Stocks fall on sluggish trading (16/7)

[xiuchic]

Stocks closed in the red on sluggish trading this morning .

On the HCM City Stock Exchange, the benchmark VN-Index slid 0.41 per cent to finish at 415.28 points, on a turnover of just VND386.7 billion (US$18.4 million).

Decliners outnumbered advancers by 117-74, led by blue chips.

Seventeen of the top 30 shares by market capitalisation and liquidity sank while only two climbed. Gainers included Phu Nhuan Jewelry (PNJ), up 2.6 per cent and Sacombank (STB), up 0.5 per cent.
The VN30 Index was down 0.57 per cent to 489.53 points.

DICO-Petroleum Trading Construction Investment (PXL), with nearly 1.65 million shares changing hands, became the most active stock in the HCM City market, rising 2.27 per cent to a close of VND4,500 a share.

On the Ha Noi Stock Exchange, the HNX-Index also lost 0.67 per cent to close this morning's session at 70.10 points on a total value of VND198 billion ($9.4 million).

Large-cap shares on the Ha Noi bourse led the market fall, with the HNX30 Index down 1.3 per cent to 132.77 points.

Losers overwhelmed gainers by 135-56 overall, with VNDirect Securities (VND) the most active on a total trade of 3.25 million shares. However, VND declined 1.9 per cent to VND10,100 a share by the end of the morning.

The afternoon session will resume at 1pm.

[xiuchic]

Vietnam’s benchmark VN-Index started week on low note on July 16 as selling pressure increased while cash flow drained.

The index of 301 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange dropped 0.72 percent, or 3 points, to close at 413.98 points.

Among the index members, 80 rose, 182 fell, while 45 remained unchanged.

Trading on the city bourse fell by 25 percent in volume, and by 26.6 percent in value over the previous trading session as more than 41.73 million shares changed hands at a total value of VND560.62 billion.

Military Commercial Joint Stock Bank (MBB) was the most active share in volume with 2.03 million shares changing hands.

IDICO - Petroleum Trading Construction Investment Joint Stock Company (PXL) followed with 1.83 million shares.

Tan Tao Investment Industrial Joint Stock Company (ITA) came in third with 1.74 million shares traded.

Losers on the city bourse today included Lilama 18 Joint Stock Company (LM8), Petroleum Industrial & Civil Construction Joint Stock Company (PXI), Duyen Hai Multi Modal Transport Joint Stock Company (TCO), and Ca Mau Trading Joint Stock Company (CMV).

Viettronics Tan Binh Joint Stock Company (VTB), COMA 18 Joint Stock Company (CIG), and Construction & Materials Trading Joint Stock Company (CNT) all speeded up 5 percent to close at VND8,400, VND4,200, and VND8,400 respectively.

OPC Pharmaceutical Joint Stock Company (OPC) regained 4.86 percent to close at VND36,700.

Binh Thanh Import - Export Production & Trade Joint Stock Company (GIL) added up 4.81 percent to close at VND43,600.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – crushed 3.73 points, or 0.76 percent, to end at 488.63. Among its 30 members, 3 stocks rallied, 24 weakened, and 3 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north plunged 1.12 percent, or 0.79 points, to close at 69.78 points with 72 winners, 154 losers, and 48 stocks treading water. Around 34.49 million shares changed hands at a total value of VND304.6 billion.

HNX 30 Index - the price index of top 30 stocks calculated based on free float adjusted market capitalization – nosedived 2.3 percent, or 3.1 points, to finish at 131.43 points.

Meanwhile, the UPCoM-Index of unlisted shares surged 0.05 percent, or 0.02 points, to close at 36.72 points. A total of 329,200 shares changed hands at VND2.37 billion.

[xiuchic]

Stocks closed yesterday in the red on sluggish trading, ending three consecutive days of rises.

On the HCM City Stock Exchange, the benchmark VN-Index slid 0.72 per cent to close at nearly 414 points, with trading value topping VND560.6 billion (US$26.7 million), down 27 per cent from Friday's figure.

Decliners doubled advancers, led by blue chips.

Twenty-four of the top 30 shares by market capitalisation and liquidity sank while only three climbed. Gainers included Vietinbank (CTG), up 2.9 per cent; Phu Nhuan Jewelry (PNJ), up 0.2 per cent; and Sacombank (STB), up 0.5 per cent.

The VN30 Index was down 0.76 per cent to 488.63 points.

The Military Bank (MBB), the fifth largest listed bank, was the most active stock on a total trade of 2 million shares, rising 1.45 per cent to end at VND14,000 ($0.67).

On the Ha Noi Stock Exchange, the benchmark HNX-Index also lost 1.12 per cent to close yesterday's session at 69.78 points on a total value of VND304.6 billion ($14.5 million).

Large-cap shares on the Ha Noi bourse led the market fall, with the HNX30 Index also down 2.3 per cent to 131.43 points.

Losers overwhelmed gainers by 154-72 overall.

VNDirect Securities (VND), with over 4.6 million shares changing hands, was still the most active code in Ha Noi yesterday, declining 2.9 per cent to VND10,000 a share ($0.48).

"It is rational for investors to become more cautious after an impressive rallying streak from a near five-month low," FPT Securities Co's analysts wrote on the company's website, adding that without more positive news, investor confidence would not be sustained for long.
"The market needs time to set up a new trend," they said.

Investors are now waiting for enterprises to disclose their business results for the first half of this year. Many securities companies have already posted results and shown profits, but listed firms in general are forecast to post mixed results in the current economic slowdown.

Foreign investors were net buyers on both exchanges, picking up combined shares worth VND42 billion ($2 million).