Shares improved slightly on the HCM Stock Exchange on July 23 with therecovery of a few large-cap stocks and a high market liquidity.
TheVN Index sometimes reached above 635 points, however, the index endedlower as shareholders posed strong selling pressure at the end andbuyers were cautious about the market condition.
The VN-Index added 2.16 points or 0.34 percent to end at 632.01 points with 86 gainers and 134 decliners.
Marketliquidity rose a little in both volume and value with nearly 121million shares traded, worth 2.32 trillion VND (107.3 million USD).
Strongselling orders later in the day pushed large-cap shares below theirprevious session values, cutting the VN Index's early gains.
Thebanking sector suffered the most from selling activity. At the end ofthe session, only Military Bank (MBB) made gains, up 1.25 percent to16,200 VND.
MBB was also the most active code with 9.75 millionshares traded, followed by Saigon Securities Incorporation (SSI) with8.8 million shares.
The gas and oil sector declined, exceptPetroVietnam Gas Joint Stock Corporation (GAS) and PetroVietnam Drilling& Well Service Corporation (PVD), respectively gaining 2,000 VNDand 900 VND in market value.
Other losers included Ma San GroupCorporation (MSN), property developer FLC Group (FLC), Vietcombank (VCB)and Vingroup Joint Stock Company (VIC).
The VN-Index could havefallen further without its support legs like Bao Viet Holdings (BVH),which hit the ceiling value at 57,500 VND, and securities and otherlarge-cap shares likes Vietnam Dairy Products Joint Stock Company (VNM)and FPT Corporation (FPT).
Foreign investors also contributed tobringing the market up by switching from net sellers on July 22 to netbuyers on the following day, with value traded totaling 82.68 billionVND (3.83 million USD).
The Hanoi Stock Exchange's HNX Indexperformance was inverted, dropping 1.7 percent to finish at 86.07 pointsas large-cap shares were sold strongly on the market.
Decliningstocks outnumbered advancing ones by 112 to 71, with 48.6 million sharestraded at a value of 641.65 billion VND (29.7 million USD).
Keysectors including banks, brokerage firms and gas corporations declined.Only VNDirect Securities JSC (VND) made a small gain of 100 VND to closeat 14,800 VND.
Kim Vi Inox Import Export Production Joint StockCompany (KVC) continued to attract huge attention from investors with avalue increase of 3,300 VND or 9.88 percent to 36,700 VND.
Saigon Thuong Tin Real Estate JSC (SCR) topped the market in number of trades, 5.37 million shares.
Foreigninvestors on the northern market totaled 16.65 billion VND (770,833USD) in net buys, 45 times larger than July 22's value.-VNA
TheVN Index sometimes reached above 635 points, however, the index endedlower as shareholders posed strong selling pressure at the end andbuyers were cautious about the market condition.
The VN-Index added 2.16 points or 0.34 percent to end at 632.01 points with 86 gainers and 134 decliners.
Marketliquidity rose a little in both volume and value with nearly 121million shares traded, worth 2.32 trillion VND (107.3 million USD).
Strongselling orders later in the day pushed large-cap shares below theirprevious session values, cutting the VN Index's early gains.
Thebanking sector suffered the most from selling activity. At the end ofthe session, only Military Bank (MBB) made gains, up 1.25 percent to16,200 VND.
MBB was also the most active code with 9.75 millionshares traded, followed by Saigon Securities Incorporation (SSI) with8.8 million shares.
The gas and oil sector declined, exceptPetroVietnam Gas Joint Stock Corporation (GAS) and PetroVietnam Drilling& Well Service Corporation (PVD), respectively gaining 2,000 VNDand 900 VND in market value.
Other losers included Ma San GroupCorporation (MSN), property developer FLC Group (FLC), Vietcombank (VCB)and Vingroup Joint Stock Company (VIC).
The VN-Index could havefallen further without its support legs like Bao Viet Holdings (BVH),which hit the ceiling value at 57,500 VND, and securities and otherlarge-cap shares likes Vietnam Dairy Products Joint Stock Company (VNM)and FPT Corporation (FPT).
Foreign investors also contributed tobringing the market up by switching from net sellers on July 22 to netbuyers on the following day, with value traded totaling 82.68 billionVND (3.83 million USD).
The Hanoi Stock Exchange's HNX Indexperformance was inverted, dropping 1.7 percent to finish at 86.07 pointsas large-cap shares were sold strongly on the market.
Decliningstocks outnumbered advancing ones by 112 to 71, with 48.6 million sharestraded at a value of 641.65 billion VND (29.7 million USD).
Keysectors including banks, brokerage firms and gas corporations declined.Only VNDirect Securities JSC (VND) made a small gain of 100 VND to closeat 14,800 VND.
Kim Vi Inox Import Export Production Joint StockCompany (KVC) continued to attract huge attention from investors with avalue increase of 3,300 VND or 9.88 percent to 36,700 VND.
Saigon Thuong Tin Real Estate JSC (SCR) topped the market in number of trades, 5.37 million shares.
Foreigninvestors on the northern market totaled 16.65 billion VND (770,833USD) in net buys, 45 times larger than July 22's value.-VNA
