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Stocks down, liquidity hit 1-month low
27/09/2011 9:06:15 a.m.

 

Vietnamese stock market today continued its falling trend set last Friday with VN-Index losing 5.87 points (1.33 percent) to 434.43 points and HNX-Index slipping 1.18 point (1.58 percent) to 73.4 point.

The total trading volume on Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) today reached about 70.68 million shares with trading value worth about VND1 trillion, down 11.1 percent in volume and 11.5 percent in value against the previous trading session.

On HoSE, total trading volume reached about 35.32 million shares worth over VND642 billion, down 17.6 percent in volume and 10.3 percent in value against the previous trading session.

The southern bourse’s liquidity today marked the lowest value this month.

Of the largest-cap stocks, BVH hit the floor, MSN slipped 1.5 percent after hitting the floor early in the session, while VIC stood still at the reference price.

Except KBC and DHG, other key stocks, such as SSI, QCG, ITA, ITC, KDC, OGC, PVD, HAG, HPG and FPT, slipped.

While key stocks lost points, many others with low market price, such as IJC, AAA, PVL and PXL, reached the ceiling price. The group of big gainers from last week, such as LCM, PXL and IJC, continued to reach the ceiling price.

STB led the market in terms of trading volume with 1.6 million units, closing at the reference price of ND14,200 per share.

Regarding negotiation transactions, STB reached nearly 3.9 million worth VND52 billion units at the negotiation price of VND13.500 per share.

On HNX, there were about 35.36 million shares worth about VND392.52 billion being traded, down 3.6 percent in volume and 5.9 percent in value over the previous trading session.

The trading value on the northern bourse also has also marked the lowest since August 29

Some shares, such as KLS, VND, PVX, WSS, VCG, and HBB, reached high trading volume.

By the end of the session, there were 81 gainers and 157 losers on the southern bourse, and the respective figures on the northern bourse were 67 and 199.

Foreign investors today continued their 5th net-selling on both HoSE and HNX with over VND113 billion and VND3 billion respectively.

Their net-selling session today concentrated on VIC, DPM, HPG, FPT, and PVD with VND38.32 billion, VND10.96 billion, VND9.11 billion, VND8.07 billion, and VND6.95 billion respectively.

They also focused on net-buying when focusing on DHG, BVH, SJS, ACL, and NTL with VND2.78 billion, VND1.15 billion, VND1.08 billion, VND930 million and VND500 million respectively.

VIC has been on the net-selling list for 11 latest sessions with over VND352 billion.

On the northern bourse, leading net-selling stock was PVX with over VND2.5 billion.

HNX has announced that the bond market has been recently expanded with the participation of the foreign investment funds, insurance companies and foreign banks, such as HSBC, Deutsche Bank, Standard Chartered Bank, ANZ Bank - Hanoi Branch and BNP Paris.

In the primary markets, within the two months of May and June, the foreign investors have purchased over VND 5.75 trillion G-bonds, while they almost did not participate in any bidding sessions in the first four months of this year.

In the secondary markets, the selling and buying value of the foreign investors from September 2010 to August 2011 were posted at over VND14 trillion and over VND20 trillion respectively, accounting for 17 percent and 24 percent of the total market.

In comparison to that of 2010, the transaction volume of the foreign investors retained at stable level.

Foreign investors have mainly focused on short-term bonds, mostly bonds with terms of below one year and from 1-3 years. Long-term bonds have been traded in small quantity.


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