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 938.5 billion VND (44.6 million USD) on a total of 94.4 million shares exchanged.
Habubank, the target of a new banking merger, still closed at its floor price and saw the highest trading volume nationwide with 14.5 million shares changing hands.
The market on May 3 welcomed good news about a tax exemption scheme worth 25 trillion VND (1.2 billion USD) being considered by the Ministry of Finance, including several measures to tackle the problems with the corporate income and value added tax.
In addition, during a meeting on May 2, deputy director of the Electricity Regulatory Department Dinh The Phuc said that the electricity rate will not increase at present.
On the HCM Stock Exchange, the VN30 tracking the bourse's 30 best stocks lost nearly 0.7 percent to rest at 536.10 points. Meanwhile, the benchmark VN-Index declined 0.8 percent, reaching 468.80 points.
Around 103.9 million 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 previous day'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 Binh Securities Co analyst Vu Thai Ha.
It was hard to identify the common trend of the market, but leading shares were showing signs of declining, he added. "Therefore, investors should be cautious."
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 938.5 billion VND (44.6 million USD) on a total of 94.4 million shares exchanged.
Habubank, the target of a new banking merger, still closed at its floor price and saw the highest trading volume nationwide with 14.5 million shares changing hands.
The market on May 3 welcomed good news about a tax exemption scheme worth 25 trillion VND (1.2 billion USD) being considered by the Ministry of Finance, including several measures to tackle the problems with the corporate income and value added tax.
In addition, during a meeting on May 2, deputy director of the Electricity Regulatory Department Dinh The Phuc said that the electricity rate will not increase at present.
On the HCM Stock Exchange, the VN30 tracking the bourse's 30 best stocks lost nearly 0.7 percent to rest at 536.10 points. Meanwhile, the benchmark VN-Index declined 0.8 percent, reaching 468.80 points.
Around 103.9 million 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 previous day'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 Binh Securities Co analyst Vu Thai Ha.
It was hard to identify the common trend of the market, but leading shares were showing signs of declining, he added. "Therefore, investors should be cautious."
Foreign investors on May 3 were buyers on both exchanges, picking up a combined margin of 45.1 billion VND (2 million USD).-VNA
