Middle of the road market performance

Volume stood at 35.96 million shares, worth VND858.89 billion ($41.49 million), on the southern bourse and at 26.17 million, worth VND428.79 billion ($20.71 million) on the northern bourse, up 20 and 31 per cent respectively.

The increased liquidity is believed as helped by foreigners turning back. On the Ho Chi Minh Stock Exchange (HoSE), the foreigners boosted their net buying today to VND50.5 billion ($2.44 million) from VND19.6 billion ($946,860) yesterday, with buying volume hit 3.38 million units.

The VN-Index fell 3.28 points, or 0.64 per cent, to 509.83 points. Meanwhile, the HNX-Index ended at 103.97 points, down 1.52 points or 1.44 per cent.

In general, worries covered the Vietnamese market due to the ongoing negative macroeconomic changes. While base commodities prices were beginning to accelerate at the heel of the exchange rate hike, gold hit VND37 million ($1,790) per tael and US dollar climbed to VND22,000 on the black market today.

Decliners strongly outran the advancers 182 to 47 on the HoSE, 250 to 57 on the HNX.

On the southern bourse, Vincom Corp (VIC) hit the floor, Hoa Phat Group (HPG) lost 1.08 per cent, PetroVietnam Fertilisers (DPM) 1.41 per cent, while Bao Viet Holding (BVH), Hoang Anh Gia Lai Group (HAG) successfully retained their prices.

Among banking shares, Vietinbank (CTG) added 1.6 per cent, Eximbank (EIB) climbed 1.32 per cent, while Sacombank (STB) unchanged and Vietcombank (VCB) slightly fell 0.28 per cent.

On the Hanoi bourse, almost all major stocks went up. Habubank (HBB) and Asia Commercial Bank (ACB) slightly skidded, while Bao Viet Securities (BVS) and PetroVietnam Insurance (PVI) significantly eased back.

Ocean Holding (OCH) and Sacomreal (SCR) fell 2.46 and 3.49 per cent respectively.

PetroVietnam Services (PVS), PetroVietnam Construction (PVX) were among the drop as well.

Meanwhile, foreigners continue their significantly selling trend when selling 811,800 units, compared with just 378,100 purchased.