The HCM Stock Exchange began a new weekon Feb.1 with a modest gain of just over one percent, with the VN-Indexincreasing to 486.95 points on continued sluggish trading.
Gainers outnumbered losers by 114-53, but the volume of the day’strades fell by another 10 percent form Friday’s sessions to under 22.5million shares, worth just 985.85 billion VND (52.4 million USD).Eximbank (EIB) led the market with over a million shares changinghands.
On the Hanoi Stock Exchange, the HNX-Index also rose, but by an evenslighter 0.55 percent to 161.23 points. Trading volume dropped by 19percent to 23 million shares, worth a total of 420.76 billion VND (22.4million USD). Kim Long Securities Co (KLS) remained the most activeshare on the northern bourse, responsible for 1.8 million sharestraded.
“Trading volume continued to be sluggish and trades only became busy atthe late in the session”, said an analyst from Au Viet Securities Cowho asked to remain anonymous. He also noted that the announcement ofpositive earnings data by many listed companies no longer had an impacton the market as the expected performance was already reflected in theshare prices.
“The market is likely to tread water during the remaining time leadingup to the Tet holiday,” said FPT Securities Co analysts in their dailyreport.
Investors were still worried and cautious about economic situation aswell as the impact of the recent downfall of many international stockexchanges on the domestic market, the report said./.
Gainers outnumbered losers by 114-53, but the volume of the day’strades fell by another 10 percent form Friday’s sessions to under 22.5million shares, worth just 985.85 billion VND (52.4 million USD).Eximbank (EIB) led the market with over a million shares changinghands.
On the Hanoi Stock Exchange, the HNX-Index also rose, but by an evenslighter 0.55 percent to 161.23 points. Trading volume dropped by 19percent to 23 million shares, worth a total of 420.76 billion VND (22.4million USD). Kim Long Securities Co (KLS) remained the most activeshare on the northern bourse, responsible for 1.8 million sharestraded.
“Trading volume continued to be sluggish and trades only became busy atthe late in the session”, said an analyst from Au Viet Securities Cowho asked to remain anonymous. He also noted that the announcement ofpositive earnings data by many listed companies no longer had an impacton the market as the expected performance was already reflected in theshare prices.
“The market is likely to tread water during the remaining time leadingup to the Tet holiday,” said FPT Securities Co analysts in their dailyreport.
Investors were still worried and cautious about economic situation aswell as the impact of the recent downfall of many international stockexchanges on the domestic market, the report said./.
