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Investor fatigue drags down Index
Anaemic trading volumes dragged down the HCM Stock Exchange on Dec. 10, with the VN-Index losing another 2.2 percent and falling to just 286.85 points by the end of the day’s trading session.
Trading volume fell even more dramatically, dropping 12 percent on the day to just 7.8 million shares, for a total turnover of only 191.5 billion VND (11.6 million USD).
The day saw 118 losers and 30 gainers, with only Sacombank (STB) generating any significant activity, with orders for 1.75 million shares.
While their overall transaction levels declined significantly, foreign investors once again became net buyers of about 523,000 shares, with a net value of 41.6 billion VND (2.5 million USD). It was one of the day’s few bright spots.
Vincom Securities Co General Director, Dinh Quang Nuong said he expected the VN-Index to range between 280 and 320 between now and the end of the year.
On the Hanoi stock market on Dec. 10, the HASTC-Index slid 2.77 percent to close at 100.25 points on a trading volume of about 6 million shares and a turnover of nearly 140 billion VND (8.5 million USD).
The day saw 109 losers and 22 gainers, with trading sluggish in most codes, except for Kim Long Securities (KLS) with 1.3 million shares traded, and Asian Commercial Bank (ACB) with 827,000 shares.
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