Cash inflow eases bourse losses
Cash inflow eases bourse losses
Selling pressures dragged down the benchmark index on the HCM City Exchange yesterday, while the Ha Noi Exchange witnessed liquidity setting a 12-month high.
On the northern bourse, shares lost during the first trading hour. However, they recovered soon, thanks to a huge amount of money being injected into the market.
The trading value yesterday peaked at more than VND1 trillion (US$47.6 million) on the exchange of 103.6 million shares, setting a record high for the past 12 months.
On the HCM City Exchange, the VN-Index lost 0.35 per cent to end at 570.2 points. Liquidity remained high, with more than 163 million shares changing hands and the total trading value reaching VND2.5 trillion ($119 million).
The significant cash flow into the bourse yesterday helped the benchmark index to avoid greater losses. The selling pressure also eased in the afternoon trading when the liquidity soared.
Tracking the southern exchange's 30 largest shares by capitalisation and liquidity, the VN30-Index lost 0.41 per cent to end at 638.8 points. The losers overwhelmed the gainers by 20-6.
Overall, 135 codes managed to add value while 106 codes lost value. The market's spotlight was on the stocks of the real estate sector yesterday.
Property developer Hoang Anh Gia Lai led the bourse by liquidity with 12.2 million shares traded, making a gain of VND1,000 ($0.049) per share.
Tan Tao Group ranked second with 11.3 million shares changing hands, making a gain of VND100 ($0.0049) per share.
The blue chips which managed to post gains yesterday were PetroVietnam Fertilisers and Chemicals Corporation, Da Nang Rubber Corporation, Ocean Group and Pha Lai Thermoelectric Company.
With losses from firms such as the Bao Viet Group, FPT Group, PetroVietnam Drilling, Masan Group, Vingroup and the Hoa Phat Group, the VN30-Index closed down yesterday.
With strong cash flow, the HNX-Index on the northern bourse advanced 1.11 per cent to reach 79.6 points, while the HNXFF-Index, composed of stocks with minimum free-float rate of 5 per cent, increased 1 per cent to end at 78.44 points.
The HNX30-Index, tracking the capital city's top shares, closed at 158.27 points, an increase of 1.7 per cent.
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