The VN-Index on the Ho Chi Minh Stock Exchange managed to rebound on May 7, after tumbling for two consecutive trading sessions to the lowest level in three months on the previous day.
The participation of the barrel-scraping capital on May 7 helped shares advance but as caution remained, the trading volume and value were modest and strongly declined over the previous trading session. Only over 52.4 million shares were traded on the southern bourse on May 7, worth 895.4 billion VND (42.6 million USD), 47 percent and 46 percent lower, respectively, than the previous day.
The VN-Index added 4.86 points or 0.88 percent to close at 559.97 points on eased selling pressure.
Gains from blue chips helped the market to reverse the trend on May 7. With gainers overwhelming losers by 18-8, the VN30-Index edged up 0.71 percent to finish at 609.51 points.
Bao Viet Holdings (BVH) suddenly witnessed a strong demand in the afternoon trading, rising 6.8 percent to the ceiling price of 36,000 VND (1.7 USD). It was a share with more than 541,000 million shares traded, of which more than 25 percent were bought by foreign investors.
Among losers, HCM City Infrastructure Investment Corporation (CII) was the most notable, losing 6.9 percent to its floor price of 24,300 VND (1.15 USD) a share on its ex-rights date of buying the company's convertible bonds.
Although the market trend was reversed, the declined liquidity became a worry and reflected the investors' caution. According to analysts, if the capital inflow does not improve in the next trading, the gain on May 7 would hardly be maintained.
The HNX-Index on Hanoi Exchange rose slightly by 0.01 percent to close at 76.56 points on May 7.
However, the HNXFF-Index, which tracked the performance of stocks with a minimum free float rate of 5 percent, dropped 0.09 percent to end at 77.13 points.
Large-cap stocks ended mixed with the HNX30-Index, composed of the bourse's top stocks closed 0.39 percent lower at 150.38 points.
With only 35.8 million shares changing hands, trading value was modest at 322.3 billion VND (15.3 million USD).-VNA
The participation of the barrel-scraping capital on May 7 helped shares advance but as caution remained, the trading volume and value were modest and strongly declined over the previous trading session. Only over 52.4 million shares were traded on the southern bourse on May 7, worth 895.4 billion VND (42.6 million USD), 47 percent and 46 percent lower, respectively, than the previous day.
The VN-Index added 4.86 points or 0.88 percent to close at 559.97 points on eased selling pressure.
Gains from blue chips helped the market to reverse the trend on May 7. With gainers overwhelming losers by 18-8, the VN30-Index edged up 0.71 percent to finish at 609.51 points.
Bao Viet Holdings (BVH) suddenly witnessed a strong demand in the afternoon trading, rising 6.8 percent to the ceiling price of 36,000 VND (1.7 USD). It was a share with more than 541,000 million shares traded, of which more than 25 percent were bought by foreign investors.
Among losers, HCM City Infrastructure Investment Corporation (CII) was the most notable, losing 6.9 percent to its floor price of 24,300 VND (1.15 USD) a share on its ex-rights date of buying the company's convertible bonds.
Although the market trend was reversed, the declined liquidity became a worry and reflected the investors' caution. According to analysts, if the capital inflow does not improve in the next trading, the gain on May 7 would hardly be maintained.
The HNX-Index on Hanoi Exchange rose slightly by 0.01 percent to close at 76.56 points on May 7.
However, the HNXFF-Index, which tracked the performance of stocks with a minimum free float rate of 5 percent, dropped 0.09 percent to end at 77.13 points.
Large-cap stocks ended mixed with the HNX30-Index, composed of the bourse's top stocks closed 0.39 percent lower at 150.38 points.
With only 35.8 million shares changing hands, trading value was modest at 322.3 billion VND (15.3 million USD).-VNA
