Markets down as foreign investors sell more shares
Both northern and southern shares ended in red after the trading session closed on March 9.
Foreign investors remained net sellers. They sold a total of more than four million shares, worth VND112 billion (US$5.3 million), an increase of 7.02 percent in Hanoi over the last trading session and 1.02 percent in Ho Chi Minh City.
Foreign investors were most active on the southern market. They sold more than 4.3 million shares, an increase of 30.37 percent, and reached a total value of VND115 billion (US$5.48 million), an increase of 10.77 percent.
Foreign investors were net buyers on the northern market, as well. However, their total trading volume and trading value decreased by 38.7 and 59.5 percent to 282,660 shares and VND2.9 billion (US$138,000), respectively.
Overall, both markets traded a total volume of 137 million shares and saw a total of VND2.36 trillion (US$112 million).
On the Hochiminh Stock Exchange, the VN-Index rapidly dropped by 0.93 percent to 588.44 points. The total market turnover was VND1.86 trillion (US$88.8 million), with a volume of nearly 98.8 million shares. The market declined, resulting in 177 stocks advancing, 52 declining and 60 stayed unchanged.
The VN30 Index, which tracks the 30 largest stocks in terms of capitalisation and liquidity, declined 0.3 percent to 620.88 points and saw a declining performance, in which losing stocks outnumbered advancing ones by 24 to 2 and four remained unchanged.
The southern market also saw declines on both mid-cap and small-cap stock groups, which also drove the market down. They declined by 0.77 and 1.32 percent to 657.48 and 694.59 points, respectively.
On the Hanoi Stock Exchange, the HNX-Index fell by 1.03 percent to 85.9 points. The market saw a drop in liquidity to VND494.6 billion (US$23.5 million) and in trading volume to about 38 million shares.
Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) was the most active code on the northern bourse, with total trading volume of 167,300 shares worth VND1.48 billion (US$70,500).
The HNX30, comprising the northern bourse's 30 largest stocks, dropped 1.82 percent to 165.41 points. The HNX30 also saw decreases in its activity to nearly VND273 billion (US$13 million) in trading value and more 18.3 million shares in trading volume.
Foreign investors were most active on the southern market. They sold more than 4.3 million shares, an increase of 30.37 percent, and reached a total value of VND115 billion (US$5.48 million), an increase of 10.77 percent.
Foreign investors were net buyers on the northern market, as well. However, their total trading volume and trading value decreased by 38.7 and 59.5 percent to 282,660 shares and VND2.9 billion (US$138,000), respectively.
Overall, both markets traded a total volume of 137 million shares and saw a total of VND2.36 trillion (US$112 million).
On the Hochiminh Stock Exchange, the VN-Index rapidly dropped by 0.93 percent to 588.44 points. The total market turnover was VND1.86 trillion (US$88.8 million), with a volume of nearly 98.8 million shares. The market declined, resulting in 177 stocks advancing, 52 declining and 60 stayed unchanged.
The VN30 Index, which tracks the 30 largest stocks in terms of capitalisation and liquidity, declined 0.3 percent to 620.88 points and saw a declining performance, in which losing stocks outnumbered advancing ones by 24 to 2 and four remained unchanged.
The southern market also saw declines on both mid-cap and small-cap stock groups, which also drove the market down. They declined by 0.77 and 1.32 percent to 657.48 and 694.59 points, respectively.
On the Hanoi Stock Exchange, the HNX-Index fell by 1.03 percent to 85.9 points. The market saw a drop in liquidity to VND494.6 billion (US$23.5 million) and in trading volume to about 38 million shares.
Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) was the most active code on the northern bourse, with total trading volume of 167,300 shares worth VND1.48 billion (US$70,500).
The HNX30, comprising the northern bourse's 30 largest stocks, dropped 1.82 percent to 165.41 points. The HNX30 also saw decreases in its activity to nearly VND273 billion (US$13 million) in trading value and more 18.3 million shares in trading volume.