Investors remain cautious, shares gain slightly (8/8)

[xiuchic]

Shares finally added value at the end of this morning's session, but trading remained sluggish.

On the HCM City Stock Exchange, the VN-Index inched up 0.03 per cent to 422.62 points, with 92 advancers, 73 decliners and 86 codes closing unchanged.

Blue chip losses tracked by the VN30 prevented indices from gaining more ground. Insurer Bao Viet Holdings (BVH), software developer FPT (FPT), steelmaker Hoa Phat Group (HPG) and Vinamilk (VNM) lost between 0.2-1.9 per cent.

The VN30 also added 0.08 per cent to close at 502.48 points.

Investors remained cautious, trading only 14 million shares worth VND210.2 billion (US$10 million).

On the Ha Noi Stock Exchange, the HNX-Index closed up 0.76 per cent at 70.11 points.

Value decreased slightly from yesterday to VND190.8 billion ($9 million) on a volume of over 21 million shares.

Major shares in Ha Noi helped the HNX30 rise 1.23 per cent, reaching 133.97 points.

Trading will resume at 1pm.

[xiuchic]

Vietnam’s benchmark VN-Index recovered slightly on August 8 as large-cap stocks propped up market while liquidity was still relatively low.

The measure of 303 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange rebounded 0.25 percent, or 1.07 points, to close at 423.57 points.

Among the index members, 131 climbed, 96 fell, while 82 stocks remained unchanged.

Trading on the city bourse fell by 28 percent in volume, and by 36 percent in value over the previous trading session as more than 23.79 million shares changed hands at a total value of VND349.54 billion.

Tan Tao Investment Industrial Joint Stock Company (ITA) was the most active share in volume with 1.44 million shares changing hands.

Tay Bac Minerals Investment Joint Stock Company (KTB) tagged along with 1.18 million shares.

Sacom Development & Investment Corporation (SAM) remained at third place with 1.13 million shares traded.

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) resumed its four-day winning streak, regaining 5 percent to close at VND33,600.

Interfood Shareholding Company (IFS) extended its winning run to six consecutive trading sessions, adding up 4.9 percent to close at VND10,700.

Japan Vietnam Medical Instrument Joint Stock Company (JVC) fortified 4.85 percent to close at VND21,600.

Hoang Huy Investment Services Joint Stock Company (HHS) plummeted 30.08 percent to close at VND27,200.

Rang Dong Plastic Joint Stock Company (RDP) and Vinaship Joint Stock Company (VNA) weakened 5 percent to close at VND9,500, and VND3,800 respectively.

House Vietnam Joint Stock Company (NVN) collapsed 4.92 percent to close at VND5,800.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – revived 1.67 points, or 0.33 percent, to end at 503.74. Among its 30 members, 19 stocks rallied, 4 weakened, and 7 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north reclaimed 1.29 percent, or 0.9 points, to close at 70.48 points with 143 winners, 67 losers, and 70 stocks treading water. Around 39.62 million shares changed hands at a total value of VND529.48 billion.

HNX 30 Index - the price index of top 30 stocks calculated based on free float adjusted market capitalization – restored 2.08 percent, or 2.75 points, to finish at 135.1 points.

Meanwhile, the UPCoM-Index of unlisted shares mounted 0.08 percent, or 0.03 points, to close at 37.45 points. A total of 342,190 shares changed hands at VND5.06 billion