Poor trading sends shares down on both bourses (1/8)

[xiuchic]

Investors opted out of the market this morning, watching stocks fall on both national stock exchanges.

The benchmark VN-Index on the HCM City Stock Exchange lost 0.66 per cent to close the session at 411.75 points.

Trading was sluggish with just 15 million shares, worth VND235.5 billion (US$11.2 million), exchanged, down 20.4 per cent in value from yesterday morning.

Decliners outnumbered advancers by 151-49, led by blue chips.

Of the top 30 shares by market capitalisation and liquidity, 26 lost ground, while only one advanced and three closed flat.

Only logistics company Gemadept Corp (GMD) finished the session in the black, closing up 1.4 per cent at VND21,300 ($1.01).

No codes saw trades in excess of one million shares. Saigon Securities Inc (SSI) with nearly 633,000 shares traded was the most active stock, but it declined 1.5 per cent to end this morning at VND20,300 ($0.97).

On the Ha Noi Stock Exchange, the HNX-Index fell another 1.06 per cent to close at 68.46 points on a total value of just VND152 billion ($7.2 million).

The HNX30 Index also dropped 1.57 per cent to close at 128.86 points.
Losers nearly tripled gainers.

VNDirect Securities (VND) was still the most active code on the Ha Noi market with more than 2 million shares changing hands, but still fell 2.8 per cent to finish at VND10,600 ($0.52).

Trading will resume at 1pm

[xiuchic]

Vietnam’s benchmark VN-Index fell the second day on August 1 as sell-side lost patience, dumping shares heavily on news that fuel price will increase by VND900 per liter, starting 2pm today.

The index of 303 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange lowered 0.47 percent, or 1.93 points, to close at 412.55 points.

Across the benchmark, 72 stocks advanced, 162 retreated, while 75 remained unchanged.

Trading on the city bourse rose by 8.7 percent in volume, and by 2 percent in value over the previous trading session as more than 27.61 million shares changed hands at a total value of VND426.28 billion.

Tan Tao Investment Industrial Joint Stock Company (ITA) topped the list of most active shares in volume with 1.72 million shares changing hands.

This was followed by Tay Bac Minerals Investment Joint Stock Company (KTB) with 1.43 million shares.

Sacom Development & Investment Corporation (SAM) remained at third rank with 1.07 million shares traded.

Truong Long Auto & Technology Joint Stock Company (HOT) demolished 9.43 percent to close at VND4,800.

Ben Tre Aqua Product Import and Export Joint Stock Company (ABT) slashed 5.8 percent to close at VND39,000.

COMA 18 Joint Stock Company (CIG), Post & Telecommunications Investment and Construction Joint Stock Company (PTC), and Hoang Long Group (HLG) shortened 5 percent to close at VND3,800, VND7,600, and VND9,500 respectively.

Tay Bac Minerals Investment Joint Stock Company (KTB), Tan Binh Import Export Joint Stock Corporation (TIX), and Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA) all sprang 5 percent to close at VND8,400, VND18,900, and VND4,200 respectively.

Binh Dinh Minerals Joint Stock Company (BMC) levitated 4.95 percent to close at VND53,000.

Interfood Shareholding Company (IFS) and Phu Tai Joint Stock Company (PTB) both added 4.88 percent to close at VND8,600, and VND12,900 respectively.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – receded 2.22 points, or 0.45 percent, to end at 489.76. Among its 30 members, 3 stocks rallied, 21 weakened, and 6 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north eroded 0.71 percent, or 0.49 points, to close at 68.7 points with 73 winners, 127 losers, and 75 stocks treading water. Around 31.64 million shares changed hands at a total value of VND481.6 billion.

HNX 30 Index - the price index of top 30 stocks calculated based on free float adjusted market capitalization – slumped 1.19 percent, or 1.56 points, to finish at 129.35 points.

Meanwhile, the UPCoM-Index of unlisted shares ditched 0.08 percent, or 0.03 points, to close at 37.17 points. A total of 210,510 shares changed hands at VND1.2 billion.

[xiuchic]

Investors continued to opt out of the market yesterday, watching stocks fall on both national stock exchanges.
The benchmark VN-Index on the HCM City Stock Exchange lost another 0.47 per cent to close the session at 412.55 points, led by blue chips.
The VN30 Index tracking the top 30 shares by market capitalisation and liquidity was also down 0.45 per cent to 489.76 points.
Decliners outnumbered advancers by 142-72 overall.
Trading was still sluggish with just 27.6 million shares, worth VND426.3 billion (US$11.2 million), exchanged.
Only four codes exceeded more than 1 million shares traded, of which Tan Tao Industry Investment Corp (ITA), with over 1.7 million shares traded, was the most active, but closed flat at VND6,700 ($0.32)
"Investors maintain a pessimistic outlook on the market," said HCM City-based independent analyst Pham Viet Hung, noting more and more companies were reporting poor corporate earnings and disappointing investors.
By the end of July, 65 companies had posted losses in the second quarter, led by businesses operating in the fields of construction and real estate (19 firms), and securities and mining (7 firms).
On the Ha Noi Stock Exchange, attractive prices helped to lift trading volume. Over 31.6 million shares worth more than VND481.6 billion ($22.9 million) changed hands yesterday, doubling Tuesday's trading value.
However, the benchmark HNX-Index still fell another 0.71 per cent to finish yesterday at 68.70 points, with losers overwhelming gainers by 127-73.
The HNX30 Index also dropped 1.19 per cent to close at 129.35 points.
VNDirect Securities (VND) was the most active code on the Ha Noi market with more than 4 million shares changing hands, but still fell 1.8 per cent to finish at VND10,700 ($0.52).
Foreign investors concluded yesterday as net sellers on both exchanges, unloading combined shares worth VND11 billion ($524,000)