stock closed at its reference price on April 4.
Foreign investors spent a net value of more than 1.5 trillion VND (71.4 million USD) to buy 22.1 million shares of the VIC yesterday, accounting for 43 percent of the southern bourse's total trading value, when Xavinco Real Estate Company, in which the VIC owned 96.4 percent of the charter capital, would transfer 21.6 million shares to foreign investors.
The deal, worth 70 million USD, would become the biggest-ever stock transaction of a private company in Vietnam .
This helped boosted the market liquidity on April 4 when nearly 120 million shares, with a total trading value of 3.4 trillion VND (161.9 million USD), changed hands, higher by 15 percent and 90 percent, respectively, over April 3.
On the Hanoi Exchange, the HNX-Index posted a loss of 0.99 percent to end at 86.76 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended at 88.01 points, a drop of 1.04 percent.
Liquidity continued to decline with a trading value of 625 billion VND (29.7 million USD).
Composed of the top stocks, the HNX30-Index lost 1.07 percent to land at 178.72 points.
The FPT Securities said the market lacked supportive information to regain the upward trend in the short term and urged investors to be cautious.-VNA
The benchmark index's gain yesterday was narrowed down as investors became more cautious, with the VN-Index rising as much as 0.61 percent to end at 593.04 points.
Tracking the southern bourse's largest stocks by capitalisation and liquidity, the VN30-Index added 2.45 percent, or as much as 0.37 percent, to end at 667.33 points, although losers overwhelmed gainers by 13-10.
The benchmark index received support from Hoa Phat Group (HPG), which rose by 5.7 percent to close at 55,500 VND (2.6 USD) per share, Hoa Sen Group (HSG) and PetroVietnam Drilling Corporation (PVD), which earned 1,500 VND (0.07 USD) each per share.
Gains from Vinamilk (VNM), Hoang Anh Gia Lai (HAG) and Pha Lai Thermoelectric Company (PPC) also helped clear losses from losers, including insurance Bao Viet Holdings (BVH), PetroVietnam Fertilisers and Chemicals Corporation (DPM), technology giant FPT Group (FPT) and Ocean Group (OCG).
However, real estate giant Vingroup (VIC) was the market highlight, although the stock closed at its reference price on April 4.
Foreign investors spent a net value of more than 1.5 trillion VND (71.4 million USD) to buy 22.1 million shares of the VIC yesterday, accounting for 43 percent of the southern bourse's total trading value, when Xavinco Real Estate Company, in which the VIC owned 96.4 percent of the charter capital, would transfer 21.6 million shares to foreign investors.
The deal, worth 70 million USD, would become the biggest-ever stock transaction of a private company in Vietnam .
This helped boosted the market liquidity on April 4 when nearly 120 million shares, with a total trading value of 3.4 trillion VND (161.9 million USD), changed hands, higher by 15 percent and 90 percent, respectively, over April 3.
On the Hanoi Exchange, the HNX-Index posted a loss of 0.99 percent to end at 86.76 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended at 88.01 points, a drop of 1.04 percent.
Liquidity continued to decline with a trading value of 625 billion VND (29.7 million USD).
Composed of the top stocks, the HNX30-Index lost 1.07 percent to land at 178.72 points.
The FPT Securities said the market lacked supportive information to regain the upward trend in the short term and urged investors to be cautious.-VNA
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