Tuesday, January 16, 2018

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Stock lose, trading values down

GBS - Share markets in Hanoi and Ho Chi Minh City took a tumble on July 25 with both markets reporting a decline in trading value.

In HCM City , the VN index fell 0.5 percent to 491.78 points, with the VN30 dropping an even further 0.75 percent to 544.15 points.

At the top end of the market, the 30 biggest shares, based on market capitalisation and liquidity, reported a majority loss by 23-5.

Strong performance from Vinamilk (VNM) and PetroVietnam Gas (GAS) kept losses to a minimum despite strong selling pressure across the bourse.

Overall trading dropped 28.3 percent below the previous day's value to 997.16 billion VND (47 million USD) with a total volume of 42.25 million shares.

On the Hanoi Stock Exchange, the HNX-Index fell 1.08 percent to 61.52 points, reporting a total trading value of 138.1 billion VND (6.5 million USD) and 19.6 million units.

The HNX30 shed 1.34 percent with trade closing at 115.08 points.

Meanwhile, foreign investors continued to sell off major stocks in Hanoi, shedding a total stock of 42 billion VND (1.9 million USD), including shares in Sai Gon – Hanoi Bank (SHB), PetroVietnam Construction (PVX) and Kim Long Securities (KLS).


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