Stocks retreat on investor caution
Stocks failed to hold gains on January 19 as investors stayed cautious
ahead of the 2014 earnings report for listed companies and probable
risks from Circular 36, which is expected to restrain lending for stock
investments.
Stocks failed to hold gains on January 19 as investors stayed cautious
ahead of the 2014 earnings report for listed companies and probable
risks from Circular 36, which is expected to restrain lending for stock
investments.
On the Hochiminh Stock Exchange, the benchmark VN-Index lost more than 3 points, or 0.57 percent, closing the January 19 session at 571.51 points.
Blue chips led the downturn as over half of the top 30 shares by market value and liquidity declined with the VN30 down 0.5 percent to end at 611.64 points.
Phu My Fertiliser (DPM) was the biggest loser, down 5.3 percent and finishing at 30,600 VND (1.43 USD) a share. Other large-cap shares like Vietcombank (VCB), Hoang Anh Gia Lai Co (HAG), Bao Viet Holdings (BVH), Saigon Securities Inc (SSI) and FPT Corp (FPT) also slumped between 0.6 and 2.5 percent.
Liquidity was low, with the market volume reaching just 88.4 million shares worth 1.5 trillion VND (70.1 million USD), down 20 percent in volume and 10 percent in value compared with January 16’s figures.
FLC Group (FLC) remained the most active code, trading 7.3 million shares. But the share price dropped 2.7 percent to 10,800 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also dipped 0.11 percent to close at 85.26 points, with the negative market condition of 82 stocks rising, 105 decreasing and 173 staying flat.
The HNX30, which tracks the top 30 shares by market liquidity here, also sank 0.41 percent to stand at 166.38 points.
Liquidity kept declining and hit a five-month low. Both market volume and value dropped 10 percent from January 16, totalling more than 41 million shares worth nearly 631 billion VND (29.5 million USD).
FLC Joint Venture Global Investment Co (KLF) was the most active stock, with 7.8 million shares. But its price fell 1.7 percent to settle at 11,500 VND each.
Foreign investors concluded as net buyers in HCM City, picking up shares worth 43.3 billion VND (2 million USD), but they were net sellers in Hanoi with a whopping 118 billion VND (5.5 million USD). Their selling focused on Tien Phong Plastics (NTP), which is worth nearly 134 billion VND (6.3 million USD), the highest level since January 2014.-VNA
On the Hochiminh Stock Exchange, the benchmark VN-Index lost more than 3 points, or 0.57 percent, closing the January 19 session at 571.51 points.
Blue chips led the downturn as over half of the top 30 shares by market value and liquidity declined with the VN30 down 0.5 percent to end at 611.64 points.
Phu My Fertiliser (DPM) was the biggest loser, down 5.3 percent and finishing at 30,600 VND (1.43 USD) a share. Other large-cap shares like Vietcombank (VCB), Hoang Anh Gia Lai Co (HAG), Bao Viet Holdings (BVH), Saigon Securities Inc (SSI) and FPT Corp (FPT) also slumped between 0.6 and 2.5 percent.
Liquidity was low, with the market volume reaching just 88.4 million shares worth 1.5 trillion VND (70.1 million USD), down 20 percent in volume and 10 percent in value compared with January 16’s figures.
FLC Group (FLC) remained the most active code, trading 7.3 million shares. But the share price dropped 2.7 percent to 10,800 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also dipped 0.11 percent to close at 85.26 points, with the negative market condition of 82 stocks rising, 105 decreasing and 173 staying flat.
The HNX30, which tracks the top 30 shares by market liquidity here, also sank 0.41 percent to stand at 166.38 points.
Liquidity kept declining and hit a five-month low. Both market volume and value dropped 10 percent from January 16, totalling more than 41 million shares worth nearly 631 billion VND (29.5 million USD).
FLC Joint Venture Global Investment Co (KLF) was the most active stock, with 7.8 million shares. But its price fell 1.7 percent to settle at 11,500 VND each.
Foreign investors concluded as net buyers in HCM City, picking up shares worth 43.3 billion VND (2 million USD), but they were net sellers in Hanoi with a whopping 118 billion VND (5.5 million USD). Their selling focused on Tien Phong Plastics (NTP), which is worth nearly 134 billion VND (6.3 million USD), the highest level since January 2014.-VNA
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