The nation's two indices continued to slide on June 26 despite theGovernment replacing Decree 58/2012 with Decree 60/2015, allowingforeign investors to increase their ownership to 100 percent ofVietnamese listed public companies.
The new Decree, issued on June 25, is expected to draw more foreign investment into the stock market.
Foreigninvestors were net buyers, with a net purchase value of 478.87 billionVND (22 million USD), most of which, 460 billion VND (21.3 million USD)was in the Hochiminh Stock Market.
The new Decree helped marketliquidity increase by 73.8 percent over the June 25 session to a totalof 3.91 trillion VND (181 million USD) on both bourses, but it alsoencouraged traders to increase their selling activity, putting heavypressure on shares and led to the decline of both indices.
On the southern bourse, the VN-Index declined by 1.06 percent to 581.75 points with 122 decliners and 99 gainers.
TheVN30 Index, which tracks top 30 shares in capitalisation and liquidity,maintained its growth most of the time during the session. However, itlost 0.09 percent to stand at 608.92 points at the end of the day.
Among 30 largest shares, 14 declined from their values of the previous day.
FLC Group (FLC) remained the most active code on the market withnearly 27 million shares being traded, and gaining 3.49 percent to endat 8,900 VND per share.
On the Hanoi Stock Exchange, the HNXIndex lost 1.07 percent to finish at 85.52 points with 112 losers and 93advancers while the HNX30 Index fell by 1.01 percent to 164.16 points.
Bluechips on the northern bourse were also down. Sai Gon-Hanoi Bank (SHB),Petroleum Technical Services Corporation (PVS) and Drilling MudCorporation (PVC) in turn dropped by 2.78, 2.51 and 3.21 percent.
Securitiesshares grew, as mentioned earlier. VNDirect Securities JSC (VND), SaiGon-Hanoi Securities JSC (SHS), IB Securities JSC (VIX) and Bao VietSecurities JSC (BVS) gained 5.07, 2.35, 9.52 and 4.14 percentrespectively.
VNDirect Securities JSC (VND) was the most activecode on the northern bourse with nearly 6.2 million shares being tradedon the day. There were ten stocks that traded more than 2 millionshares.-VNA
The new Decree, issued on June 25, is expected to draw more foreign investment into the stock market.
Foreigninvestors were net buyers, with a net purchase value of 478.87 billionVND (22 million USD), most of which, 460 billion VND (21.3 million USD)was in the Hochiminh Stock Market.
The new Decree helped marketliquidity increase by 73.8 percent over the June 25 session to a totalof 3.91 trillion VND (181 million USD) on both bourses, but it alsoencouraged traders to increase their selling activity, putting heavypressure on shares and led to the decline of both indices.
On the southern bourse, the VN-Index declined by 1.06 percent to 581.75 points with 122 decliners and 99 gainers.
TheVN30 Index, which tracks top 30 shares in capitalisation and liquidity,maintained its growth most of the time during the session. However, itlost 0.09 percent to stand at 608.92 points at the end of the day.
Among 30 largest shares, 14 declined from their values of the previous day.
FLC Group (FLC) remained the most active code on the market withnearly 27 million shares being traded, and gaining 3.49 percent to endat 8,900 VND per share.
On the Hanoi Stock Exchange, the HNXIndex lost 1.07 percent to finish at 85.52 points with 112 losers and 93advancers while the HNX30 Index fell by 1.01 percent to 164.16 points.
Bluechips on the northern bourse were also down. Sai Gon-Hanoi Bank (SHB),Petroleum Technical Services Corporation (PVS) and Drilling MudCorporation (PVC) in turn dropped by 2.78, 2.51 and 3.21 percent.
Securitiesshares grew, as mentioned earlier. VNDirect Securities JSC (VND), SaiGon-Hanoi Securities JSC (SHS), IB Securities JSC (VIX) and Bao VietSecurities JSC (BVS) gained 5.07, 2.35, 9.52 and 4.14 percentrespectively.
VNDirect Securities JSC (VND) was the most activecode on the northern bourse with nearly 6.2 million shares being tradedon the day. There were ten stocks that traded more than 2 millionshares.-VNA
