Trades slow despite easing inflation
Shares posted modest gains on the HCM Stock Exchange on Oct. 24 but lost ground in Hanoi despite opening in positive territory.
Shares posted modest gains on the HCM Stock Exchange on Oct. 24 but lost ground in Hanoi despite opening in positive territory.
Global stocks failed to rebound strongly, as France and Germany still struggled to raise bailout funds and the US Federal Reserve released its so-called Beige Book, showing "weaker or less certain outlooks for business conditions" in the US.
On the HCM Stock Exchange, the VN-Index closed just 0.83 percent higher to 414.46 points, while the value of trades dropped 36.7 percent from the previous session on Oct. 21to just 346.8 billion VND (16.6 million USD). Volume totalled a mere 21.5 million shares.
The index was mainly lifted by advances in the shares of Eximbank (EIB) and food processor Masan (MSN), both of which hit their ceiling prices. Three other blue chips, including real estate developer Vincom (VIC), PetroVietnam Finance (PVF) and insurer Bao Viet Holdings (BVH), also gained 1.1-2.4 percent.
Real estate company Hoang Quan (HQC) was the most-active share with 1.3 million changing hands, but HQC declined by 2.9 percent to 10,200 VND per share.
Song Da Urban and Industrial Zone Investment Co (SJS) also dropped to its floor price of 24,800 VND per share, following headlines that the Government Inspectorate had required the company to halt its Nam An Khanh project in western Hanoi due to faults in the transfer of the project.
On the Hanoi Stock Exchange on Oct. 24, the HNX-Index retreated 1 percent from Oct. 21’s close to conclude the session at 68.43 points. The volume of trades totalled 27.7 million shares, a plunge of 30.8 percent, while the value of trades reached only 270.7 billion VND (13 million USD).
Kim Long Securities Co (KLS) saw the highest volume nationwide, with 3.9 million shares traded. It closed unchanged from Oct. 21 at 10,300 VND per share.
Foreign investors were net buyers in Hanoi by a margin of 11.4 billion VND(545,500 USD), favouring shares of PetroVietnam's subsidiaries, while they were net sellers in HCM City, unloading 1 billion VND (47,850 USD) worth of shares./.
Global stocks failed to rebound strongly, as France and Germany still struggled to raise bailout funds and the US Federal Reserve released its so-called Beige Book, showing "weaker or less certain outlooks for business conditions" in the US.
On the HCM Stock Exchange, the VN-Index closed just 0.83 percent higher to 414.46 points, while the value of trades dropped 36.7 percent from the previous session on Oct. 21to just 346.8 billion VND (16.6 million USD). Volume totalled a mere 21.5 million shares.
The index was mainly lifted by advances in the shares of Eximbank (EIB) and food processor Masan (MSN), both of which hit their ceiling prices. Three other blue chips, including real estate developer Vincom (VIC), PetroVietnam Finance (PVF) and insurer Bao Viet Holdings (BVH), also gained 1.1-2.4 percent.
Real estate company Hoang Quan (HQC) was the most-active share with 1.3 million changing hands, but HQC declined by 2.9 percent to 10,200 VND per share.
Song Da Urban and Industrial Zone Investment Co (SJS) also dropped to its floor price of 24,800 VND per share, following headlines that the Government Inspectorate had required the company to halt its Nam An Khanh project in western Hanoi due to faults in the transfer of the project.
On the Hanoi Stock Exchange on Oct. 24, the HNX-Index retreated 1 percent from Oct. 21’s close to conclude the session at 68.43 points. The volume of trades totalled 27.7 million shares, a plunge of 30.8 percent, while the value of trades reached only 270.7 billion VND (13 million USD).
Kim Long Securities Co (KLS) saw the highest volume nationwide, with 3.9 million shares traded. It closed unchanged from Oct. 21 at 10,300 VND per share.
Foreign investors were net buyers in Hanoi by a margin of 11.4 billion VND(545,500 USD), favouring shares of PetroVietnam's subsidiaries, while they were net sellers in HCM City, unloading 1 billion VND (47,850 USD) worth of shares./.
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