Stocks decline, but 2015 growth potential seen
National stocks tumbled on January 27 despite earlier gains in the morning.
National stocks tumbled on January 27 despite earlier gains in the morning.
On the Hochiminh Stock Exchange, while blue chips performed actively in the morning, they pushed the VN30 Index down 0.43 percent to reach 609.98 points towards the end of the session.
Losers outnumbered gainers by 23 to four. Commercial baker Kinh Do (KDC) retained its momentum to hit the ceiling price of 49,800 VND (2.3 USD) after announcing it will probably pay dividends in cash at a record 200 percent.
Vinamilk (VNM)'s growth weakened from 3.5 percent at the morning close to 2.5 percent at the end of the day.
The benchmark VN-Index fell 0.23 percent to 579.30 points on turnover of 2.8 trillion VND (131.5 million USD).
Yun Hang Jin from Korea Investment and Securities said that the Vietnamese stock market had potential to grow this year, although the supportive factors will not be as strong as in 2014. He predicted the VN-Index could rally to last year's peak of around 650 points.
On the Hanoi Stock Exchange, the HNX-Index closed at 86.09 points, dropping 1 percent.
Trading value reached over 1 trillion VND (46.9 million USD) as nearly 83.7 million shares changed hands.
The top 30 stocks on the northern bourse sent the HNX30 Index down 1.6 percent to 165.94 points.
Real estate firm Sacomreal (SCR) was the most heavily traded stock, seeing 19.7 million shares exchanged, although the floor price dipped.
Foreign investors were net sellers on the HCM Stock Exchange by 102.9 billion VND (4.8 million USD) while concluding as net buyers in the capital by just 366.2 million VND (17,190 USD).
According to Jin, there will not be a significant increase in foreign direct investment in the domestic stock market in the first half of this year.-VNA
On the Hochiminh Stock Exchange, while blue chips performed actively in the morning, they pushed the VN30 Index down 0.43 percent to reach 609.98 points towards the end of the session.
Losers outnumbered gainers by 23 to four. Commercial baker Kinh Do (KDC) retained its momentum to hit the ceiling price of 49,800 VND (2.3 USD) after announcing it will probably pay dividends in cash at a record 200 percent.
Vinamilk (VNM)'s growth weakened from 3.5 percent at the morning close to 2.5 percent at the end of the day.
The benchmark VN-Index fell 0.23 percent to 579.30 points on turnover of 2.8 trillion VND (131.5 million USD).
Yun Hang Jin from Korea Investment and Securities said that the Vietnamese stock market had potential to grow this year, although the supportive factors will not be as strong as in 2014. He predicted the VN-Index could rally to last year's peak of around 650 points.
On the Hanoi Stock Exchange, the HNX-Index closed at 86.09 points, dropping 1 percent.
Trading value reached over 1 trillion VND (46.9 million USD) as nearly 83.7 million shares changed hands.
The top 30 stocks on the northern bourse sent the HNX30 Index down 1.6 percent to 165.94 points.
Real estate firm Sacomreal (SCR) was the most heavily traded stock, seeing 19.7 million shares exchanged, although the floor price dipped.
Foreign investors were net sellers on the HCM Stock Exchange by 102.9 billion VND (4.8 million USD) while concluding as net buyers in the capital by just 366.2 million VND (17,190 USD).
According to Jin, there will not be a significant increase in foreign direct investment in the domestic stock market in the first half of this year.-VNA
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