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Economic data helps lift shares

Update: December, 25/2012 - 09:37

 

Investors monitor trades at the offices of VNDirect Securities Co in Ha Noi. The VN-Index added 0.74 per cent yesterday to close at 399.71 points. — VNS Photo Viet Thanh
HA NOI (VNS) - Stocks advanced steadily on both national exchanges yesterday as investors responded positively to economic movements.

The central bank yesterday reduced the cap on deposit interest rates by one point to 8 per cent per year, while the lending rate was reduced to just 12 per cent per annum.

The monthly consumer price index (CPI) for December was also reported to have risen by just 0.27 per cent over November, helping the annual figure remain in single digits at 9.2 per cent.

In addition, the General Statistics Office (GSO) released the fourth quarter's gross domestic production, which increased 5.44 per cent. The year's data rose 5.03 per cent compared to last year.

"Although this year's GDP is lower than last year's growth, it is a good result given the economic difficulties we are facing," the GSO said.

On the HCM City Stock Exchange, the VN-Index added 0.74 per cent to close at 399.71 points while the VN30 tracking the top 30 shares on the bourse edged up 0.38 per cent to 466.99 points.

Around 73 million shares worth VND1.27 trillion (US$60.4 million) changed hands, slightly less than last Friday's session.

Trading through negotiations increased significantly, mostly due the 22 million shares or 6.72 per cent stake that EVN Finance sold in Pha Lai Thermal Power Co (PPC).

On the Ha Noi Stock Exchange, the HNX-Index climbed 1.76 per cent to close at 55.00 points on a turnover of VND450.24 billion ($21.4 million).

Shares in Kim Long Securities (KLS) were the favourite among investors, with 4.3 million exchanged by the end of the session. KLS stocks were traded at its ceiling price of VND8,200.

Securities shares in general enjoyed the highest growth in Ha Noi yesterday with almost all listed codes hitting their ceiling prices including Bao Viet (BVS), Hai Phong (HPC) Au Viet (AVS), Phuong Dong (ORS) and Sai Gon-Ha Noi (SHS). — VNS

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