Oversupply prompts many stocks t
Oversupply prompts many
stocks to fall
The demand yesterday was 6.17 million shares, increasing 42% on the previous
session while the supply increased 47% to 7.56 million shares. The oversupply
caused 34 shares to fall and 12 others to stand still.
The total market trading volume was 4.28 million shares worth VND240 billion, or
a fall of VND60 billion on the previous session. Prices of blue chips increased
substantially such as SJS reaching the record price of VND400,000.
Foreigners decreased buying volume to 581,620 shares worth VND44 billion
compared to VND66 billion on the day before. They sold out 220,000 VF1 fund
units, 27,910 GMD, and 10,000 BMP.