Bourses end week with losses

Viet Nam's two exchanges closed down after the trading session yesterday, as investors were cautious with their investments, making it harder for the market to achieve a fillip.

Both exchanges reported a total turnover of VND1.85 trillion (US$88 million), reflecting a trading volume of over 117 million shares.

On the HCM City Stock Exchange, the VN-Index dropped 0.7 per cent to 592.57 points. The total market turnover was VND1.36 trillion ($64.7 million), trading with a volume of over 78.3 million shares. The markets also saw a mixed stock performance, resulting in 121 stocks advancing, 83 declining and 79 remaining unchanged.

Quang Nam Rubber Investment Joint Stock Company (VHG) topped the southern market with over 5.6 million shares, worth VND72.1 billion ($3.4 million), being traded. The Ocean Group Joint Stock Company (OGC) saw a massive drop in both stock prices and volume, compared with the previous session, ranking fifth in the southern market with 4.1 million shares, worth VND23.8 billion ($1.1 million), being traded.

The 30 largest stocks, in terms of capitalisation and liquidity, marked a significant slide in performance, which resulted in 618.39 points for the VN30 Index, or a drop of 0.87 per cent.

Among the 30 largest stocks, 22 declined, only three rose and five others remained unchanged. The FLC Group Joint Stock Company (FLC) was the most active code in the VN30 Index, trading a total 5.4 million shares, worth VND59.4 billion ($2.8 million).

On the Ha Noi Stock Exchange, the HNX-Index fell by 0.33 per cent to 85.77 points. The market saw a drop in liquidity to VND486.4 billion ($23.1 million) and in trading volume to over 38.7 million shares.

The HNX30, comprising the northern bourse's 30 stocks, dropped by 0.4 per cent to 165.69 points. The HNX30 also saw activity slipping to VND263 billion ($12.5 million) in trading value and 19.7 million shares.

In addition, foreign investors scaled back their purchases to VND36.4 billion ($1.73 million) for 2.3 million shares in both the markets. Foreign investors were most active on the HCM City Stock Exchange and bought a total of 2.06 million shares, worth VND33.4 billion ($1.59 million).

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