Weak cash flow pulls down the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) to 915.12 points. (Photo: VNA)
Hanoi (VNA) – Weak cash flow on July 9 pulled down the VN-Index on theHo Chi Minh Stock Exchange (HoSE) to 915.12 points.
The local market reported seesaw trading during the day, with the VN-Index extendingto 929.5 points in the morning session thanks to strong transactions in bankingstocks. However, it lost 2.39 points to end at 915.12 points at the end of the tradingday.
Over 118.6 million shares were transacted at a value of more than 2.71 trillionVND (119.24 million USD). The southern market saw 131 decliners and 145 gainers.
Meanwhile, green margins dominated the Hanoi Stock Exchange (HNX) with theHNX-Index rising slightly to 100.76 points. A total of 33.35 million shares were sold onthe northern bourse at over 521.5 billion VND (22.94 million USD). There were74 advancing codes, 55 stabilising codes, and 71 declining codes.
The VN30 Index, which tracks the performanceof the 30 largest shares in terms of market capitalisation, fell 6.89 pointsalthough 14 had gains and 13 had losses.
Specifically, marked decline was recorded in Vietjet Aviation JSC (VJC) falling2,400 VND; VinGroup (VIC) by 1,200 VND, Hoa Phat Group (HPG) by 1,100 VND,Mobile World Group (MWG) by 1,500 VND, and Hau Giang Pharmaceutical JSC (DHG)by 4,900 VND.
In contrast, the strongest gain was seen in Vinamilk (VNM)’s share with 1,000VND.
Regarding banking stocks, Vietcombank (VCB) had the sharpest decline of 1,000VND while other banking codes such as VPB, TPB, MBB, LPB, HDB, EIB, CTG, andBID all saw slight increases from 50 VND to 300 VND per share.
Oil and gas stocks stabilised throughout the day. Meanwhile, securities stockgroups had weak performances with poor liquidity, and a line-up of steepdecliners such as SSI, HCM and DSC, which went down 800 VND, 2,700 VND, and4,300 VND, respectively.
The market may have been in a more dramatic plunge if there had not beenelevation of VIC’s affiliate Vinhomes (VHM) and Vincome Retail (VRE) stocks.
Net selling by foreigners was strong as they sold 6.33 million shares at 150.02billion VND (6.6 million USD) on the HoSE. Shares coded HPG, VIC and MSN soldlike hot cakes. Meanwhile, the foreign players net bought 694,600 shares with avalue of over 10.71 billion VND (471,240 USD) on the HNX. -VNA
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