Tiếng Việt
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The benchmark VN Index lost 1.26 points, or 0.3% to end at 420.81. Volume fell 10.7% to 32.6 million shares worth VND566.1 billion including 4.1 million shares worth VND97.6 billion changed hands in the put-through deals.
For the month, VN Index lost 6.79 points or 1.59%, extending the YTD loss to 63.85 points or 13.17%. In the first 10 months, VN Index gained in 5 months and lost 5.
There was a doldrums of market moving news today. Dollar prices were stable in the black market but banks lowered their dollar selling fees, leading to effective dollar prices at banks by VND21,300, local media reported. While local gold prices fell in line with global market retreat.
VN Index opened in the green with 3.3 million shares traded. Buying energy was strong at the open as rising momentum from last Friday lingered. However, sellers took advantage of the market rally and rising demand to exit, paring the market gain. The selling became more aggressive and sent the index down into the negative territory in the last 15 minutes of ATC session.
Fundamental analysts still caution of the banks’ loan loss issue and possible of margin unwind at high prices, some believe the worse is not over yet.
Market breadth turned negative, among 303 listed firms on HOSE, losers outweighed gainers by 135-84 and 64 stocks unchanged and the rest untraded. As many as 29 stocks fell to the floor while 15 issues hit the ceiling, 5% each side.
Among top 10 market caps, MSN rose, 6 fell (VCB, STB, VPL, HAG, VNM and CTG) and 3 unchanged (BHV, VIC, EIB).
Ocean Group JSC. (OGC) was the most active stock with 3.2 million shares traded, closing up 5% to VND12,700.
Becamex Infrastructure Development JSC. (IJC) was in the second place with 2.5 million shares traded, closing up 1.8% to VND11,400.
Saigon Securities Inc. (SSI) ranked third with 2.3 million shares traded, closing up 2.2% to VND18,500.
Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) stayed in the fourth place with 2 million shares traded, closing up 2.9% to VND10,500.
Tan Tao Investment – Industry Corporation (ITA) was the last in the most active list with 1.2 million shares traded, closing up 1% to VND9,700.
Military bank will debut its shares on the HOSE tomorrow at VND13,800 each, trading limits of +/- 20% for the first day. The issue is expected to be hot on the bourse.
On the Hanoi Stock Exchange, the HNX bucked trend to close up 0.27 points or 0.38% to 70.21. Trading volume rose 17.8% to 59.8 million shares traded for VND658.2 billion of which 4.3 million shares worth VND44 billion were changed hands in put-through deals.
For the month, HNX Index lost 1.13 points or 1.58%, extending YTD loss to 44.03 points or 38.54%.
Market breadth was positive with 178 gainers, 80 losers and 49 flat issues and 86 untraded. Among top 10 market caps, 8 gained, 1 lost and 1 unchanged.
Kim Long Securities JSC (KLS) was the most active stock with 9.1 million shares traded, closing up 6.6% to VND11,300 on average.
VNDIRECT Securities Corporation (VND) came second with 5.4 million shares traded, closing up 6.5% to VND11,500 on average.
PetroVietnam Construction Joint Stock Corporation (PVX) ranked third in the list with 5 million shares traded, closing up 4.5% to VND10,600 on average.
Of note, the buying interest came back late in speculative shares, boosting VND and KLS to the ceiling again. However, KLS still saw some offer unfilled at the ceiling price at the close.