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VietNamNews

Shares extend gains in HCM City but lose value in Ha Noi

Update: July, 12/2012 - 12:13

HA NOI – Shares on the HCM City Stock Exchange moved on the second day of rallies, with the benchmark VN-Index adding another 0.38 per cent to 408.81 points.

Gainers outnumbered losers by 131-51.

However, trading remained at a low level. The overall market value reached VND237.5 billion (US$11.3 million) on a volume of 17.5 million shares.

Blue chips continued to be the driving force boosting the gains on both the VN-Index and VN30. Eighteen of the 30 leading stocks by capitalisation and liquidity closed this morning's session in green. Meanwhile, the five retreaters were property developer Dic Corp (DIG), Kinh Do Confectionery Co (KDC), Phu Nhuan Jewelry (PNJ), PetroVietnam Drilling Services Co (PVD) and Vinamilk (VNM).

These large-cap shares accounted for 37.2 per cent of the entire market value this morning. The VN30 hit 482.8 points, an increase of 0.26 per cent.

Meanwhile, the HNX-Index on the Ha Noi Stock Exchange was flat, losing 0.03 per cent to 68.57 points. The value and volume of trades fetched VND140.9 billion (USD$6.8million) and 17 million shares, respectively.

The HNX30, tracking the Ha Noi bourse's 30 best stocks, bucked the trend to rally by 0.26 per cent to close this morning at 128.61 points.

The market will resume trading at 1 pm. – VNS

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