Market starts week in slow motion

December 03, 2012 | 17:00

(0) user say

Stock market continued moving sideways Monday with drying out liquidity.

Ho Chi Minh Stock Exchange’s (HoSE) VN-Index added 1.45 points or 0.38 per cent to 379.27 points, while the Hanoi Stock Exchange (HNX) HNX-Index lost 0.01 points or 0.02 per cent to 51.04 points.

While banking bad debt is still centre of investors’ attention, few details for the National Debt Trading Company (AMC) plan have been made available so far.

Matching value totaled VND282.6 billion ($13.6 million) today, unchanged from the record low level that lasting throughout recent weeks.

Put-through value reduced back today. HoSE had 21.9 million shares worth VND324.4 billion ($15.6 million) changed hands and the HNX had 14.3 million shares worth VND85.3 billion ($4.1 million) traded.

Stocks that had no transactions increased on both bourses. Up to 206 stocks were untraded today, making up 30 per cent of total stocks.

Only Truong Thanh Furniture Corp. (TTF) had over 1 million shares matched on HoSE, while the matching volume of other stocks largely reducing further. Even once top active stocks like Sao Mai Construction Corp. (ASM) and Investment and Trading Of Real Estate (ITC) had less than 100,000 units matched.

Several real-estate tickers such as Tan Tao Investment Industry Corp. (ITA), Ocean Group (OGC), Becamex Infrastructure Development (IJC), Kinh Bac City Development Share Holding Corp. (KBC), Hoa Binh Construction & Real Estate Corp. (HBC) significantly advanced.

Banking stocks ended mixed, with Eximbank (EIB) losing 2.1 per cent, Sacombank (STB) slightly climbing, Military Bank (MBB) and Vietcombank (VCB) unchanged while Vietinbank (CTG) jumping more than 4 per cent.

Mineral stocks largely reduced. Tay Bac Minerals Investment (KTB), Binh Thuan Mineral Industry (KSA), Lao Cai Mineral Exploitation & Processing (LCM), Duong Hieu Trading and Mining (DHM) ended off or even slumped. Just Bac Giang Exploitable Mineral (BGM) still strongly rose.

Decliners outran advancers 99 to 88 on the southern bourse.

Meanwhile, advancers strongly outran decliners 87 to 53 on HNX. Most leading sentiment stocks ended up or stayed unchanged. Saigon-Hanoi Bank (SHB) outperformed with more than 2 million shares matched.