Profit-taking late in the trading session on April held the VN-Index to a gain of just 0.1 percent and a close of 515.33 points.
Trading volume on the HCM Stock Exchange soared by 52.5 percent, however, to over 66.3 million shares, while the value of the day’s trades rose by 56.6 percent to nearly 2.6 trillion VND (136.8 million USD).
With no supporting information, Vietnam Tanker Company (VTO) surprised the southern market, becoming the most heavily – traded share with over 3.1 million changing hands.
On the Hanoi Stock Exchange, the HNX-Index slid 0.28 percent to 166.72 points. The value of the day’s trades grew by 20.7 percent to 1.4 trillion VND (73.7 million USD), however, on a volume of nearly 40.5 million shares – up 16 percent from the previous session’s volume.
With the notable exception of PetroVietnam Construction (PVC), blue chips such as Vinaconex (VCG), Kim Long Securities Comapny (KLS) and Asia Commercial Bank (ACB) all registered losses of value. Vietnam Germany Steel Pipe Company (VGS) led the northern bourse by volume with over 5.65 million shares traded.
After three consecutive rising sessions, many shares had reached investors’ profit expectations, driving them to sell and realise cash, said FPT Securities Comapny analysts in their daily market report.
Many investors remained eager to buy in, however, on high expectations for market performance, they said.
Thang Long Securities Company Deputy General Director Quach Manh Hao said the market was being sustained by recent moves of the State Bank of Vietnam and strong net buys by the foreign sector.
Foreign investors doubled both buying and selling activities, concluding the day’s trades market by a volume of 2.2 million shares, worth a combined net of over 144 as net buyers on the HCM City billion VND (7.6 million USD).
On the Hanoi market, they were net sellers by volume of 609,300 but net buyers by value of just 17.6 billion VND (926,315 USD).