Domestic stock market reverses after month of gains

Nhan Dan Online - Securities offers continued to increase sharply in the last trading session of the week, thus, many listed stocks became decliners this session. The indexes of both southern and northern bourses dropped on July 18, after nearly of month of impressive gains.

This has been the second declining session since June 23. The other session was on July 7 with a slight drop. Thus, during this period with 17 gaining and two declining sessions, the VN-Index increased by a total of 116.98 points, quite impressively compared to a long time of decreases earlier which brought the index down to 370 points.

What was most impressive this week was the busy trading activities in all five sessions of the week, which saw over 99 million units of shares and fund certificates successfully matched. Thus, on average, nearly 20 million units were traded in a session, a very high volume.

The VN-Index closed the week down 1.38% or 6.78 points at 483.05. There were 113 losers, most of them hitting ceiling prices while only 24 gained out of the 156 listed stocks allowed to trade on the southern bourse.

The trading volume maintained at an impressive level as nearly 26.9 million shares and fund certificates were traded successfully via order matching for VND 1.04 trillion. This is the second session this week total trading value exceeded VND 1 trillion.

Of the top large-cap stocks, five were in the list of losers: VNM, ITA, DPM, PVD and PPC while three moved to the opposite direction: FPT, SSI and HPG.

STB maintained its reference price of VND 29,600 a share and was also the most traded stock with more than 5.8 million units traded this session. Other stocks in this list included DPM, over 4.5 million units matched; HPG: nearly 1.9 million units and VTO: nearly 1.5 million units.

The situation on the northern bourse was the same as the southern bourse as the HASTC-Index also experienced a slight decrease after impressive gains. The index closed the week at 149.68, down 0.9% or 1.36 points.

Trading was busy as more than 15.8 million units were matched for VND 536 billion.

Thu Thin


 


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