HA NOI — The fall of blue chips on the HCM City Stock Exchange yesterday dragged the VN-Index down 10.14 points, a decrease of 2.03 per cent, after two days of gains. Trading volume increased by 22 per cent to 32.16 million shares, worth a total of VND1.39 trillion (US$74.6 million), up 21 per cent from the previous session's value. Losers outnumbered gainers by 158 to 14. Banking shares continued to be the most actively traded on the southern bourse with 2.4 million Eximbank (EIB) shares and nearly 2 million Sacombank (STB) shares changing hands. On the Ha Noi Stock Exchange, the HNX-Index lost 4.7 points to end the day at 155.39, down 2.94 per cent. The volume of the day's trading dropped to 13.71 million shares, worth a total of VND474.07 billion ($25.6 million), down 21.3 per cent from the last trading session. Kim Long Securities (KLS) remained the most heavily traded on the northern bourse, with 1.7 million shares changing hands. "Rising stock indices for two days on … [Read more...] about VN-Index dragged down by blue chips
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Heavy early trading lifts VN-Index 2.5 percent
Heavy purchase since early session turned around the VN-Index by 2.25 percent on December 30, to 495.36 points. Daily turnover on the HCM Stock Exchange remained brisk at 2.49 trillion VND (134.6 million USD), with 55.53 million shares changing hands. Meanwhile, the Hanoi bourse jumped 2.97 percent, ending the session at 164.87 points. Total trading value rose to 978.67 billion VND (52.9 million USD) on a volume of 29.06 million shares. "The sudden change in trading is due to year-end sentiment", Nguyen Hoang Hai, an analyst at a HCM City-based securities company. "The New Year is only a day away and the sell-off has not brought expected profits due to the temporary pause in credit lending". John Harackiewicz, a securities analyst at Sacombank Securities, said in a December 30 that the firm's year-end estimate was about 480 to 500 points. "We will have to wait until January 4 before we know for sure what is happening", Harackiewicz said. The analyst predicted that small-cap and … [Read more...] about Heavy early trading lifts VN-Index 2.5 percent
VN-Index falls despite blue chip gains
HA NOI - The benchmark VN-Index lost value in the closing minutes of this morning's session, giving up 0.17 per cent to 436.64 points. A slump of over 3 per cent of the second largest company PV Gas (GAS) drove the Index down while other blue chips posted modest gains on the HCM City Stock Exchange. Half of the top 30 shares by market value and liquidity increased, with the VN30 Index up 0.2 per cent to 515.29 points. Advancers doubled decliners overall, with Tan Tao Investment Industry (ITA) temporarily leading trades in HCM City, with over 3 million shares changing hands. ITA shares rose 2.6 per cent to close at VND7,900. The overall trading value was still sluggish, totalling more than VND696.4 billion (US$33 million) on a volume of nearly 48.7 million shares. On the Ha Noi Stock Exchange, the HNX-Index closed up 0.12 per cent to 76.15 points. The total market value hit VND378.4 billion ($18 million) with 37 million shares changing hands. Gainers equalled losers … [Read more...] about VN-Index falls despite blue chip gains
Key shares weigh on VN-Index
Influential stocks Bao Viet Holdings (BVH) and Masan Group (MSN) slumped on Jan. 24 dragging the VN-Index down 1.85 percent to close at 509.88, ending its eighth successive day of gains. On the HCM Stock Exchange, heavy profit-taking pushed BVH and MSN down to their floor prices after one week of top-to-the-ceiling jumps. Sai Gon Securities Inc (SSI), the most active stock with 2.4 million shares changing hands, also declined by 2.7 percent. The market closed with 194 decliners (28 dropped to the floor), 42 gainers (six rose to the ceiling) and 48 closing unchanged. Trading volume reduced by over 18 percent from Jan. 21 to just 38.3 million shares, worth a total of 1 trillion VND (51.3 million USD). Au Viet Securities Co analysts said small investors were still used to investing in penny and mid-cap stocks whose prices range from 10,000-20,000 VND (0.51-1.03 USD). Therefore, although the VN-Index rose strongly last week, the majority of investors did not profit, and even … [Read more...] about Key shares weigh on VN-Index
Blue chips fall drives VN-Index down
HA NOI - The VN-Index continued to lose value this morning, ending the first half of today's session down 1.19 per cent at 450.21 points, led by blue chips. Over half the top 30 shares by market capitalisation and liquidity on the HCM City Stock Exchange declined. Insurer Bao Viet Holdings (BVH) and HCM City Infrastructure Investment (CII) bottomed out, while the heavyweight Vietcombank (VCB) fell 3.4 per cent. Property developer Hoang Anh Gia Lai (HAG) and food processor Masan Group (MSN) bucked the trend, rising over 1.5 per cent. Saigon Securities Inc (SSI) and Refrigeration Electrical Engineering (REE) also increased nearly 1 per cent. Decliners overwhelmed advancers by 187-50 overall. The VN30 Index dropped 0.5 per cent to stand at 520.28 points. Market value reached over VND875 billion (US$42 million) on a volume of nearly 58.5 million shares. Hoang Quan Consulting-Trading-Service Real Estate (HQC) was temporarily the most active code with 1.75 million shares … [Read more...] about Blue chips fall drives VN-Index down