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Shares rise on positive liquidity

Update: December, 10/2013 - 09:06
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HA NOI  (VNS) — Shares rose on improved value and volume yesterday.

According to BIDV Securities Co's analysts, liquidity grew on the back of positive medium and long-term prospects.

On the HCM City Stock Exchange, the VN-Index added 0.22 per cent to close the session at 511.23 points.

The VN30, tracking the city's top 30 stocks, also put on 0.54 per cent to finish at 573.21 points.

Private equity firm Masan Group (MSN) hit its daily ceiling to close at VND87,000 (US$4.1), with more than 1.8 million shares changing hands through the order matching method, its highest level in four years. Pha Laii Thermalpower (PPC), comm-ercial baker Kinh Do (KDC) and Sacombank (STB) also rose by 2.4-3.2 per cent.

The total value jumped over 44 per cent compared to last Friday to VND1.56 trillion ($73.5 million) on a volume of 102.3 million shares.

On the Ha Noi Stock Exchange, the benchmark HNX-Index edged up 0.05 per cent to 66.12 points.

The HNXFF-Index,which will replace the HNX-Index next year, also gained 0.1 per cent to reach 66.24 points.

The HNX30, comprised of the northern bourse's leading stocks in terms of capitalisation and liquidity, ended at 125.53 points, up 0.47 per cent.

However, several of the exchange's new indices retreated, including mid and small-cap stocks and shares in the financial and construction sectors.

Trading on the bourse rose to VND362.8 billion ($17.1 million) with a volume of 41 million shares.

Despite major shares advancing, investors offloaded penny stocks such as steelmaker Huu Lien A Chau (HLA), Incom Fish (ICF), textiles firm Mirae (KMR), PetroLand (PTL) and Petroleum Industrial And Civil Construction (PXI), which dipped to their floor prices.

Foreign investors bought a net value of VND44 billion ($2 million) on both bourses yesterday. — VNS

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