Gains by major shares like insurer Bao Viet Holdings (BVH), Masan Group (MSN), Vietcombank (VCB) and PetroVietnam Finance (PVF) were largely driven by foreign investors, noted Nguyen Thanh Binh, head of analysis for a Ha Noi-based securities firm.
Foreign investors, who were net buyers of 1.5 million shares overall on both exchanges, worth a net of VND58.2 billion (US$2.8 million), accounted for over 90 per cent of trades in BVH and over 96 per cent of activity in MSN shares, Binh said.
"However, the rally in blue chips wasn't enough to attract local investors," he said, noting low volume by the order matching method of just 37.3 million shares, worth VND920 billion ($43.8 million).
The total volume of trades was a more respectable 57 million shares, worth VND1.5 trillion ($71.4 million).
On the Ha Noi Stock Exchange, the HNX-Index fell for the second day, losing a quarter of a percentage point to close at 112.64 points. Volume was lower than Wednesday's at 41 million shares, with a value of VND833.4 billion ($39.7 million).
PetroVietnam Construction (PVX) was the most-active share, with 10 million traded.
Analysts of Stoxplus Corporation expected sluggish trades in the final session of the year today due to holiday sentiment and market uncertainty.
Au Viet Securities Co analyst Dang Lan Huong blamed the low volume on the fact that commercial banks temporarily paused lending against securities collateral to review the books at year-end.
The markets will be dark on Monday for the New Year holiday, but trading will resume on Tuesday.
Source: vnagency.com.vn
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