Stock indices decline despite CPI data (21/6)

[xiuchic]

A sluggish mood overshadowed the market this June 21 morning, driving down both shares on the two national stock exchanges.

Despite the Consumer Price Index (CPI) in June declining slightly in both Ha Noi and HCM City, the benchmark VN-Index on the HCM City Stock Exchange gave up 0.17 per cent to close the first half session at 432.16 points.

Market volume and value were modest with just 28.4 million shares, worth VND457.4 billion (US$21.8 million), changing hands.Losers outnumbered gainers by 128-57, led by blue chips.

The VN30 Index measuring the performance of the 30 largest shares by market value and liquidity sank 0.54 per cent to stand at 505.47 points.Amongst the top 30 shares, only the two largest listed lenders Vietinbank (CTG) and Vietcombank (VCB) increased 0.5 per cent and 1 per cent, respectively. Most of the others closed down slightly or remained unchanged.

Telecom equipment provider SACOM Development and Investment Corp (SAM) was the only code seeing trades in excess of 1 million shares. SAM became the most active stock on a total trade of 1.54 million shares, rising 1.2 per cent to finish this morning at VND8,600 ($0.41).

On the Ha Noi Stock Exchange, the HNX-Index ended 0.26 per cent lower at 74.17 points on a modest turnover of nearly VND149 billion ($7.1 million).

Market conditions were negative with 97 codes falling, 59 rising and up to 241 closing unchanged.
PetroVietnam Construction (PVX) was again the most active code with1.55 million shares changing hands, closing 1 per cent down at VND10,300 ($0.49) a share.

The afternoon session will resume at 1pm.

[xiuchic]

Vietnam’s benchmark VN-Index reversed previous gain on June 21 as investors were discouraged by a lackluster market.

Shares of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tripped 0.4 percent, or 1.75 points, to close at 431.14 points.

On the benchmark, 71 stocks were gainers, 159 losers, while 78 remained unchanged.

Trading on the city bourse rose by nearly 29 per cent in volume, and 11.6 per cent in value over the previous trading session as more than 43.83 million shares changed hands at a total value of VND687.29 billion.

Duc Long Gia Lai Group Joint Stock Company (DLG) was the most active share in volume with 3.96 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) dropped to second rank with 3.25 million shares.

Sacom Development & Investment Corporation (SAM) ranked third with 1.98 million shares traded.

IDICO Infrastructure Development Investment Joint Stock Company (HTI) marched south 6.67 percent to close at VND8,400.

Hoang Long Group (HLG) contracted 5 percent to close at VND9,500.

Ocean Group Joint Stock Company (OGC) pulled back 4.96 percent to close at VND13,400.

Interfood Shareholding Company (IFS) grew 5 percent to close at VND4,200.

Materials - Petroleum Joint Stock Company (COM) restored 4.93 percent to close at VND29,800.

Tuong An Vegetable Oil Joint Stock Company (TAC) rallied for three straight trading sessions, sharpening 4.88 percent to close at VND47,300.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – cropped 3.52 points, or 0.69 percent, to end at 504.71. Among its 30 members, 4 stocks mounted, 22 slumped, and 4 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north shed 0.62 percent, or 0.46 points, to close at 73.9 points with 80 winners, 125 losers, and 79 stocks treading water. Around 25.26 million shares changed hands at a total value of VND273.65 billion.

Meanwhile, the UPCoM-Index of unlisted shares recovered 0.33 percent, or 0.12 points, to close at 36.43 points. A total of 317,400 shares changed hands at VND1.84 billion.