With the share price decreases in three trading sessions and increases in two sessions, the VN Index decreased by 12.24 points last week to 1,077.36, or 1.1%.

Most share items saw the price decreases, while only a few ones remained stable or increased in prices. The prices of 37 share items reportedly increased, 63 items were down, and the other 7 ones stablised. Two fund certificates also saw the prices decrease.

The total trading volume of the last week was 29.03mil units, or 5.8mil shares for every trading session, valued at VND3,535.6bil ($220.93mil), or VND707bil per trading session.

Five share items that saw the biggest trading volume included STB (5.4mil shares), SJS (1.4mil), VF1 (1.3mil), BF1 (1mil certificates), and PPC (1mil). The last week witnessed the sharp increase of LBM, the little known item, by 27.6% to 48,600/share.

BMC also made an exploit when increasing by 26.7% to 432,000 last week. Other share items which also saw price increase were HBC, TCT (26%), VGP (25.5%), HAX (25%), SDN (20%), and UNI (18%).

Meanwhile, BTC lost 12.8% in value to VND19,000/share at closing. The prices of other share items saw slight decreases last week.

The HCM City Securities Trading Centre (HSTC) last week reprimanded four securities companies for the errors in order operation. The four companies included BIDV’s Securities Company, Sacombank’s Securities Company, HCM City Securities Company and Gia Anh Securities Company.

Also according to HSTC, the staffs of six securities companies have been found as violating the regulations on opening transaction accounts. Under the current regulations, staffs of securities companies can only open one account for securities transaction at the securities companies they work for. The six securities companies were SeABS, Thien Viet (TVSC), Thai Binh Duong (PSC), National Securities Company (NSI), VP Bank (VPBS), Viet Securities Company (VSC).

The most important events of the last week was the Vietnam Business Forum and the mid-year Consultative Meeting held in Quang Ninh on May 30-June 1. The International Monetary Fund (IMF) has urged the Ministry of Finance, State Bank of Vietnam, and State Securities Commission (SSC) to urgently set regulations on providing loans relating to the stock market. SBV has promulgated the document stipulating that the outstanding loan funding securities trading deals must not exceed 3% of a commercial bank’s total outstanding loans.

Source: VietNamNet, VNE, TBKTVN