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VietNamNews

Stock exchanges see more shares gaining

Update: May, 29/2013 - 09:37

HA NOI (VNS)— Shares extended their rally on both HCM City and Ha Noi exchanges yesterday, but growth was slower than the previous session.

On the HCM City Stock Exchange, the VN-Index added just 0.77 per cent to reach 516.33 points, having leapt nearly 3 per cent on Monday.

Gainers outnumbered losers by 141-73.

Trading value decreased slightly over Monday's level, reaching VND1.4 trillion (US$66.6 million) with around 87.4 million shares changing hands.

Among blue chips tracked by the VN30, nine stocks tumbled while 16 made gains.

The frontrunners were Vinh Son-Song Hinh Hydropower (VSH), which hit its ceiling price, rubber company Casumina (CSM), which added 5 per cent, and PetroVietnam Drilling Services (PVD), which put on 3.4 per cent.

Meanwhile, Da Nang Rubber Co (DRC) was the biggest loser, dropping 2.8 per cent.

The VN30 index closed at 577.40 points, marking a 0.45 per cent rise.

On the Ha Noi Stock Exchange, the HNX-Index crept up 0.85 per cent to 64.07 points after struggling during the morning session.

Market value and volume reached VND509.2 billion ($24.2 million) and 63.8 million shares, accounting for about 75 per cent of Monday's trades.

The HNX30, representing the northern bourse's 30 largest shares in terms of capitalisation and liquidity, increased 1.47 per cent to 124.59 points. Ocean Hospitality and Service (OCH) was the only one blue chip to retreat.

As the stock market heats up, businesses have started to plan for listings. Last year, the market saw 26 new listed shares and fund certificates but 22 shares delisted.

Subsidiaries and affiliates of some currently listed companies plan to go public this year, including PetroVietnam Gas' (GAS) investment and construction arm PVID, investment corporation FLC's (FLC) FLC Global and Petrovietnam General Services' (PET) Petrosetco Distribution.

In addition, Da Nang Housing Construction Development and Future Investment Trend Company also plan to list shares. — VNS


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