Foreign Investors Continue Net Buying on UPCoM in August, but Trading Values Decline

The Hanoi Stock Exchange (HNX) data reveals a downward trend in the UPCoM market for August 2024, with lower liquidity and stock prices compared to the previous month. A silver lining is that foreign investors maintained net buying, albeit with a modest value, and the total trading value declined significantly.

0
125

Source: HNX

In August, the average trading volume on UPCoM reached over 46.06 million shares per session, with an average value of over VND 796 billion per session, decreasing by more than 19% in volume and over 29% in value compared to July 2024.

The trading value of foreign investors decreased by more than 64% compared to the previous month, but net buying continued with a value of about VND 65 billion. Similarly, proprietary trading of UPCoM stocks by securities companies decreased by more than 76% compared to the previous month, with a total value of VND 278 billion.

The UPCoM market in August welcomed three new registered businesses and one business canceled its registration due to the loss of its public company status.

As of the end of August 2024, the UPCoM market had 878 enterprises, with a registered trading value of over VND 440 trillion. Market capitalization at the end of August 2024 reached over VND 1,467 trillion, a decrease of nearly 2% compared to the previous month.

The Manh

You may also like

The Dragon’s Breath: QCG Stock Plunges as VN-Index Faces Headwinds

The QCG stock of JSC Quoc Cuong Gia Lai unexpectedly surged to its daily limit of VND6,560 per share, with the trading volume doubling that of the previous session.