Shares lost on June 28 on both exchanges, rallying for just two
sessions on the two previous days. However, FPT Securities Co analysts
said the market trend is not negative.
On the Ho Chi Minh Stock Exchange, the VN-Index lost 0.38 percent to 481.13 points. Losers overwhelmed gainers by 114-77.
Trading
value rose slightly over the previous trading day to about 1 trillion
VND (47.6 million USD) as 62.4 million shares changed hands.
The
slumps of half of 30 blue chips tracked by the VN30 drove the index
down 0.25 percent to 538.54 points. Six stocks slightly increased.
On the Hanoi Stock Exchange, the HNX-Index shed 0.14 percent, reaching 62.76 points.
Trading value fetched 262.2 billion VND (12.4 million USD) with 35.9 million shares exchanged.
The HNX30, composed of the northern bourse’s 30 leading shares, also fell 0.4 percent to 116.93 points.
Foreign
investors shifted from net sellers to net buyers on June 28 by a
combined margin of over 23 billion VND (more than 1 million USD).
On
the gold market, SJC gold bars were traded at around 34 million VND
(1,600 USD) per tael at 9am on June 28, declining nearly 6 percent
compared to the previous day’s closing price. However, as people rushed
to buy gold, the price then rose to 36-37 million VND (1,700-1,760 USD)
per tael.
Gold traders confirmed buyers overwhelmed sellers.
June 28 was the last day for banks to close their gold position before the deadline on June 30.
The
central bank said all 40,000 taels of gold were bought by five buyers.
The price ranged between 35.05-35.5 million VND (1,660-1,690 USD), 1
million USD (47.6 USD) higher than the market price and 5 million VND
(238 USD) higher than the world price.