Cash flows still poured into stocks with satisfactory business performance
Cash flows tend to shift to stocks with satisfactory business performance. This move may continue to last till the end of financial statement reason in the second quarter of 2012.
Looking at the general market trends, the common trend is still not clear. The VN Index of Hochiminh Stock Exchange (STC) in the beginning trading session of this week decreased by 2.48 points, to 421.99 points, the VN30-Index fell to 495.86 points, down 1.57 points. Similarly, the HNX-index of Hanoi Stock Exchange (HNX) reduced by 0.73 points to 71.46 points and the HNX30-Index lost 1.31 points, to 137.37 points.
However, the trend is clearer in each group of stocks and in every stock. Accordingly, there are some share codes with good gains while some others saw stronger falls than the market trend due to unsatisfactory business results for investors.
Some careful investors even got out the market to observe, which makes the market liquidity become weaker. In this week’s first trading session, total trading volume on STC only reached more than 50 million stocks and fund certificates worth more than 780 billion dong. The same situation was also seen on HNX with the total volume of nearly 44 million units valued at over 500 billion dong.
General movements were quite gloomy, but there were still some positive figures in the market mainly thanks to enterprises with good business performance in Q2 and H1/2012.
On the northern bourse, the share codes that are attracting the cash flows are CMI of Cavico Minerals and Industry JSC, DHI of Dien Hong Printing JSC, HST of Hung Yen Book Publishing And Educational Equipment JSC while attractive share codes on the southern bourse are FBT of Ben Tre Forestry And Aquaproduct Import – Export JSC, HTV of Ha Tien Transport JSC, IFS of Interfood Shareholding Co and LM8 of Lilama 18 JSC.
In contrast, some share codes are facing strong sales of investors such as HSI of general Materials Biochemistry Fertiliser JSC, TLH of Tien Len Steel Joint Stock Corp, TNT of Tai Nguyen Corp and VNA of Vinaship JSC.
Category: Stocks
