Despite the effects of the US’s tariff measures on 34 billion USD of Chinese goods, Asian stock markets made a recovery, including the domestic stock market which was thriving once again on July 6 after reaching the rock-bottom a day earlier.
Investors at the Ho Chi Minh City Stock Exchange (Photo: VNA)
Hanoi(VNA) – Despite the effects of the US’s tariff measures on 34 billion USD ofChinese goods, Asian stock markets made a recovery, including the domesticstock market which was thriving once again on July 6 after reaching the rock-bottoma day earlier.
Concluding theJuly 6 session, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose18.11 points to 917.51 points, with 159 million shares sold for over 3.7trillion VND (163.2 million USD).
The prices of208 ticker codes increased, while that of only 85 codes declined.
On the HanoiStock Exchange (HNX), the HNX-Index also enjoyed a rise of 4.31 points to reach100.7 points. More than 47,600 shares were sold, with total transaction valueat 636 billion VND (28 million USD). Upturn was seen in the prices of 95 codes,while 59 codes suffered from falls.
In the VN30group, the top 30 stocks in terms of market capitalisation and liquidity on theHoSE, the prices of many codes surged strongly, including BID, CTG, GAS, BVH,CTD, MWG, VJC, and VNM.
The increase inshares of banks also pushed the whole market up. Many codes reached ceilingprices, including ACB, BID, CTG, MBB, SHB, STB, and VPB.
In the financialservices segment, the prices of HCM and VND also touched the ceiling at 53,500VND each and 17,100 VND each, respectively. Meanwhile, drops were recorded inmany other codes such as DSC, HAC, IBC, and VCI. Notably, the prices of IVS andPIV hit the floor.
Foreign investorssold 7.87 million shares on the HoSE for 356.56 billion VND, and over 627,700shares on the HNX for 11.55 billion VND.-VNA
The benchmark VN-Index fell 13.63 points from the previous trading day to 947.15 points on July 2 when only 62 stocks saw price hikes and 237 others fell.
Shares plummeted on July 3 as strong selling pressure pushed the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) and the HNX-Index on the Hanoi Exchange (HNX) to hit rock bottom in 2018.
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Investors at the Ho Chi Minh City Stock Exchange (Photo: VNA) 
