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July: 85% of share items decrease in prices

VietNamNet Bridge – The share price did not recover in July after three months of falling down as investors hoped. All share items saw sharp decreases in prices with the average decrease of 11%.

Investors cannot relieve their anxiety about the supply and demand imbalance as many companies are planning their IPO, which means a large volume of commodities will be available on the market in some days.

The statistics showed that among the 100 listing share items at the HCM City Securities Trading Centre, 92 items saw the prices decrease last month, while only 17% of share items saw price increases, and one was stabilized.

As the prices of most of share items fell down, the VN Index dropped by 116.73 points, or 11.4% last month, closing the last trading session of July at 907.95 points. Not only falling below the 1,000 point threshold seen in the previous month, the VN Index seemed to come closer to the 900 point level.

TCT and BMC were the blue chips that once saw the biggest price increases on the market, but they were among the share items that saw the biggest price decreases last month. TCT reduced by 62.2% in prices, while BMC price reduced by 50%, and GIL by 40.4%, becoming the share item that saw the fourth biggest price decrease.

Other share items, which also saw sharp price decreases last month included VIS (- 28%), and LBM (- 41.9%), while PPC, FPT, SAM and SJS by 17-32%.

Meanwhile, TAC of the Tuong An Vegetable Oil Company saw the biggest price increase last month, when its value increased by 84.5% to VND115,000/share. BBC of Bibica, the confectionary company, saw the second biggest price increase, by over 20%.

Four share items, which saw the price increases of more than 10% included MCP, TTP, NKD (North Kinh Do), and IMP (Imexpharm).

In July, the HCM City Securities Trading Centre welcomed three new comers, GTA (Thuan An Wooden Furniture Processing Company), TRC (Tay Ninh Rubber Company) and RIC (Royal International), raising the total listing share items to 110.

In July, the total transaction volume reached 93.4mil shares, or 4.24mil shares per day. The total trading value was VND10.031bil ($626.93mil), or VND446bil ($27.87mil) a day.

July witnessed an important event of Vietnam’s stock market, the application of the real-time order matching scheme on July 30. The transaction volume dropped dramatically on that day (2.2mil shares and 744,460 fund certificates) as investors have not got used to the new scheme, but analysts said that the situation will be improved soon.

Nhat Linh

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