Foreign buyers flex muscles

November 30, 2012 | 17:00

(0) user say

Put-through value soared Friday 10 times higher than recent levels with buying power from foreigners, but the market remained very lackluster.

Put-through value reached VND1.67 trillion ($80.3 million) worth of 29 million shares, among them 14 million shares worth VND1 trillion ($48.1 million) of Vincom Group (VIC).

Besides, Vinamilk (VNM) had 2 million shares worth VND245 billion ($11.8 million) negotiated. FPT Corp. (FPT) had 1.83 million shares worth VND58.7 billion ($2.8 million) and Go Dang JSC (AGD) had 2.8 million shares worth VND176.4 billion ($8.5 million) negotiated.

While put-through value continuously rallied in recent sessions, market sentiment could not improve.

Matching value stayed weak at VND202.2 billion ($9.7 million) on the southern bourse. The benchmark VN-Index fell 0.38 points or 0.1 per cent further to end at 377.82 points.

Some 106 stocks were off, compared with 99 up on HoSE.

Investors locked in profits in several speculative stocks, pushing real estate tickers Duc Long Gia Lai (DLG), Fecon Foundation Engineering and Underground Construction (FCN), Investment and Trading Of Real Estate (ITC) dropping while Bac Giang Exploitable Mineral (BGM), Vegetable Oil Packing (VPK), Japan Vietnam Medical Instrument (JVC) hitting the floor.

Large-cap stocks largely moved sideways, among them Vietcombank (VCB), Bao Viet Holdings (BVH), PetroVietnam Fertilizer and Chemical Corp. (DPM), PetroVietnam Drilling and Well Services (PVD), Vincom Group (VIC) slight went down while Eximbank (EIB) and FPT Corp. (FPT) up.

Meanwhile, the sentiment seemed to slightly improve on the HNX, with leading sentiment tickers Saigon-Hanoi Bank (SHB), Sacomreal (SCR), VNDirect Securities (VND), PetroVietnam Construction (PVX) significantly advanced.

Some pennies with price of around VND1,000 per shares quite rallied, such as South East Asia Hamico Export (KSD), Petroleum Saigon Construction And Investment Joint Stock Company (PSG), Thai Hoa Viet Nam Group (THV).

At the close, advancers outran decliners 94 to 86. However, the benchmark HNX-Index still fell 0.05 points or 0.1 per cent to 51.05 points. Both put-though and matching transaction kept weak on the northern bourse, with liquidity totaled 13.7 million shares worth VND80.2 billion ($3.9 million).