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Sharemarkets show mixed results
Shares finished higher yesterday in Ha Noi, but lower in HCM City.
On the southern bourse, the VN-Index tumbled 0.79 per cent to 502.04 points and more than 62.69 million shares were traded with a total value of VND1.09 trillion (US$51.9 million).
The VN30-Index, tracking the southern city's 30 top shares by capitalisation and liquidity, lost 0.98 per cent to close at 560.93 points.
Meanwhile, selling pressure was strong in the afternoon session, even on blue chips.
Only four stocks managed to increase yesterday, including Hoa Phat Group (HPG), PetroVietnam Low Pressure Gas Distribution (PGD), PetroVietnam Transportation (PVT) and Vinh Son-Song Hinh (VSH), while 17 stocks fell.
Logistic company Gemardept (GMD) lost VND1,200 ($0.057) per share to VND32,800 ($1.56) and Hoa Sen Group (HSG) lost VND1,400 ($0.06) to VND42,800 ($2.038) per share. Also, real estate giants Vingroup (VIC) lost VND3,500 ($0.16) per share to VND67,500 ($3.2).
Other losers included big names such as Masan Group (MSN), Vinamilk (VNM), Da Nang Rubber (DRC), Bao Viet Group (BVH), Ree Corporation (REE) and Vietcombank (VCB).
According to FPT Securities, the benchmark index lost the 505-point-level yesterday due to blue chips failing to support it. Liquidity on the southern bourse declined as investors feared that the downward trend would continue.
However, transactions were more active on the Ha Noi Exchange.
The HNX-Index jumped 0.42 per cent to 66.49 points and the HNXFF-Index, which is composed of stocks with a minimum free-float rate of 5 per cent, gained 0.31 per cent to 66.54 points.
With more than 78.49 million shares changing hands, the total value reached VND590 billion ($28.09 million).
Meanwhile, the HNX30-Index, composed of the 30 largest shares, was 0.37 per cent higher to reach 125.68 points.
Although investors expect the information about restructuring of exchange traded funds (ETFs) this week would help boost the market, FPT Securities's speculation was not as expected.
FPT Securities forecast that the impact would be minimum, as ETFs reduced the holdings of many securities.
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