Trading improves despite unstable rally
Trading improves despite unstable rally
Shares were still unstable despite posting gains in HCM City this November15 morning.
The VN-Index on the HCM City Stock Exchange was flat, edging up 0.01 per cent to 387.73 points. Only around 60 listed stocks increased, while the other 180 codes retreated or closed unchanged.
On the bright side, trading value increased, jumping 30 per cent over yesterday morning's level to reach VND239.5 billion (US$11.4 million). Trading volume also rose to 16.7 million shares.
The rise of the VN-Index was modest due to the tumble of major blue chips such as insurer Bao Viet (BVH), the Military Bank (MBB), property developer Vingroup (VIC), Phu My Fertiliser (DPM) and the financial conglomerate Ocean Group (OGC).
Of the 30 leading shares (in terms of capitalisation and liquidity) tracked by the VN30, only nine managed to rally. The index ended 0.03 per cent lower on 458.08 points.
On the Ha Noi Stock Exchange, the HNX-Index fell 1 per cent, reaching only 51.77 points.
The number of gainers almost doubled that of losers, while most of the stocks finished this morning's session unchanged.
Market value, however, climbed 48.7 per cent compared to yesterday morning's figure, reaching VND108.25 billion ($5.1 million) on a volume of 18.4 million shares.
The HNX30, representing the northern bourse's top shares, also slid 1.46 per cent to 94.29 points.
Afternoon trading will start at 1pm.
vietnamnews
