HNX Index

The market has been moving sideways in a tight range as investors were eyeing corporate news to make selective investments, and though the cash flows stayed with the stock market, they entered into some hot stocks only. Amongst 301 stocks listed on the northern bourse, 177 stocks fell, 97 advanced, and 27 closed unchanged.

The HNX-Index gained 0.66 point, or 0.4%, to close at 164.01. Volume and liquidity increased slightly to 43.202 million worth VND1.381 trillion compared to 42.506 million worth VND1.317 trillion on June 18.

The HNX-Index added 0.66 points, or 0.4%, to close at 164.01, the highest in June. Last week, the measure advanced 3.24%. The gauge has slid 12% from the yearly high on May 6, according to FPT Securities, which runs this website. Amongst 299 stocks listed on the northern bourse, 196 stocks advanced, 78 declined, 18 closed unchanged and seven were

Today headlines showed that local commercial banks cut rates for selective customers from 0.5%-1% per annum to boost lending. Dragon Capital deputy CEO Phan Minh Tuan denied the rumor of Dragon Capital withdrawal on local media, reiterating that the fund management company and investors continue to see Vietnam as an attractive investment destination.

Amongst 299 stocks listed on the northern bourse, 133 stocks advanced, 133 declined, 27 closed unchanged and six were untraded. Trading volume came to 44 million shares valued at VND1,370 billion, a slight fall from a day earlier.

VNDirect Securities (VND) was in the third place with 2.036 million shares changed hands, closing up 0.69% at VND29,300 Vinaconex (VCG) was the fourth most active issue with 1.297 million shares traded, closing down 1.32% to VND44,700. Asia - Pacific Securities Joint Stock Company(APS) came last in top most active list with 1.264 million shares traded, up 5.7% to VND20,400.

Trading volume came to 45 million shares valued at VND1,479 billion, a slight rise from a day earlier. PetroVietnam Construction (PVX), the most active stock on a trade of 6.41 million shares, rose 0.93% to close at VND32,500. Kim Long Securities (KLS) was the second largest traded issue with 2.85 million shares, which closed up 0.5% to settle at VND20,900.

In a recent research report, Nguyen Thanh Ha, economic development director with Sai Gon Securities said Vietnam stock market is expected to be supported by higher and more stable credit growth in the second half of this year including credit room for securities investment of VND40 trillion this year.

The HNX-Index added 0.69 point, or 0.43%, to close at 160.44. Volume and liquidity continued to increase to 38.98 million worth VND1.264 trillion compared to 33.39 million worth VND1.05 trillion on June 14.

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