Another week, but the same market story

August 15, 2011 | 15:15

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Liquidity continued falling to low levels on Monday with investors remaining cautious.

The Ho Chi Minh Stock Exchange’s (HoSE) total volume reached just 15.5 million shares worth VND231 billion ($11.3 million), a sharp fall from some 20 million shares on Friday’s session. Among them, the put-through volume made up 2.7 million shares worth VND47 billion ($2.3 million).

The volume on the Hanoi Stock Exchange (HNX) also reduced to 15.3 million shares worth VND147.74 billion ($7.2 million).

Investors seemed increasingly fearful about global economic uncertainties along with local macroeconomic difficulties.

The HoSE slightly ended higher today after 116 stocks climbed, with the benchmark VN-Index slightly up 0.4 points or 0.1 per cent to 384.32 points. Some 84 stocks shed and 99 were unchanged.

Blue-chips ended mixed with Vincom Corp. (VIC) gaining, while Masan Group (MSN) and Bao Viet Holdings (BVH) declined and Vinamilk (VNM) was unchanged.

Saigon Securities Inc. (SSI), Kinh Do Corp. (KDC), Hoang Anh Gia Lai (HAG), Hoa Phat Group (HPG) modestly advanced, while Vietcombank (VCB), PetroVietnam Finance (PVF) eased back.

Tay Bac Minerals Investment (KTB) and PetroVietnam Fertilisers (DPM) significantly rose.

In contrast, the HNX-Index lost 0.24 points or 0.36 per cent to 65.78 points. Decliners and advancers ran almost evenly 124 to 106, and up to 85 stocks were untraded.

Saigon-Hanoi Bank (SHB) outperformed the bourse with 2.1 million shares traded. The banking stock ended up 1.47 per cent to VND6,900.

Low-price major shares Kim Long Securities (KLS) and PetroVietnam Construction (PVX) were the most active stocks with more than one million shares changing hands each.

By Hai Linh

vir.com.vn

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