Stocks shake off three-day slump
Domestic stocks managed a three-day losing streak on July 2, with the VN-Index closing up a modest 0.88 percent to 433.79.
High-profile newcomers Vietcombank (VCB) and Bao Viet Holdings (BVH) both plummeted on July 2. VCB closed off 4.13 percent to 58,000 VND, while BVH dropped 4.95 percent to end the day at 48,000 VND.
High-profile newcomers Vietcombank (VCB) and Bao Viet Holdings (BVH) both plummeted on July 2. VCB closed off 4.13 percent to 58,000 VND, while BVH dropped 4.95 percent to end the day at 48,000 VND.
Domestic stocks managed a three-day losing streak on July 2, with the VN-Index closing up a modest 0.88 percent to 433.79.
High-profile newcomers Vietcombank (VCB) and Bao Viet Holdings (BVH) both plummeted on July 2. VCB closed off 4.13 percent to 58,000 VND, while BVH dropped 4.95 percent to end the day at 48,000 VND.
Overall, advancers outnumbered decliners by 105 to 43 on the HCM Stock Exchange, while trading volume reached 40.6 million shares, worth a total of 1.5 trillion VND (84.3 million USD).
Sacombank (STB) continued to holds its place as the most-active share, with nearly 7 million traded, accounting for 17 percent of total market volume.
On the Hanoi Stock Exchange, the HNX-Index managed a stronger advance, gaining 2.46 percent on the day to close at 146. Trading volume on the northern bourse was nearly 20 million shares, worth a combined total of 623 billion VND (35 million USD).
Market leader Asia Commercial Bank (ACB) represented 18 percent of volume, with 3.6 million shares traded.
Foreign investors contributed significantly to July 2 gains, with strong buys on both markets. They finished the day on the HCM City exchange as net buyers of 3.5 million shares, with a net value of 123.8 billion VND (7 million USD) on an overall volume of 7.1 million shares.
The struggling public unlisted company market (UPCoM) continued to perform below expectations, with the UPCoM-Index declining another 2.15 percent to close at 70.91.
Trading volume continued to improve, rising to 401,500 shares for a turnover of 4.7 billion VND (264,000 USD). SME Securities (SME) accounted for nearly half of the volume, with 186,200 shares traded./.
High-profile newcomers Vietcombank (VCB) and Bao Viet Holdings (BVH) both plummeted on July 2. VCB closed off 4.13 percent to 58,000 VND, while BVH dropped 4.95 percent to end the day at 48,000 VND.
Overall, advancers outnumbered decliners by 105 to 43 on the HCM Stock Exchange, while trading volume reached 40.6 million shares, worth a total of 1.5 trillion VND (84.3 million USD).
Sacombank (STB) continued to holds its place as the most-active share, with nearly 7 million traded, accounting for 17 percent of total market volume.
On the Hanoi Stock Exchange, the HNX-Index managed a stronger advance, gaining 2.46 percent on the day to close at 146. Trading volume on the northern bourse was nearly 20 million shares, worth a combined total of 623 billion VND (35 million USD).
Market leader Asia Commercial Bank (ACB) represented 18 percent of volume, with 3.6 million shares traded.
Foreign investors contributed significantly to July 2 gains, with strong buys on both markets. They finished the day on the HCM City exchange as net buyers of 3.5 million shares, with a net value of 123.8 billion VND (7 million USD) on an overall volume of 7.1 million shares.
The struggling public unlisted company market (UPCoM) continued to perform below expectations, with the UPCoM-Index declining another 2.15 percent to close at 70.91.
Trading volume continued to improve, rising to 401,500 shares for a turnover of 4.7 billion VND (264,000 USD). SME Securities (SME) accounted for nearly half of the volume, with 186,200 shares traded./.
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