17/05/2015 10:51 GMT+7 Email Print Like 0

Stock market: investors hold onto their cash

Hanoi, May 16 (VNA) - The nation’s stock markets fell back on May 15 after improving the day earlier, as investors held on to their money.

On the HCM Stock Exchange, the VN-Index lost 1.15 percent to close at 537.44 points.

The number of gainers to decliners was 60 to 167, while 76 stocks remained flat.

Market liquidity increased to nearly 73 million shares worth 1.07 billion VND (49.6 million USD).

Ocean Group JSC (OGC) and FLC Group (FLC) continued to fall, with OGC hitting its floor price at 2,700 VND, while FLC lost 4.08 percent to stand at 9,400 VND.

The VN30 Index, which covers the 30 largest codes by market value and liquidity, fell by 1.41 percent to end at 561.87 points.

Of the top 30, 24 stocks fell, while only Pha Lai Thermal Power JSC (PPC) and Vietcombank (VCB) increased by 0.93 and 0.26 percent, respectively.

On the Hanoi Stock Exchange, the HNX-Index lost 1.69 percent to conclude at 78.21 points. Of all stocks, the number of gainers was half the number of losers by 59 to 136.

On the northern market, a total of 38 million shares were traded, worth 419.5 billion VND (19.4 million USD).

The HNX30 Index fell by 1.92 percent to finish at 146.26 points, and losers outnumbered advancers by 22 to four.

Large-cap gas codes declined and drove the market down. PetroVietnam Southern Gas JSC (PGS), Drilling Mud Corporation (PVC), Petroleum Technical Services Corporation (PVS) and PetroVietnam Coating JSC (PVB) lost 0.52 percent, 2.78 percent, 2.81 percent and 1.07 percent, respectively.

FIT Investment JSC (FIT) was the most traded share on the northern market with more than 7.6 million shares changing hands. It finished up 3.05 percent at 13,500 VND.

Foreign investors ended as net buyers, nearly tripling their total net sale value to 31.4 billion VND (1.45 million USD) compared to May 14.