Both bourses in Ho Chi Minh City and Ha Noi closed the July 30 trading session with non-stop downward trends of indexes.
The VN-Index of the HCM City trading centre on the first day operating the automatic order matching system saw a sharp drop of 14.93 points, or 1.58 percent, to 925.44 points, the lowest ever so far this year.
The volume of traded shares at the session also decreased to closely 2.95 million shares valued at more than 260.81 billion VND.
Sixty-seven shares reported losses with the biggest being Chuong Duong Beverage (SCD), Ry Ninh Hydro-electricity II (RHC), Binh Dinh Minerals (BMC) and Kinh Do Food (KDC).
Only 26 shares rally to gains, worthy of note were SAFI Transportation (SFI), Viet Nam Dairy (VNM), Sai Gon Fuel (SFC), Hoa Binh Construction and Real Estate (HBC), and Financing and Promoting Technology (FPT).
Investors attributed the bourse’s sluggish performance to the debut of the new trading system as it made many investors be outsiders, and hoped that the market will rally soon.
The Ha Noi-based market closed the trading session after seeing 51 shares dropping, 18 having no transaction, five maintaining unchanged and 13 increasing slightly.
The HaSTC-Index thus was pulled down to 255.2 points, down by 3.64 points as compared with the last week-end session. This was the ninth consecutive session the bourse saw the slide-down.
Worrying about the non-stop downward trend, speculators tossed up shares for sale, bringing the total volume of traded shares to 1.17 million valued at 123 billion VND.
Source: VNA
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