Shares finally gained points on the Hanoi Stock Exchange on May 3 while they failed in Ho Chi Minh City.
On the northern bourse, the HNX-Index edged up 0.4 percent to 79.69 points. Gainers outnumbered losers by 175-112.
The value of trades increased slightly over May 2's session to 938.5billion VND (44.6 million USD) on a total of 94.4 million sharesexchanged.
Habubank, the target of a new bankingmerger, still closed at its floor price and saw the highest tradingvolume nationwide with 14.5 million shares changing hands.
The market on May 3 welcomed good news about a tax exemption schemeworth 25 trillion VND (1.2 billion USD) being considered by the Ministryof Finance, including several measures to tackle the problems with thecorporate income and value added tax.
In addition,during a meeting on May 2, deputy director of the Electricity RegulatoryDepartment Dinh The Phuc said that the electricity rate will notincrease at present.
On the HCM Stock Exchange, theVN30 tracking the bourse's 30 best stocks lost nearly 0.7 percent torest at 536.10 points. Meanwhile, the benchmark VN-Index declined 0.8percent, reaching 468.80 points.
Around 103.9million shares were traded, worth a combined value of 1.57 trillion VND(74.7 million USD) and accounting for just 87.2 percent of the previousday's level. Most blue chips tumbled, notably food processor Masan Group(MSN) and financial firm Ocean Group (OGC), which bottomed out.However, some managed to rise, including Phu My Fertiliser (DPM),property developer Hoang Anh Gia Lai (HAG) and software producer FPT,which hit its ceiling price of 65,000 VND (3 USD) per share.
"Demand grew during the afternoon session to help cut off the decline,but plunging large-cap shares still dipped the indices," said Hoa BinhSecurities Co analyst Vu Thai Ha.
It was hard toidentify the common trend of the market, but leading shares were showingsigns of declining, he added. "Therefore, investors should becautious."
Foreign investors on May 3 were buyers on both exchanges, picking up a combined margin of 45.1 billion VND (2 million USD).-VNA
On the northern bourse, the HNX-Index edged up 0.4 percent to 79.69 points. Gainers outnumbered losers by 175-112.
The value of trades increased slightly over May 2's session to 938.5billion VND (44.6 million USD) on a total of 94.4 million sharesexchanged.
Habubank, the target of a new bankingmerger, still closed at its floor price and saw the highest tradingvolume nationwide with 14.5 million shares changing hands.
The market on May 3 welcomed good news about a tax exemption schemeworth 25 trillion VND (1.2 billion USD) being considered by the Ministryof Finance, including several measures to tackle the problems with thecorporate income and value added tax.
In addition,during a meeting on May 2, deputy director of the Electricity RegulatoryDepartment Dinh The Phuc said that the electricity rate will notincrease at present.
On the HCM Stock Exchange, theVN30 tracking the bourse's 30 best stocks lost nearly 0.7 percent torest at 536.10 points. Meanwhile, the benchmark VN-Index declined 0.8percent, reaching 468.80 points.
Around 103.9million shares were traded, worth a combined value of 1.57 trillion VND(74.7 million USD) and accounting for just 87.2 percent of the previousday's level. Most blue chips tumbled, notably food processor Masan Group(MSN) and financial firm Ocean Group (OGC), which bottomed out.However, some managed to rise, including Phu My Fertiliser (DPM),property developer Hoang Anh Gia Lai (HAG) and software producer FPT,which hit its ceiling price of 65,000 VND (3 USD) per share.
"Demand grew during the afternoon session to help cut off the decline,but plunging large-cap shares still dipped the indices," said Hoa BinhSecurities Co analyst Vu Thai Ha.
It was hard toidentify the common trend of the market, but leading shares were showingsigns of declining, he added. "Therefore, investors should becautious."
Foreign investors on May 3 were buyers on both exchanges, picking up a combined margin of 45.1 billion VND (2 million USD).-VNA
