May 24: Vietnam Stocks Close Mixed, Liquidity Shrinks on Caution

26-May-2012 Intellasia | StoxPlus | 7:01 AM Print This Post

Vietnamese stocks ended mixed today as investors sold shares on the primary bourse to minimise risks fearing selling pressure persists but bottom fishing boosted shares in the HNX in the last 15 minutes.

The benchmark VN Index lost 9.38 points or 2.25 percent to 426.92. Volume fell further to 58 million shares worth of VND949.6 bllion. Put-through trading contributed 5.9 million shares worth VND131.2 billion.

We saw 1.5 million HAG shares changed hands at the price of VN27,600 each, versus the market current price of VND27,400 each and 0.8 million ASM shares changed hands at the ceiling price of VND16,600.

The market breadth was negative on the primary bourse where 42 stocks advanced, 231 tumbled, 36 closed unchanged.

The VN30 Index fell 6.87 points, or 1.35 percent, to 501.58. this was once more the blue chips index was less worse than the broader market.

The market opened in the red as selling momentum extended, caution rose and market has no where to go but the south, closing neaer the low of the day.

There were some bottom fishing efforts at the close but it could not help improve the market sentiment, selling was seen across the board.

On the Hanoi Stock Exchange, the HNX index bucked trend to close up 0.05 point or 0.07 percent to 73.66. Trading volume eased to 51.6 million shares worth VND502.1 billion.

The market breadth was negative on the northern exchange. Among index members, 80 rallied, 164 tumbled, 65 closed unmoved, and the rest were untraded.

In the last 15 minutes, when the share prices were averaged to be referenced for the next trading day, bottom fishing efforts sent the share prices up sharply and bouyed the market. The most outstanding performance was seen in SCR which soared to limit up. Other strong late recovery were seen in VCG

, VNM, PVX also.


Category: Stocks

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