Source: HNX
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In July, the UPCoM market witnessed a decrease in both trading volume and value compared to the previous month. The average trading volume and value were over 57 million shares and VND 1,127 billion per session, respectively, reflecting a reduction of more than 30% and 29% from June 2024. The session with the highest trading volume reached 97.4 million shares on July 17, 2024, with a corresponding value of VND 1,984 billion.
The UPCoM index showed a downward trend, especially in the latter half of July, closing the month at 95.07 points, a decline of over 2.5% compared to the end of June 2024.
The top-performing stock in terms of price increase was PTX of Petrolimex Nghe Tinh Transportation and Services Joint Stock Company, surging by 323% compared to the previous month’s closing price. This was followed by CDR of Dong Nai Rubber Construction Joint Stock Company, which climbed over 151% to VND 20,600 per share.
Additionally, among the top gainers were shares of VTL of Vang Thang Long Joint Stock Company, VLP of Vinh Long Public Works Joint Stock Company, and CXL of Cho Lon Import-Export and Investment Joint Stock Company.
Regarding trading volume, the five most actively traded stocks during the month were BSR, VGT, BVB, OIL, and BCR, with respective volumes of 202 million, 85 million, 76 million, 66 million, and 54 million shares.
Foreign investors’ transactions slightly increased compared to June 2024, with a total value of over VND 2,472 billion, an increase of nearly 20%. Their net buy value for the month was over VND 199 billion. The stocks that foreign investors bought the most were ACV, VGG, OIL, MCH, and DGT. On the other hand, the stocks they sold the most were ACV, VGG, QNS, PHP, and LTG.
Self-operated transactions of securities companies reached VND 1,167 billion, a rise of over 41% from June 2024, with a buy value of VND 583 billion and a sell value of VND 584 billion.
In July, the UPCoM market welcomed two new registered businesses for trading, while four businesses canceled their registration, including one that was delisted to be listed on the HOSE, and three that were delisted due to the revocation of their public company status.
As of the end of July 2024, the total number of registered businesses on the UPCoM market stood at 876, with a registered trading value of over VND 440 trillion. The market capitalization at the end of July 2024 was over VND 1,491 trillion, a decrease of nearly 10% compared to the previous month.
Dragon Capital Chairman: “Long-term vision is needed, accepting necessary adjustments for a safer, more efficient, and higher quality market”
According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.