Large-cap shares have negative effect on market

Thursday, Aug 06, 2015 12:32

The index gained only 0.01 per cent to stand at 607.15 points after a rough trading session. — Photo thoibaonganhang

HA NOI (Biz Hub) — The VN Index on the HCM Stock Exchange remained nearly unchanged after the early trading session.

The index gained only 0.01 per cent to stand at 607.15 points after a rough trading session.

Although speculative shares continued to attract investment, large-cap shares proved their strong influence on the market, as 17 of the 30 largest shares fell, preventing the market from gaining value.

Among the 30 largest-cap shares, only six rose. They included Viet Nam Dairy Products Joint Stock Company (VNM), HCM City Infrastructure Investment Joint Stock Company (CII) and Ma San Group Corporation (MSN).

The market liquidity was adequate, with 65.6 million shares being exchanged, worth VND1.05 trillion (US$48.4 million).

On the Ha Noi Stock Exchange, the HNX Index fluctuated around the previous level. The index ended at 84.26 points, a decrease of 0.32 per cent.

KLF Joint Venture Global Investment (KLF) led the trading with nearly four million of its shares being exchanged, and gained 1.64 per cent in value.

Large-cap shares failed to drive the market up. FIT Investment JSC (FIT) lost 1.57 per cent in value, while Kim Vi Inox Import Export Production Joint Stock Company (KVC) lost VND2,100, or 9.86 per cent, in value.

The market liquidity was low, with more than 22 million shares being exchanged, worth VND232.3 billion ($10.6 million).

The afternoon session will start at 1pm. — VNS

Comments (0)

Statistic