Index falls as sluggish trades continue

The VN-Index slid another 2.12 points on Jan. 20 to close at 302.86, as trading activity hardly improved on the Ho Chi Minh Stock Exchange.

Trading volume reached nearly 5 million shares for a turnover of about 110 billion VND (6.5 million USD).

Foreign investor transactions also remained slow with around 1.2 million shares changing hands. They were net buyers of 255,000 shares with a net value of 5.5 billion VND (324,000 USD).

The Vietnam International Securities (VIS) analysis department said that investors are now cautious and waiting on clear signs from the market, adding that the Government’s 1 billion USD stimulus plan would partly support enterprises. It said the overall picture of the market would truly obvious when the majority of companies’ financial reports were released.

In Hanoi on Jan. 20, the HATSC-Index declined 1.24 percent to end the day at 100.69 points. Trading volume was about 2.8 million shares worth 54 billion VND (3.2 million USD).

The domestic stock market will be closed for the Tet holiday from Jan. 26 to Jan. 30.

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