Struggling blue chips drag markets into the red
Shares tumbled in both cities on September 19. On the Ho Chi Minh City
Stock Exchange, the VN-Index lost 0.7 percent to close at 474.26 points.
Shares tumbled in both cities on September 19. On the Ho Chi Minh City
Stock Exchange, the VN-Index lost 0.7 percent to close at 474.26 points.
The VN30, tracking the southern bourse's 30 largest stocks in terms of capitalisation and liquidity, also retreated 0.8 percent to 531.63 points. Only Phu My Fertiliser (DPM), software firm FPT (FPT), commercial baker Kinh Do (KDC) and PetroVietnam General Services (PET) managed to rally out of the blue chip stocks.
PetroVietnam Finance (PVF) hit its floor price again, while shares of Vietcombank (VCB), PetroVietnam Drilling Services (PVD), logistics firm Gemadept (GMD), rubber firms Casumina (CSM) and Da Nang Rubber (DRC) and HCM City Infrastructure Investment (CII) dropped between 2.3-4.8 percent.
Total trading value reached 744 billion VND (35 million USD) on a volume of 39 million shares.
On the Hanoi Stock Exchange, the benchmark HNX-Index slid 1.34 percent to close at 58.73 points.
Transactions on the bourse were low at just 172.8 billion VND (8.1 million USD) on a volume of 27.2 million shares.
The HNX30, comprising the top 30 stocks, shed more than 2.1 percent to finish at 107.02 points.
While foreign investors concluded the day as net buyers in Hanoi by a margin of 12.4 billion VND (584,900 USD), they were net sellers in HCM City with a net value of 16.6 billion VND (783,000 USD).
In the short term, the market will be directed mainly by the transactions of foreign investors.
On the bond market, Government-guaranteed bonds issued by the Vietnam Development Bank failed to attract buyers on September 18. Among the 3 trillion VND (141.5 million USD) bonds of two-year, three-year, five-year and 10-year terms on offer, only 10-year bonds worth 100 billion VND (4.7 million USD) were sold, yielding 9.2 percent peryear.
According to the Hanoi Stock Exchange, the Vietnam Development Bank has raised 24.4 trillion VND (1.1 billion USD) through Government-guaranteed bonds since the beginning of this year.-VNA
The VN30, tracking the southern bourse's 30 largest stocks in terms of capitalisation and liquidity, also retreated 0.8 percent to 531.63 points. Only Phu My Fertiliser (DPM), software firm FPT (FPT), commercial baker Kinh Do (KDC) and PetroVietnam General Services (PET) managed to rally out of the blue chip stocks.
PetroVietnam Finance (PVF) hit its floor price again, while shares of Vietcombank (VCB), PetroVietnam Drilling Services (PVD), logistics firm Gemadept (GMD), rubber firms Casumina (CSM) and Da Nang Rubber (DRC) and HCM City Infrastructure Investment (CII) dropped between 2.3-4.8 percent.
Total trading value reached 744 billion VND (35 million USD) on a volume of 39 million shares.
On the Hanoi Stock Exchange, the benchmark HNX-Index slid 1.34 percent to close at 58.73 points.
Transactions on the bourse were low at just 172.8 billion VND (8.1 million USD) on a volume of 27.2 million shares.
The HNX30, comprising the top 30 stocks, shed more than 2.1 percent to finish at 107.02 points.
While foreign investors concluded the day as net buyers in Hanoi by a margin of 12.4 billion VND (584,900 USD), they were net sellers in HCM City with a net value of 16.6 billion VND (783,000 USD).
In the short term, the market will be directed mainly by the transactions of foreign investors.
On the bond market, Government-guaranteed bonds issued by the Vietnam Development Bank failed to attract buyers on September 18. Among the 3 trillion VND (141.5 million USD) bonds of two-year, three-year, five-year and 10-year terms on offer, only 10-year bonds worth 100 billion VND (4.7 million USD) were sold, yielding 9.2 percent peryear.
According to the Hanoi Stock Exchange, the Vietnam Development Bank has raised 24.4 trillion VND (1.1 billion USD) through Government-guaranteed bonds since the beginning of this year.-VNA
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