Working week ends with mixed fortunes

Tien Len Steel Corp. (TLH), pricing at VND8,700, saw nearly 500,000 shares traded while Becamex Infrastructure Development (IJC), pricing at VND8,900, seeing nearly 300,000 units changing hands.

Ninh Van Bay Real Estate (NVT), which was as low as VND7,500, was among the most active stocks with some 250,000 units traded.

Some other stocks with below-par-value prices were quite active today with 100,000 to 500,000 units changing hands.

IN contrast, blue-chips largely saw a gloomy session today with just some tens of thousands to 100,000 units traded each.

Masan Group (MSN) hit the floor, skidding VND6,000 to VND121,000. Vincom Corp. (VIC) and Vinamilk (VNM) both lost VND2,000 to VND130,000 and VND112,000 respectively.

Eximbank (EIB) was active the most with more than one million shares traded, followed by Saigon Securities Inc. (SSI) with just 870,000 stocks changing hands. Both the two stocks ended flat.

Meanwhile, Bao Viet Holding (BVH) and PetroVietnam Finance (PVF) significantly rose. However, those stocks were traded at small volume of 135,000 and 220,000 units respectively.

Declining blue-chips dragged the benchmark VN-Index down 2.47 points, or 0.51 per cent, to 479.67 points.

Liquidity remained low at 18.2 million shares, worth VND403 billion ($19.47 million).

Cash flow recently keeps declining on the stock market as inflation fears still looms among investors. According to Au Viet Securities, a report from central bank had showed that deposits in dong in April reduced 1.84 per cent while deposits in strong currencies up 1.46 per cent.

“It proves that people remain concerning about inflation in the future,” said the brokerage firm.

On the Hanoi Stock Exchange (HNX), trading value was still low at VND253 billion ($12.22 million), but major stocks were traded much strongly than those on the main bourse HoSE.

PetroVietnam Northern Gas (PVG) outperformed with more than 2.5 million shares traded, followed by Thai Hoa Vietnam Group (TVH) and VnDirect Securities (VND) with more than one million shares.

PetroVietnam Construction (PVX), Kim Long Securities (KLS), Bao Viet Securities (BVS) and Asia Commercial Bank (ACB) were quite active with 500,000 to one million units changing hands each.

HNX-Index lost 0.33 points or 0.4 per cent to close at 82 points.

Overall, 110 stocks advanced compared with 81 up on the southern bourse. Meanwhile, 174 stocks lost and 73 not traded overwhelming 82 gainers on the northern bourse.