Showing posts with label order matching. Show all posts
Showing posts with label order matching. Show all posts

Saturday, November 6, 2010

Punters yawn at new trading hours

The introduction of extended hours for continuous order matching,
expected to boost activity on the HCM Stock Exchange, failed to
stimulate any investor excitement on Sept. 13, as the VN-Index shed
another 0.91 percent to close at 447.27.


Volume fell 11.7 percent from Sept. 10's session to just 45.7 million shares, worth just 1.1 trillion VND (56.4 million USD).


Under the new trading hours, the market will now spend 105 minutes in
continuous order matching, instead of the previous 60 minutes. The
opening and closing sessions of periodical order matching were shortened
to 15 minutes each.


Viet-Han Corporation (VHG) was the
most-active share, with 1.5 million changing hands, after the share
gained a cumulative 20 percent over the course of several sessions last
week, encouraging investors to realise profits on Sept. 13.


VHG shares closed short of their ceiling price at 20,900 VND.


On the HanoiStock Exchange Sept. 13, the HNX-Index fell for a second
day to 128.22 points, a loss of 2.23 percent. Trading value dropped
below the 1 trillion VND-level to895.9 billion VND (45.9 million
USD), on a meagre volume of 37.56 million shares.


PetroVietnam Construction (PVX) remained the most-active share nationwide, with 5.3 million shares traded.


Foreign investors on Sept. 13 were net buyers nationwide of a net of
2.1 million shares, for a net value of 72.2 billion VND (3.7 million
USD)./.

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