Monday, December 18 2017

VietNamNews

Both bourses rebound slightly

Update: September, 14/2013 - 09:18
The stock market underwent another day of boring trading and most stocks hovered around their reference prices, according to FPT Securities.— Photo doanhnhansaigon

HA NOI (VNS)— The VN-Index on the HCM City Stock Exchange ended the week on a high, helping to trim this week's losses caused by stolid trading as risk appetites evaporated in a lacklustre market bereft of stimulating news.

The stock market underwent another day of boring trading and most stocks hovered around their reference prices, according to FPT Securities.

The VN-Index on the southern bourse added 0.17 per cent to end on 476.42 points.

The southern market was barely positive, with 92 stocks gaining, 86 falling and 88 holding steady, while 40 stocks were left untraded.

The VN30-Index, monitoring the top 30 flagship shares was static slipping 0.01 per cent to 531.21 points. Among its 30 members, nine stocks advanced, six declined, and 15 were unmoved.

Market volume was down 10 per cent from the previous day to 29 million shares, while fund certificates crept up slightly to be worth VND475 billion.

PetroVietnam Transportation (PVT), the most active code with 2.2 million shares changing hands, rallied 2.86 per cent to end at VND7,200.

Ocean Group (OGC), came second in terms of market volume with 1.8 million shares traded to close at VND8,800 per share.

At the end of the session, 20 stocks were being traded at the lower limit, which was recently capped at 7 per cent by market regulators.

Bao Viet Securities analysts said in the short-term period, the market may be swayed with a clear differentiation between stocks.

Investors were warned to keep a low ratio of shares and await market developments.

FPTS Securities stock analysts said that low liquidity would become a big concern if did not improve soon.

Stocks on the Ha Noi Stock Exchange closed slightly higher yesterday to narrow this week's fall as big stocks gained ground on another sluggish day of trading with liquidity continuing to decline.

Traders remained indifferent to equity assets against the backdrop of an uncertain market outlook.

The slight upturn today was fuelled by a blue chip rally.

Meanwhile, the HNX-Index rose 0.26 per cent to end the day at 60.18 points. The gauge slipped 0.44 per cent this week but has still risen 5.4 per cent since the start of the year. — VNS

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