HoSE takes another slide

Only 23 million shares worth VND242.8 billion ($11.7 million), the lowest level since the beginning of October, were matched on the HoSE today.

Put-through value was also low and the southern bourse’s total liquidity was 22.9 million shares worth VND292.5 billion ($14.1 million).

The market’s liquidity is drying out on tired sentiment of investors, with no encouraging news about economy being released recently.

Matching value of large-cap particularly banking stocks strongly fell to just a few hundreds of thousands units matched. Vietinbank (CTG), Eximbank (EIB) and Sacombank (STB) only had more than 100,000 units matched, while Vietcombank (VCB) even having only 38,000 units matched.

Low-price stocks which have prices of lower than VND10,000 per share became the most active ones, but several sharply fell. Kinh Bac City Development Share Holding Corp. (KBC), Petroleum Equipment Assembly and Metal Structure (PXS), Truong Thanh Furniture Corp. (TTF), Viet-Han Corp. (VHG) lost 3-4 per cent each.

Whereas, Duong Hieu Trading and Mining (DHM), Hoang Quan Consulting -Trading- Service Real Estate Corp. (HQC), Tay Bac Minerals Investment (KTB), Ninh Van Bay Real Estate (NVT) increased.

Some stocks with good third-quarter performances, such as Ba Ria Thermal Power (BTP), significantly rose.

Among large-cap stocks, Saigon Securities Inc. (SSI), Vinamilk (VNM), Bao Viet Holdings (BVH) significantly advanced. PetroVietnam Drilling and Well Services (PVD) jumped 2.89 per cent. Military Bank (MBB), Eximbank (EIB), Vietinbank (CTG) ended off.

Advancers outran decliners 104 to 96 on the southern bourse, helping the VN-Index up 1.78 points or 0.46 per cent to 391.7 points.

Advancers also outran decliners on the Hanoi Stock Exchange (HNX), with 111 up and 64 down. Several low price stocks were up on quite big bidding volumes, among them Cavico Industry and Minerals (CMI), PetroVietnam Power Land (PVL), Dai Chau (DCS), PetroVietnam-Nghe An Construction (PVA), Vinaconex-PVC Construction Investment (PVV) and Petro Vietnam Finance Land (PFL).

But the fall of large-cap stocks such as Saigon Commercial Real Estate (SCR), Saigon-Hanoi Bank (SHB) pushed the HNX-Index slightly off. The benchmark was off 0.09 points or 0.17 per cent to 53.79 points.

SCR saw 7.5 million shares matched and more than 10 million shares negotiated today on HNX and the chairman Dang Hong Anh registered to sell more than 21 million of the company’s shares yesterday.

HNX’s liquidity reached 37.2 million shares worth VND229 billion ($11.1 million).