Shares extended their losing streak on July 23 on the Ho Chi Minh StockExchange, as about 20 listed enterprises reported losses in the secondquarter of this year.
Unprofitable securities firms stillaccounted for a large proportion of these companies, with six brokeragesposting losses, including Trang An Securities (TAS), Sai Gon-Ha NoiSecurities (SHS), Sao Viet Securities (SVS), Phu Hung Securities (PHS),Kim Long Securities (KLS) and Phuong Dong Securities (ORS).
The VN-Index fell by 0.6 percent to 421.99 points as losers overwhelmedgainers by 169-70. The value of trades dropped 26 percent from theprevious session’s figure to 783.5 billion VND (37.3 million USD) on avolume of nearly 50.7 million shares.
Four major bluechips bucked the downward trend, with Ho Chi Minh City InfrastructureInvestment Co (CII), Phu My Fertilisers (DPM), steelmaker Hoa Phat (HPG)and Sacombank (STB) all gaining 0.9-3.1 percent on the day. Together,however, they failed to lift the VN30 Index, which tumbled by 0.3percent to close at 495.86 points.
The exchange started torevise the basket of 30 shares tracked by the VN30. Da Nang Rubber Co(DRC), steelmaker Hoa Sen Group (HSG), Military Bank (MBB) and propertydeveloper Tu Liem Urban Development Co (NTL) replaced food processorHung Vuong (HVG) and property developers Quoc Cuong Gia Lai (QCG), KhangDien House (KDH) and Sudico (SJS) in the index calcuation.
None of these new shares advanced on the session.
In the first six months of the year, shares in the VN30 had an averagemarket capitalisation of around 476 billion VND (22.6 million USD) perday, accounting for 72 percent of the entire market, the StateSecurities Commission said. They accounted for average trading value ofnearly 86.2 billion VND (4 million USD) daily, or 62 percent of themarket.
After the revisions to the VN30 Index, the indexfocuses on three major sectors, the commission said. "They are finance,10 companies; manufacturing and processing, 7 companies; and realestate, 5 companies."
On the Hanoi Stock Exchange, theHNX-Index lost 1 percent to stand at just 71.46 points. Meagre trades onthe Hanoi bourse totalled only 509 billion VND (24.2 million USD),16 percent below the previous session. The volume of trades dropped 32percent to just 43.6 million shares.
The HNX30, trackingthe capital city's leading shares in terms of capitalisation andliquidity, fell 0.94 percent to 137.37 points.-VNA
Unprofitable securities firms stillaccounted for a large proportion of these companies, with six brokeragesposting losses, including Trang An Securities (TAS), Sai Gon-Ha NoiSecurities (SHS), Sao Viet Securities (SVS), Phu Hung Securities (PHS),Kim Long Securities (KLS) and Phuong Dong Securities (ORS).
The VN-Index fell by 0.6 percent to 421.99 points as losers overwhelmedgainers by 169-70. The value of trades dropped 26 percent from theprevious session’s figure to 783.5 billion VND (37.3 million USD) on avolume of nearly 50.7 million shares.
Four major bluechips bucked the downward trend, with Ho Chi Minh City InfrastructureInvestment Co (CII), Phu My Fertilisers (DPM), steelmaker Hoa Phat (HPG)and Sacombank (STB) all gaining 0.9-3.1 percent on the day. Together,however, they failed to lift the VN30 Index, which tumbled by 0.3percent to close at 495.86 points.
The exchange started torevise the basket of 30 shares tracked by the VN30. Da Nang Rubber Co(DRC), steelmaker Hoa Sen Group (HSG), Military Bank (MBB) and propertydeveloper Tu Liem Urban Development Co (NTL) replaced food processorHung Vuong (HVG) and property developers Quoc Cuong Gia Lai (QCG), KhangDien House (KDH) and Sudico (SJS) in the index calcuation.
None of these new shares advanced on the session.
In the first six months of the year, shares in the VN30 had an averagemarket capitalisation of around 476 billion VND (22.6 million USD) perday, accounting for 72 percent of the entire market, the StateSecurities Commission said. They accounted for average trading value ofnearly 86.2 billion VND (4 million USD) daily, or 62 percent of themarket.
After the revisions to the VN30 Index, the indexfocuses on three major sectors, the commission said. "They are finance,10 companies; manufacturing and processing, 7 companies; and realestate, 5 companies."
On the Hanoi Stock Exchange, theHNX-Index lost 1 percent to stand at just 71.46 points. Meagre trades onthe Hanoi bourse totalled only 509 billion VND (24.2 million USD),16 percent below the previous session. The volume of trades dropped 32percent to just 43.6 million shares.
The HNX30, trackingthe capital city's leading shares in terms of capitalisation andliquidity, fell 0.94 percent to 137.37 points.-VNA
