Shares opened down on the first trading day of November on the HCM Stock Exchange, with the VN-Index closing down 0.35 percent to 451.06 points.
The value of trades declined by 45 percent to just 546.4 billion VND (28 million USD), on a volume of only 21.7 million shares.
Decliners outnumbered advancers by 138-56, with a few blue chips advancing modestly, including Vietcombank (VCB), HCM City Infrastructure and Investment (CII), PetroVietnam Finance (PVF), HCM City Securities Co, and Phu My Fertiliser (DPM). DPM was also the only share which saw volumes in excess of a million shares, thanks to heavy buys by foreign investors.
Overall, only negotiated trades remained remarkable, with over 4.1 million shares exchanged by this method, mostly by securities companies, with a net value of 114.6 billion VND (5.9 million USD).
Meanwhile, put-through trades reached only 435 billion VND (22.3 million USD), on a volume of 18 million shares – the lowest level since the beginning of this year.
On the Hanoi Stock Exchange on Nov. 1, the HNX-Index declined by 1.58 percent to close at 111.08 points. The value of trades on the northern bourse dropped by 11 percent from Oct.29's level to just 312.6 billion VND (16 million USD), on a volume of around 16.1 million shares.
Losers outnumbered gainers on the northern bourse by 229-49, with PetroVietnam Construction (PVX) again claiming the spot as most-active share nationwide on a volume of just 1.4 million shares. PVX closed down 0.93 percent, however, to 21,200 VND (1.10 USD) per share.
Foreign investors concluded Nov. 1 as net buyers on both bourses, picking up 83.3 billion VND (4.3 million USD) worth of shares.
Artex Securities Co analysts said investor concerns over rising inflation, interest rates and the foreign exchange rate could not be resolved in a few trading days and suggested that investor attitudes were unlikely to improve in the near future.
The value of the US dollar continued to climb on the black market on Nov. 1, reaching over 20,400 VND, while the price of gold set a new record of over 33.5 million VND (1,638 USD) per tael on the day. (A tael is equivalent to 1.2 ounces).
By the end of October, 26 listed companies had reported losses in the third quarter of this year, while 57 companies had announced exceeding their earnings targets for the entire year./.
The value of trades declined by 45 percent to just 546.4 billion VND (28 million USD), on a volume of only 21.7 million shares.
Decliners outnumbered advancers by 138-56, with a few blue chips advancing modestly, including Vietcombank (VCB), HCM City Infrastructure and Investment (CII), PetroVietnam Finance (PVF), HCM City Securities Co, and Phu My Fertiliser (DPM). DPM was also the only share which saw volumes in excess of a million shares, thanks to heavy buys by foreign investors.
Overall, only negotiated trades remained remarkable, with over 4.1 million shares exchanged by this method, mostly by securities companies, with a net value of 114.6 billion VND (5.9 million USD).
Meanwhile, put-through trades reached only 435 billion VND (22.3 million USD), on a volume of 18 million shares – the lowest level since the beginning of this year.
On the Hanoi Stock Exchange on Nov. 1, the HNX-Index declined by 1.58 percent to close at 111.08 points. The value of trades on the northern bourse dropped by 11 percent from Oct.29's level to just 312.6 billion VND (16 million USD), on a volume of around 16.1 million shares.
Losers outnumbered gainers on the northern bourse by 229-49, with PetroVietnam Construction (PVX) again claiming the spot as most-active share nationwide on a volume of just 1.4 million shares. PVX closed down 0.93 percent, however, to 21,200 VND (1.10 USD) per share.
Foreign investors concluded Nov. 1 as net buyers on both bourses, picking up 83.3 billion VND (4.3 million USD) worth of shares.
Artex Securities Co analysts said investor concerns over rising inflation, interest rates and the foreign exchange rate could not be resolved in a few trading days and suggested that investor attitudes were unlikely to improve in the near future.
The value of the US dollar continued to climb on the black market on Nov. 1, reaching over 20,400 VND, while the price of gold set a new record of over 33.5 million VND (1,638 USD) per tael on the day. (A tael is equivalent to 1.2 ounces).
By the end of October, 26 listed companies had reported losses in the third quarter of this year, while 57 companies had announced exceeding their earnings targets for the entire year./.
