Energy shares boost bourses despite low liquidity, global market turmoil
Energy shares boost bourses despite low liquidity, global market turmoil
Vietnamese shares added value nationwide yesterday but with lower liquidity, as oil and gas shares took the spotlight in spite of previous steep declines and global market turmoil.
At the HCM City Stock Exchange, the VN-Index increased by 0.25 per cent and closed at 569.43 points. Trading value decreased by 21.7 per cent over Monday's level to VND1.8 trillion (US$84.5 million), as trading volume reached 101.6 million shares.
The VN30 Index, which tracks the performance of the top 30 shares in liquidity and value, saw a 0.14-per cent fall to 613.57 points.
Among the blue chips, eight managed to post gains while 11 tumbled, with rubber companies Casumina and Da Nang Rubber (DRC), private equity group Masan and Sacombank (STB) slumping the most.
DRC, STB and Vinh Son-Song Hinh Hydropower (VSH) are expected to be removed from the FTSE Viet Nam UCITS ETF's portfolio while Saigon Securities Inc (SSI) will possibly be added. VSH closed unchanged while SSI jumped by one per cent.
At the Ha Noi Stock Exchange, the HNX-Index likewise rallied by 0.47 per cent to 87.85 points after losing ground last Monday.
Both trading value and volume decreased over the previous session to stand at VND735.7 billion ($34.5 million) and nearly 52.8 million shares.
The HNX30 Index, which tracks the northern bourse's 30 largest stocks by value and liquidity, added 0.57 per cent to reach 175.46 points.
Foreign investors' selling activities were relatively intensive in recent trading days. Yesterday, they sold a net of VND96.5 billion ($4.5 million) in HCM City.
Notably, the net selling value on property developer Hoang Anh Gia Lai (HAG) reached more than VND100 billion ($4.7 million). HAG ended the session lower by 0.8 per cent.
Meanwhile, foreign investors concluded as net buyers in Ha Noi by a modest margin of VND12.8 billion ($600,900).
