Investors watch stock prices at Vietcom

-bank Securities Co. The VN-Index fell

.43 point, or 0.09%, from the previous

session to close at 497.67 on Tuesday

- Photo: Le Toan

Liquidity remained low with 43 million shares worth VND1.3 trillion traded at the end of the day, increasing around 2.3% and 8.3% against the session earlier respectively. Bids rose 11.9% from the previous day to 81.4 million shares while offers also increased 3.3% to 77.7 million shares.

The market opened higher given rallies among large caps and rose further to beat the 500-point level at the first and continuous matching phases.

Rising momentum, however, weakened then and the market fell back steadily and finally closed at the daily low.

The market saw only 65 stocks rising and 148 others falling, of which 10 stocks closed at their ceiling prices and 10 issues plunged to the floor prices. Blue-chips performed well with FPT, VIC, SSI and BVH moving up. Meanwhile, REE continued its recent slide joined by KSS, VHG and SRB.

Sacombank (STB) remained the most actively traded stock, shedding 0.6% from the previous day to VND17,400 with around three million shares traded. Thanh Cong Textile Garment Investment Trading Co. (TCM) came next and it gained 3.1% to VND19,700 with 2.4 million shares traded.

Foreigners became net sellers on Tuesday, buying 3.1 million shares worth VND155 billion and selling 4.6 million shares worth VND166 billion. They accounted for 11.5% and 12.3% of the market’s buying and selling value respectively.

Fiachra Mac Cana, managing director of HCMC Securities Corp., said the market fluctuated in a narrow range again on Tuesday with the VN-Index closing below 500 points for the second consecutive day. Market breadth widened slightly and foreign participation actually doubled from rather low levels although they remained net sellers.

Vietnam International Securities Co. said the market seemed to lose its energy despite supporting news from global markets and local macro economic stability.

“The market will keep moving sideways and trading volume will not change so much on Wednesday,” it said.

The Hanoi market fell a bit further in almost flat turnover of VND879 billion. The HNX-Index dropped by 0.78 point, or 0.5%, against the previous session and ended the day at 154.92.

Only 95 stocks advanced while 184 stocks fell, of which six went to the ceiling prices and 11 stocks dropped to the floor prices. Foreigners were net buyers and accounted for 0.39% and 0.2% of the market’s buying and selling value respectively.

Source: Saigontimes