Investors finally reach out to bourse

Falling momentum reduced on both bourses. Advancers and decliners ran nearly even. Some 103 stocks lost on Ho Chi Minh Stock Exchange (HoSE), while 98 advanced.

Some 104 stocks fell and 92 rose on the Hanoi Stock Exchange (HNX).

Small- and mid-cap stocks reduced their falls. Large-cap stocks, including banking stocks and real-estate stocks largely kept unchanged.

Meanwhile, some major stocks turned head helping the market rising. Sacombank (STB) outperformed the market with 4.1 million shares matched, adding 1.31 per cent. Ocean Group (OGC) also rallied with 1.1 million shares matched and price up 3.25 per cent.

Key pillar stock Masan Group (MSN) significantly rose, up 2.14 per cent to VND95,500, while Vinamilk (VNM) rising 2.3 per cent to VND89,000. Blue chips FPT Corp. (FPT) climbed 1.46 per cent.

Some speculative stocks also turned to rally, among them Duong Hieu Trading and Mining (DHM) hit the ceiling, Vietnam Mechanization Electrification and Construction (MCG) and Binh Duong Trade and Development (TDC) modestly gained.

At the close, VN-Index ended up 1.84 points or 0.45 per cent to 415.00 points

Meanwhile, HXN-Index added 0.1 points or 0.14 per cent to 69.45 points.

But, liquidity remained weak on cautious sentiment of investors. The government last week showed the consumer price index (CPI) had fallen month-on-month, highlighting the sluggish economy.

Investors are still looking to for the government’s initiatives to boost the country’s growth. Meanwhile, some ideas started to speculate about possibility of lower deposit ceiling rate following the low CPI figure.

Trading volume reduced to 26.7 million shares worth VND461.7 billion ($22.3 million) HoSE. The figure was of just 25.1 million shares worth VND248.3 billion ($12 million) on HNX.