Foreign investors end five-month net buying streak in July on HNX
The Hà Nội Stock Exchange (HNX) experienced declines in both liquidity and price in July, with the HNX-Index tumbling in the second half of the month.
The head office of HNX in Tràng Tiền street, Hà Nội. — Photo courtesy of HNX
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The index closed the last trading session of the month at 235.36 points, down 0.93 per cent.
Average daily trading volume was 59.5 million shares, a decrease of 25.1 per cent from the previous month. Correspondingly, the average daily trading value dropped 21 per cent to VNĐ1.27 trillion (US$50.3 million).
The HNX30 group of stocks, comprising the 30 largest and most liquid ticker symbols, posted a trading volume of over 822 million shares worth over VNĐ20.8 trillion. The group accounts for 60 per cent of total market volume and 71.3 per cent of total market value.
Last month, the SHS stock of Saigon - Hanoi Securities JSC was the most actively traded on the bourse, accounting for 13 per cent of total market volume at over 185 million shares. It was followed by CEO of C.E.O Group, making up 6.6 per cent of volume at over 94 million shares.
In terms of price performance, the biggest gainer was ATS of Atesco JSC, which surged 60.77 per cent to close at VNĐ20,900 per share. INC of IDICO Investment Consultancy was the second best performer, climbing 43.63 per cent to VNĐ37,200.
After five consecutive months of net buying on the exchange, foreign investors were net sellers in July, offloading over VNĐ110.3 billion worth of shares. They bought nearly VNĐ1.5 trillion in stocks but sold nearly VNĐ1.6 trillion.
In July, one company delisted its shares from HNX as part of a corporate restructuring. At the end of the month, the exchange had a total of 313 listed stocks with a combined listed value of nearly VNĐ155.6 trillion.
The total market capitalisation stood at over VNĐ327 trillion at the last trading session of the month, a 0.9 per cent decrease compared to the prior month.
Bizhub
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