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VN stock markets end mixed
Share prices rallied at the HCM City Stock Exchange but continued to decline at the Ha Noi Stock Exchange yesterday.
The VN-Index added 0.68 per cent to end at 589.24 points while the VN30 Index, tracking the bourse's 30 leading stocks, also gained by 0.53 per cent to close at 628.09 points, with gainers outnumbering losers by 17 to 11.
Top gainers, including two rubber and two steel manufacturing companies, are Da Nang Rubber by 1.7 per cent, Casumina by 3.2 per cent, Hoa Phat by 2.8 per cent and Hoa Sen by 4.3 per cent, as well as PetroVietnam Drilling Services by 17 per cent and Pha Lai Thermal Power by 3.9 per cent.
Overall, a total of 114 codes added value while 99 others retreated, and the remaining 67 stocks closed unchanged. Trading value reached VND1.5 trillion (US$70.7 million), and trading volume reached 82.4 million shares.
Property developer FLC Group led the market in trading volume with more than 11 million shares changing hands.
Although the VN-Index managed to reverse the losses, selling pressure remained on the bourse, said FPT Securities Company analysts. "The caution after last week's slumps made investors spend money on the market very slowly," they noted.
At the Ha Noi Stock Exchange, the HNX-Index fell by 0.42 per cent to 87.27 points. Trading value reached VND800.2 billion ($37.7 million), with nearly 59.3 million shares changing hands.
The HNX30 Index, comprising the top 30 blue chips, dropped by 1.66 points or 0.94 per cent to 173.90 points.
The northern market traded in the green most of the time in yesterday's session. However, the tumble of blue chips such as Petrovietnam Technical Services Corporation, Asia Commercial Bank, Bao Viet Securities and Sai Gon Thuong Tin Real Estate dragged down indices.
Foreign investors widened their selling streak to six consecutive days by achieving VND48.9 billion ($2.3 million) in net sales.
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