During the five trading sessions of this week, from July 9-13, the VN-Index of the Ho Chi Minh City Securities Trading Centre increased a total of 5.2 points with two gains on July 10 and 11 and three other losses.
Total trading volume of the week stood at nearly 23.1 million shares with total value of VND 2.5 trillion or an average of 4.6 million shares traded for VND 503 billion a trading session.
These figures were small compared to those in the first quarter of this year (average over 10 million shares for more than VND 1 trillion a trading session) and lower to those in mid June with average 6 million shares traded for over VND 640 billion a session.
Decline in the trading volume may cause concern for investors on the liquidity of stocks. Many investors have now temporarily stopped trading and wait for financial reports on the first half of this year of listed companies before making any decision.
The VN-Index close the week at 1015.73 on July 13 with a total of 6.3 million stocks traded for VND 797 billion. As many as 53 stocks gained, 23 lost and 33 stayed unchanged.
Foreign investors increased selling in this weekend trading session. In total, they sold nearly 1.2 million shares of 42 symbols worth 304 billion, accounting for 51.83% of the total market trading value and bought over 800,000 shares of 46 codes worth VND 116.5 billion or 19.84% of the total market value.
In Hanoi, the HaSTC-Index suffered only one decrease on July 12 and gained in other four sessions. In total, the index increased by 9.24 points and closed the week at 277.37.
However, the northern bourse saw thin trading value and volume, especially in the last two trading sessions of the week.
On July 9, over 1 million shares were traded for VND 108 billion. The figures increased to 1.8 million shares and VND 188 billion on July 10 as the HaSTC-Index on this session gained 11.30 points. On July 11, only 1.3 million shares were changed hands for VND 132 billion. On July 12, these two figures continued to drop to 816,000 shares and VND 80 billion. On July 13, both trading volume and value on the northern bourse decreased to a record low of 757,000 shares and VND 77 billion.
Large supplies of shares focusing on one period will strongly affect the price of shares in both central and over-the-counter markets, said the State Securities Commission in a recent issued document, cautioning public companies to consider their demand for capital and choose the suitable time for launching initial public offerings so that they can best mobilise the capital they need for their investment plan.
SSC’s document came as the commission said in recent years it has often received many files by public companies asking for permission to auction shares, focusing on certain periods which it said would create a supply-demand imbalance.
Source: VNE
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