Stocks stall on investor caution
Stocks fluctuated on both exchanges on Dec. 25 but managed to close on a
positive note, with investors remaining cautious over gains made
following recent interest rate cuts.
Stocks fluctuated on both exchanges on Dec. 25 but managed to close on a
positive note, with investors remaining cautious over gains made
following recent interest rate cuts.
The VN-Index on the HCM Stock Exchange rose another 0.41 percent to close at 401.34 points, but trading value decreased 54.4 percent from Dec .24 totalling just 579.6 billion VND (27.6 million USD).
Blue chips gained ground as the VN30, tracking the top 30 shares on the bourse, closed up 0.46 percent at 469.15 points. They were also among the most heavily-traded stocks during the day on the southern bourse.
On the Hanoi Stock Exchange, the HNX-Index finished the day at 55.04 points, up 0.07 percent, despite decliners outnumbering advancers by 115-90.
Volume of trades was down 10 percent from a day earlier, reaching 54.75 million shares, while trading value dropped 16 percent, totalling 379.5 billion VND (18.1 million USD).
Sai Gon – Hanoi Bank (SHB) took over from PetroVietnam Construction (PVX) as the most active code on the Hanoi bourse with 7.7 million shares exchanged. SHB closed 1.9 percent up at 5,400 VND.
Foreign investors concluded the day as net buyers on both exchanges, picking up a combined net value of over 73 billion VND (3.5 million USD).-VNA
The VN-Index on the HCM Stock Exchange rose another 0.41 percent to close at 401.34 points, but trading value decreased 54.4 percent from Dec .24 totalling just 579.6 billion VND (27.6 million USD).
Blue chips gained ground as the VN30, tracking the top 30 shares on the bourse, closed up 0.46 percent at 469.15 points. They were also among the most heavily-traded stocks during the day on the southern bourse.
On the Hanoi Stock Exchange, the HNX-Index finished the day at 55.04 points, up 0.07 percent, despite decliners outnumbering advancers by 115-90.
Volume of trades was down 10 percent from a day earlier, reaching 54.75 million shares, while trading value dropped 16 percent, totalling 379.5 billion VND (18.1 million USD).
Sai Gon – Hanoi Bank (SHB) took over from PetroVietnam Construction (PVX) as the most active code on the Hanoi bourse with 7.7 million shares exchanged. SHB closed 1.9 percent up at 5,400 VND.
Foreign investors concluded the day as net buyers on both exchanges, picking up a combined net value of over 73 billion VND (3.5 million USD).-VNA
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