Sun. Apr 14th, 2024

Shares rose steadily on July 31 afternoon on the Ho Chi Minh exchange,
lifting the VN-Index up 0.68 percent to close at 491.85 points.

Sacombank (STB) attracted investor attention during the day with a
whopping 14.6 million shares traded at the ceiling price of 18,200 VND
(0.87 USD) a share, worth 267 billion VND (12.7 million USD).

However, half of the 30 largest shares by market capitalisation and
liquidity shed value, driving the VN30 down 0.42 percent to 542.52

Trading increased 20 percent over the
previous session, with the transaction value totalling nearly 790
billion VND (37.6 million USD) on a volume of 41.6 million shares.

On the Hanoi Stock Exchange, the HNX-Index dropped 0.15 percent to
close at 61.49 points on lacklustre trading of 12.2 million shares worth
99 billion VND (4.7 million USD).

Newly-listed FIT
Investment Co (FIT) continued to be the most active share on the Hanoi
bourse, with 1.6 million shares traded at 13,000 VND a share.

Low liquidity was challenging investor patience and prompting them to
sell shares at low prices, according to stock analysts at Vietnam
Investment Securities Co.

“However, this is also the
time many investors are waiting to buy bargain stocks. When investors
are pessimistic, the market usually rebounds,” they wrote in a report.

The foreign sector returned as net sellers on the two
exchanges, unloading shares worth a combined 18 billion VND (857,000

By vivian