August 2: Vietnam Stocks Rebound On Thin Trade

Vietnamese shares ended in the green today but liquidity shrank as both buyers and sellers were in high caution.

The benchmark VN Index rose 3.55 points or 0.86 percent to 416.1. Volume fell 20.7 percent to 21.9 million shares worth of VND330.8 billion. Put through trading contribute 3.2 million shares worth of VND50.59 billion.

The market breadth turned positive on the primary bourse where 135 stocks advanced, 96 declined, 78 closed unchanged.

The VN30 added 4.36 points or 0.89 percent, to 494.12. Amongst its 30 members, 15 gained, 4 lost and 11 unchanged.

The market opened in the green with 0.8 million shares changed hands, caution remained high. The trading pace was slow as both buyers and sellers were in the waiting mood. Thin volume made it easier to change the prices and a big stronger buying in the afternoon were enough to boost the prices higher and closed at the high of the day.

Tan Tao Investment – Industry Corporation (ITA) continued to be the most active stock with 1.3 million shares traded, closing flat at VND6,700 for a third day.

Ocean Group JSC. (OGC) came second with 1.1 million shares changed hands, closing flat at VND12,800.

Sacombank Securities JSC. (SBS) ranked third with 0.94 million shares traded, closing down 4.6 percent to VND4,200, ending its 9 straight ceiling sessions. The share is now traded only 15 minutes of ATC session.

On the Hanoi Stock Exchange, the HNX gained 0.28 point or 0.41 percent to 68.98. Trading volume fell 17.5 percent to 26.1 million shares worth VND431.2 billion.

The market breadth was negative where 126 rallied, 66 declined, 78 closed unmoved, the rest untraded.

HNX30 rose 0.71 point or 0.55 percent to 130.07.

VNDirect Securities (VND), the most active on the measure with 2.3 million shares changed hands, closed flat at VND10,700.

Sai Gon Thuong Tin Real Estate JSC (SCR) came second in volume with 1.7 million units traded, closing down 1 percent to VND9,700 per share.

PetroVietnam Construction Joint Stock Corporation (PVX) ranked third with 1.6 million shares traded, closing flat at VND8,300.

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Category: Stocks