Thursday, October 19 2017

VietNamNews

Shares put positive end to the week

Update: December, 07/2013 - 10:08
Investors trace market fluctuations at An Binh stock trading floor. — VNS Photo Truong Vi

HA NOI  (VNS) — Shares advanced on both national stock exchanges yesterday, following slight losses on Thursday. However, overall liquidity declined.

The VN-Index on HCM City Stock Exchange gained 0.02 per cent to 510.12 points thanks to the support of blue chips.

According to FPT Securities, the benchmark index will continue to fluctuate with a narrow amplitude of around 510 points.

Meanwhile, total trading value touched VND1.085 trillion (US$51.66 million), 21 per cent lower than Thursday's trading session, on trading of 78.63 million shares, a decline of 24 per cent in trading volume.

The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, jumped 0.16 per cent to 570.11 points.

Also, gainers overwhelmed losers 12-9.

Losers included big names such as Vinamilk (VNM), which lost VND1,000 ($0.049), Masan Group (MSN), which lost VND500 ($0.023) and PetroVietnam General Services (PET), which closed VND200 ($0.0098) lower per share.

Technology company FPT Group (FPT), Hoa Phat Group (HPG), Kinh Do (KDC), Ocean Group (OCG), PetroVietnam Low Pressure Gas Distribution (PGD), Hoang Anh Gia Lai (HAG) and PetroVietnam Transportation (PVT) each dropped by VND100 ($0.0049) per share.

However, the benchmark index received support from Southern Rubber Company (CSM), which was 2.6 per cent higher to VND35,600 ($1.69) per share, Pha Lai Thermoelectric Plant (PPC), Ree Corporation (REE), Hoa Sen Group (HSG) and Gemardept (GMD).

Also, cash flow this week shifted targets from speculative stocks to VN30's stocks.

On the Ha Noi Exchange, the HNX-Index finished the day at 66.09 points, down 0.03 per cent.

However, the HNXFF, which is composed of stocks with minimum free float rates of 5 per cent, witnessed its first decline yesterday since launching at the beginning of the week. The index was 0.03 per cent lower at 66.17 points.

The VN30-Index, comprised of the city's largest shares, also tumbled 0.33 per cent to 124.95 points. — VNS


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