Week ends on a conservative note

The Hanoi Stock Exchange (HNX) ended off after five straight rising sessions. The northern bourse shed 0.4 points or 0.72 per cent to 55.44 points.

Ho Chi Minh Stock Exchange (HoSE) lost 1.65 points or 0.42 per cent further to 392.54 points.

Red covered the market and some 113 stocks declined on HoSE, while 84 were up and 112 unchanged. Also, decliners outran advancers 114 to 86 on HNX.

Investors largely locked in profits with  pennies and mid-cap stocks, pushing those stocks down.

Real-estate small-cap stocks Vietnam Electricity Construction (VNE), Sao Mai Construction Corp. (ASM), Khang Dien House Trading and Investment (KDH), Tu Liem Urban Development (NTL) lost 1-2 per cent each. Some tickets, which strongly jumped in previous sessions like Hoa Binh Construction & Real Estate Corp. (HBC), Saigon Infrastruction Real Estate Investment (SII) turned back to sharply fell.

Among mineral stocks, Nari Hamico Minerals (KSS), Lao Cai Mineral Exploitation & Processing (LCM) eased back and Binh Thuan Mineral Industry (KSA) ended flat.

On HNX, locking in profit pressures pushed real-estate tickets FLC Group (FLC) to the floor, Saigon Commercial Real Estate (SCR) falling 1.56 per cent and mineral stocks Cavico Industry and Minerals (CMI), Hoa Binh Mineral (KHB) significantly losing.

While macroeconomics issues remaining uncertain, investors are highly cautious and are quickly locking in profits. Even with the continuing rise of leading sentiment stocks in this session, also failed to animate speculators.

Tan Tao Investment Industry Corp. (ITA) hit the ceiling and outperformed HoSE for the third straight session today. Matching volume of the ticket tripled against yesterday’s session to 10.5 million units.

Eximbank (EIB) also suddenly had as many as 14 million shares traded today, among them 12 million units were negotiated.

Kinh Bac City Development Share Holding Corp. (KBC) was active with 1.8 million shares matched, gaining 3.64 per cent.

However, matching value reduced to VND600 billion ($28.9 million). Some 55.4 million shares worth VND646.2 billion ($31.2 million) were changed hands on HoSE and 29.4 million shares worth VND186.7 billion ($9 million) were traded on HNX.