Both the Ho Chi Minh City’s bourse and its Ha Noi-based counterpart reported slight drops by the end of the day’s trading on July 5.
By closing, the VN-Index at the HCM City Securities Trading Centre had dropped 0.74 points to finish at 1,012.82 points.
More than 8.64 million shares, worth close to 872.3 billion VND changed hands. The market saw 35 stocks gain, 11 shares remain unchanged and 50 fall.
Blue chip share of the Tay Ninh Cable Car Tour (TCT) was the biggest loser of the day, tumbling by 18,000 VND to finish at 372,000 VND per unit, followed by Binh Dinh Mining (BMC) (down 13,000 VND per unit) and Saigon Hotel (SGH) and the Song Da Urban and Industrial Zone Investment and Development (SJS) (down 7,000 per unit).
Hoa Binh Construction and Real Estate ( HBC ) topped the list of big movers by increasing 5,000 VND to close at 123,000 VND and were closely followed by Viet Nam Dairy Products ( VNM), Tuong An Vegetable Oil ( TAC), the HCM City-based confectioner Kinh Do Corp (KDC) and electric equipment and installation firm Full Power ( FPC ).
Blue-chipper Sai Gon Thuong Tin Commercial Bank (STB) continued to lead the market in terms of transaction volume with 737,430 shares being traded on the day although it fell by 1,500 VND to 62,500 VND per unit. P etroleum Drilling and Services (PVD), VNM and Pha Lai Power Co (PPC) also saw heavy trading.
Foreign investors at the HCM City's bourse bought 54 shares with a volume of 2,161,130, worth 322.7 billion VND, accounting for 54.75 percent of the market's transactions. They also sold 46 shares with a volume of 200,940, worth 31.8 billion VND, or 5.40 percent of the bourse's total transactions.
The HaSTC-Index at the Ha Noi Securities Trading Centre fell 4.39 points to close at 263.53 points with 34 stocks gaining and 47 falling.
To day's trading volume fell with 979,700 shares, worth more than 91.8 billion VND changing hands.
For the gains, it was Ho Chi Minh City Securities Corporation (HSC) that led the charge up the ladder by tacking on 10,700 VND to its listed price of 118,300 VND. Song Da 10 Joint Stock Company (SDT) was also among the top five gainers at the bourse.
The newly listed Cho Lon Real Estate (CRL) was among the biggest losers of the day by having 10,700 VND wiped off its listed price.
Foreign investors at the Ha Noi's bourse bought 25 shares and sold three shares with a total volume of 104,300 worth almost 10 billion VND.
Small investors expressed their concerns on the wildly fluctuating stock prices that they said is being caused by a lack of professionalism amid claims of insider trading.
Source: VNA
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