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| Transactions take place at BIDV Securities Company in Ha Noi. Investors saw reductions on both securities exchanges in Ha Noi and HCM City yesterday. — VNS Photo Truong Vi |
HA NOI (Biz Hub) — The share prices of Vietnamese stock markets fell yesterday in spite of some upward movements earlier in the session.
At the HCM City Stock Exchange, the VN-Index gained by 0.21 per cent at certain points but finally lost by 0.23 per cent to 597.01 points. Trading value reached VND2.4 trillion (US$113.2 million), and trading volume reached 146 million shares.
The slump in 19 of 30 blue chips that the VN30 Index tracked brought the index down by 0.35 per cent to close at 637.68 points.
At the Ha Noi Stock Exchange, the HNX-Index fell by 0.04 per cent to 88.68 points on a turnover of VND993.7 billion ($46.8 million) as the volume of transactions rose to around 68 million shares.
However, the HNX30 Index, representing the performance of Ha Noi's 30 largest stocks, added 0.14 per cent to reach 177.22 points.
Logistics stocks performed the best, adding an overall value of 2.7 per cent, notably PetroVietnam Transportation (PVT), Vipco Transport (VIP) and Vietnam Tanker (VTO). Meanwhile, shares in the hardware technology and equipment sector lost the most, by 2.9 per cent.
Tran Duc Anh, analyst for Bao Viet Securities, commented: "Market sentiment is quite unstable. At some points, profit-taking occurred, causing a widespread negative effect and sending indices down deeply."
However, a highlight of yesterday's trading was the increase in liquidity due to bottom-fishing. Real estate stocks attracted most of the money with millions of shares traded, including An Duong Thao Dien (HAR), Kinh Bac Urban Development (KBC) and FLC Group (FLC), as well as Tan Tao (ITA) and Duc Long Gia Lai (DLG).
Several stocks in other industries likewise witnessed high liquidity such as Quang Nam Rubber (VHG), Saigon Securities Inc (SSI), International Development and Investment (IDI) and Hoang Huy Investment Services (HHS).
Retailer KLF Investment (KLF) led the two bourses in terms of trading value with more than 14.5 million shares changing hands. It increased by 3.5 per cent to VND11,700 per share.
After a heavy sale on Tuesday, foreign investors became net buyers once more by a modest margin of more than VND14 billion ($660,300 million). — VNS