Investors consolidates big returns

Yesterday, both the two stock exchanges soared on the news Ministry of Finance approved the Circular 74, which allowed trading on margin account and buying-selling one stock in same session. However, it is said the circular merely legalised what actually already occurred on the local market and the raise was just reflected investors’ sentiment.

In today’s sessions, both Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) fell after jumping at the session’s open. HoSE’s VN-Index lost up to 7.18 points or 1.59 per cent to 443.31 points.

Saigon Securities Inc. (SSI) was sold the most with nearly six million shares changing hands, down 0.56 per cent. Refrigeration Electrical Engineering Corp. (REE) shed 1.69 per cent after more than three million shares sold, while Investment and Trading Of Real Estate (ITC) off 4.38 per cent with more than 1.5 million units matched.

Hoang Anh Gia Lai (HAG), Tan Tao Investment Industry (ITA), Sacombank (STB) and Eximbank (EIB) eased back also after being strongly sold.

Masan Group (MSN) hit the floor while Vinamilk (VNM) dropping 2.86 per cent strongly dragging the market. Decliners more than doubled the gainers 158 to 71 on the southern bourse.

In contrast, foreigners sharply boosted their buying to 5.66 million shares, focused on SSI and REE with some 730,000 and 430,000 shares bought respectively. Major stocks FPT Corp. (FPT), HAG, PetroVietnam Fertilisers (DPM) and Vietcombank (VCB) were strongly bought as well.

The market’s move was more excited on the northern bourse, with demand for shares remaining strong.

PetroVietnam Construction (PVX) saw historical trading volume of more than 10 million shares, jumping 6.36 per cent. Kim Long Securities (KLS) and VnDirect Securities (VND) followed with 9.3 million and 7.1 million shares traded, jumping 4.44 per cent and 1.75 per cent respectively.

Bao Viet Securities (BVS) nearly hit ceiling. Vietnam Construction and Import-Export (VCG), PetroVietnam Northern Gas (PVG) and PetroVietnam Southern Gas (PGS) all gained.

Thai Hoa Vietnam Group (TVH) nearly hit the floor. The benchmark HNX-Index slightly shed 0.18 points of 0.24 per cent to 73.87 points.

Liquidity boosted up to the record high on the two stock exchanges on investors’ exciting sentiments. Trading value reached VND912.6 billion ($44.1 million) on the HoSE and VND762.44 billion ($36.8 million) on the HNX, accounted for VND1.6 trillion ($77.3 million) – the highest level since this year’s beginning of the local market.