A Viet Capital Securities Company report on August 25 said the market closed down following choppy trade in much of the day as buying was not strong enough to keep the index in the range of 665-666 points. Large caps were major losers. TheVN30 Index lost 0.3% while the VNMidcap and VNSmallcap closed in the green.
Blue chips also diverged as GAS went down 2.4%, CTG 1.2% and MWG 2.7% while HPG, FPT and MBB offered some support to the market.
According to Maybank Kim Eng Securities Company (MBKE), TTF again closed at the ceiling price with high trading volume. Similarly, property firm DRH soared to the ceiling price for a second day.
The steel sector remained attractive to investors with NKG leaping 5.9%, HPG soaring 4.1% and HSG climbing 1.4%.
Overall, liquidity rose slightly on the HCMC bourse as investors changed hands 116.1 million shares worth VND2.5 trillion (US$115.2 million), including 9.4 million shares worth VND423.6 billion transacted in put-through deals.
On the Hanoi exchange, the HNX-Index added 0.23% at 83.32 points as heavyweights such as ACB (up 1.7%), PVI (up 3.4%) and VCS (up 2.6%) helped drive the index up.
There were 31.3 million shares valued at VND405 billion traded, with put-through transactions making up almost 1.5 million shares worth VND23 billion.
Real estate developer SCR took the lead by volume on the northern bourse with 3.9 million shares changing hands. It has risen steadily over the past three sessions and closed at VND9,900 a share on August 25.
Foreign investors’ net sales totaled VND67.1 billion on the HCMC market, chiefly PVD with VND32.1 billion, MSN with VND24.3 billion and VIC with VND17.3 billion. These investors also spent VND10.7 billion on HSG, VND8.5 billion on C32 and VND4.7 billion on PVT.
The Hanoi exchange saw foreigners shifting to the selling side after three consecutive sessions of net purchases. They net sold VND2.1 billion of shares, mainly SCR and BCC.
They offloaded VND1.2 billion of VGS and VND890 million of PVS.
MBKE said the market would be volatile in the short term given low liquidity and foreigners’ net sales. The brokerage advised stock traders to keep cash and shares at a 50:50 ratio to avoid risks.