Trading continued to be sluggish on November 24, pulling down afternoon indices on the two stock exchanges.
Despitepositive reactions from experts on the impact of Circular 36, investorsstill feared that the regulation would distress capital inflow. Thecircular stipulates that banks cannot lend more than 5 percent ofcharter capital for stock investment starting in February.
Slowertrading pushed the VN-Index on the HCM Stock Exchange down 0.94 percentto close at 582.53 points and the HNX-Index on the Hanoi Stock Exchangedown 1.26 percent to 88.02 points.
Almost 50 percent ofstocks lost value across the two boards, led by blue chips. Majorlarge-cap stocks like PV Gas (GAS), Vinamilk (VNM), Masan Group (MSN),Hong Anh Gia Lai Co (HAG), Bao Viet Holdings (BVH) and Saigon SecuritiesInc (SSI) all declined between 0.5-3 percent.
The VN30, which tracks the top 30 shares by market value and liquidity, slipped 1.18 percent to finish at 616.39 points.
Market volume was down 30 percent in HCM City, totaling nearly 116 million shares worth 2.02 trillion VND (94.8 million USD).
Therewere similar figures on the Hanoi bourse: 56 million shares, worth 823billion USD (38.6 million USD), down 20 percent in both volume and valuecompared with November 22's levels.
Investors stillfocused on speculative stocks, showing interest in real estate companieslike FLC Group (FLC), An Duong Thao Dien Co (HAR), Tan Tao InvestmentIndustry (ITA) in HCM City and KLF Joint Venture Global Investment(KLF), PetroVietnam Construction (PVX) and Sai Gon Thuong Tin RealEstate (SCR) in Ha Noi. FLC and KLF were the two most active codes with19 million shares and 11 million shares traded on each code,respectively.
Foreign investors concluded as net buyers onHCM City's market, picking up shares worth nearly 31 billion VND (1.5million USD), but were net sellers on Hanoi's market, unloading over 3billion VND(141,000 USD) in shares.-VNA
Despitepositive reactions from experts on the impact of Circular 36, investorsstill feared that the regulation would distress capital inflow. Thecircular stipulates that banks cannot lend more than 5 percent ofcharter capital for stock investment starting in February.
Slowertrading pushed the VN-Index on the HCM Stock Exchange down 0.94 percentto close at 582.53 points and the HNX-Index on the Hanoi Stock Exchangedown 1.26 percent to 88.02 points.
Almost 50 percent ofstocks lost value across the two boards, led by blue chips. Majorlarge-cap stocks like PV Gas (GAS), Vinamilk (VNM), Masan Group (MSN),Hong Anh Gia Lai Co (HAG), Bao Viet Holdings (BVH) and Saigon SecuritiesInc (SSI) all declined between 0.5-3 percent.
The VN30, which tracks the top 30 shares by market value and liquidity, slipped 1.18 percent to finish at 616.39 points.
Market volume was down 30 percent in HCM City, totaling nearly 116 million shares worth 2.02 trillion VND (94.8 million USD).
Therewere similar figures on the Hanoi bourse: 56 million shares, worth 823billion USD (38.6 million USD), down 20 percent in both volume and valuecompared with November 22's levels.
Investors stillfocused on speculative stocks, showing interest in real estate companieslike FLC Group (FLC), An Duong Thao Dien Co (HAR), Tan Tao InvestmentIndustry (ITA) in HCM City and KLF Joint Venture Global Investment(KLF), PetroVietnam Construction (PVX) and Sai Gon Thuong Tin RealEstate (SCR) in Ha Noi. FLC and KLF were the two most active codes with19 million shares and 11 million shares traded on each code,respectively.
Foreign investors concluded as net buyers onHCM City's market, picking up shares worth nearly 31 billion VND (1.5million USD), but were net sellers on Hanoi's market, unloading over 3billion VND(141,000 USD) in shares.-VNA
