Shares rose on the Hochiminh Exchange with significant inflow ofspeculative capital, but fell on the northern bourse on June 26.
TheVN-Index added 4.13 points or as much as 0.72 percent to end at 576.4points, supported by gains of stocks in the VN30 package with advancersoverwhelming decliners by 15-7. The index, tracking the performance ofthe largest stocks by market value and liquidity, edged up 0.29 percentto 619.91 points.
However, on the Hanoi Exchange, the sellingpressure dragged down the benchmark indices with the HNX-Index losing0.51 percent to 77.35 points and the HNXFF-Index, composed of stockswith minimum free float rate of 5 per, falling by 0.4 percent to end at77.79 points.
On the southern bourse, FLC Group, a propertycompany, was the market highlight on the day, thank to its promisingprofits in the first half of this year. The stock was in high demand,and that pushed the value 6.5 percent higher than its ceiling price of11,400 VND (54 US cents) a share with significant trading volume of22.23 million shares.
Market pillars ended mixed as PetroVietnamGas Corporation (GAS) and Vinamilk (VNM) posted gains while Masan Group(MSN) and Vingroup (VIC) shed value which narrowed down market gains.
Speculativestocks attracted capital inflow on June 26, boosting the southernbourse's liquidity. Nearly 124 million shares were changing hands on thesouthern bourse, worth 1.99 trillion VND (94.7 million USD), 24 percenthigher than the previous trading session.
On the Hanoi Exchange,with 57.5 million shares traded, the trading value reached 633 billionVND (30.1 million USD), slightly lower than the previous day. Trackinglarge-cap stocks, the HNX30-Index fell 0.2 percent to end at 155.82points.
Foreign investors bought heavily into HAG and ITA with more than 1 million shares purchased.
They purchased a net 130 billion VND (6.1 million USD) shares.
VCBSecurities' report indicated that the Vietnam stock market had anattractive price-earnings ratio in comparison with other markets in theregion, which appealed to foreign investors.
According to FPTSecurities, information related to the first half of the year's profitsof companies helped attract the capital inflow and some stocks witnessedexcessive buying.
The VN-Index would be challenged at 580points, the company said, adding that investors should remain cautiouswith short-term profit booking activities.-VNA
TheVN-Index added 4.13 points or as much as 0.72 percent to end at 576.4points, supported by gains of stocks in the VN30 package with advancersoverwhelming decliners by 15-7. The index, tracking the performance ofthe largest stocks by market value and liquidity, edged up 0.29 percentto 619.91 points.
However, on the Hanoi Exchange, the sellingpressure dragged down the benchmark indices with the HNX-Index losing0.51 percent to 77.35 points and the HNXFF-Index, composed of stockswith minimum free float rate of 5 per, falling by 0.4 percent to end at77.79 points.
On the southern bourse, FLC Group, a propertycompany, was the market highlight on the day, thank to its promisingprofits in the first half of this year. The stock was in high demand,and that pushed the value 6.5 percent higher than its ceiling price of11,400 VND (54 US cents) a share with significant trading volume of22.23 million shares.
Market pillars ended mixed as PetroVietnamGas Corporation (GAS) and Vinamilk (VNM) posted gains while Masan Group(MSN) and Vingroup (VIC) shed value which narrowed down market gains.
Speculativestocks attracted capital inflow on June 26, boosting the southernbourse's liquidity. Nearly 124 million shares were changing hands on thesouthern bourse, worth 1.99 trillion VND (94.7 million USD), 24 percenthigher than the previous trading session.
On the Hanoi Exchange,with 57.5 million shares traded, the trading value reached 633 billionVND (30.1 million USD), slightly lower than the previous day. Trackinglarge-cap stocks, the HNX30-Index fell 0.2 percent to end at 155.82points.
Foreign investors bought heavily into HAG and ITA with more than 1 million shares purchased.
They purchased a net 130 billion VND (6.1 million USD) shares.
VCBSecurities' report indicated that the Vietnam stock market had anattractive price-earnings ratio in comparison with other markets in theregion, which appealed to foreign investors.
According to FPTSecurities, information related to the first half of the year's profitsof companies helped attract the capital inflow and some stocks witnessedexcessive buying.
The VN-Index would be challenged at 580points, the company said, adding that investors should remain cautiouswith short-term profit booking activities.-VNA
