Overview on stock market between March 7 to 12

Vietnam’s stock market has undergone a brisk trading week when the price of listed shares as well as the major indexes simultaneously saw strong rises.

Foreign investors also took the advantages of this opportunity to offload goods, which gained points, for profit and bought good share codes. Totally for the wholly trading week, foreigners posted a net purchase of approximately 16 billion dong on both bourses.

Over 75 percent of listed shares increased in price

The statistics from Hochiminh Stock Exchange (HOSE) showed that the total gainers during the week reached 222 share codes, accounting for 77.62 percent of the total listed shares and the figure on Hanoi Stock Exchange (HNX) was 277, equaling to 73.28 percent of the total listed shares. Totally on both floors, the ratio of gainers accounted for 75.15 percent of the total listed shares on the stock market.

On the southern bourse, VPL saw the strongest rise of from 59,000 dong per share to 74,000 dong per share, or 25.42 percent. Reportedly, in the previous week, VPL was also in the top three gainers on HOSE with 12.28 percent.

Notably, VIC now holds the record on increasing momentum as well as the record high price at present.

Additionally, NHW also saw a strong gaining week of up to 23.6 percent to close at 19,900 dong per share. The record increase of the copper material price in the world market recently will cause heavy impacts on the production operations of enterprises in the copper sector, so the strong gain in price of NHW-coded share during past days could be considered unusual.

On the HNX floor, PXA posted a gaining week with 36.17 percent to 12,800 dong per share after dropping to the lowest level since the first trading session (February 22) at 9,400 dong per share.

PVV also saw a ruse of 24.29 percent to 17,400 dong per share. In the last trading session of the week, PVV announced gaining a surplus of 15 billion dong from share issuance to hike chartered capital to 300 billion dong.

Following PXA and PVV was other gainers such as VFR (22.82 percent), TAG (22.4 percent) and SDE (21.93 percent).

Meanwhile, the stock market also saw 129 losers on both bourses, accounting for 19.43 percent of the total listed shares including 46 on HOSE and 81 on HNX.

On the southern floor, FPC saw the strongest fall with 20.83 percent from 4,800 dong to 3,800 dong per share, marking the share code with the lowest market price presently, and followed by VKP with 3,900 dong per share. These are enterprises posting strong losses in 2010. Notably, FPC is the only firm with negative equity and facing the risk of cancellation of listing.

Following was CCL with a fall of 20 percent to 22,200 dong per share, marking the lowest price of this share codes since going the public on March 3 at 27,500 dong per share.

Amongst 81 losers on HNX, YSC posted the sharpest fall of 23.9 percent to 15,600 dong per share. For the whole month, this share code lost totally over 16 percent.

Some similar losers were SDC (with a fall of 23.89 percent) to 17,200 dong per share and MCF to 12,000 dong per share.

Foreigners accelerate restructuring portfolios

Regarding the transactions of foreign investors, the upturn of the stock market was considered opportunities for foreign investors to sell shares for profit after posting continuous net purchases in 2010 and during the first months this year.

On the southern floor, the foreigners boosted selling share codes such as VIC (74.55 billion dong), VCB (24.19 billion dong), HPG (22.61 billion dong), STB (19.6 billion dong), DVD (18.5 billion dong) and HAG (13.88 billion dong). These shares posted strong gain in the last week and during recent weeks.

However, they continued net purchase for CTG (95.33 billion dong), DPM (41.78 billion dong), BVH (22.5 billion dong), and FPT (nearly 22 billion dong), bringing their total net purchase in week to 19.6 billion dong while the total net purchase volume reached only 234,000 shares.

Meanwhile, on HNX floor, foreigners continued to boost selling rather than buying. The total net sale for PVX-coded shares increased from 4 billion dong in previous week to over 11 billion dong in last week. The offload of KLS in week reached 3.7 billion dong.

Foreigners also boosted net sale for other share codes such as OCH (2.17 billion dong), BVS (1.91 billion dong) and VNC and NTP with over one billion dong each.

Conversely, foreigners boosted buying for PVS, SCR, DXP and THV but the buying value fell from the previous week.

Totally for the whole week, foreigners posted a net sale of over 540,000 shares for over 3.62 billion dong, increasing nearly one billion dong week on week.

Tags: Vietnam stock news