Updated  
January, 18 2014 09:58:04

HCM City bourse bounces back

Staffs on the Ha Noi Stock Exchange review auction of electric bonds. The total trading value reached a record high of VND2.3 trillion (US$104.54 million) on the exchange of 118 million shares. — VNA/VNS Photo Tuan Anh

HA NOI (VNS) — HCM City Stock Exchange witnessed a strong rebound yesterday in both liquidity and benchmark indices, while the Ha Noi market suffered from profit-taking pressure and closed down.

The VN-Index jumped 1.88 per cent, equal to 10.05 points, to reach 543.59 points. This was the largest gain on the benchmark index in the past four years.

Cash flowed strongly into the market, with improved liquidity. The total trading value reached a record high of VND2.3 trillion (US$104.54 million) on the exchange of 118 million shares.

Blue chips were the market stimulators yesterday, with Bao Viet Group (BVH), Hoa Phat Group (HPG), Masan Group, and Sacombank (STB) reaching their ceiling prices, with gains of VND2,700 ($0.128), VND3,000 ($0.142), VND6,000 ($0.28), and VND1,200 ($0.057) per share, respectively.

Seventeen of the southern bourse's 30 largest shares added value, surpassing six losers to help the VN30-Index jump 2.72 per cent to reach 605.5 points.

Losers included Southern Rubber Corporation (CSM), HCM City Infrastructure Development (IJC), Ocean Group (OCG), and PetroVietnam Low Pressure Gas Distribution (PGD) and PetroVietnam Transportation (PVT) also saw losses.

Trading was active yesterday, boosting the VN-Index to reach 550 points at one time. However, the increasing selling pressure in the afternoon session dragged down the benchmark index to close the day at a lower level.

However, on the Ha Noi Exchange, the HNX-Index closed 0.29 per cent lower at 72.29 points, while the HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, dropped 0.2 per cent to 72.49 points.

Liquidity remained at a high level, with 71.1 million shares traded for a total trading value of VND676.3 billion ($32.2 million).

The HNX30-Index, tracking the capital city's 30 largest shares, closed at 140.62 points, 0.88 per cent lower.

Foreign investors concluded yesterday as net sellers of VND248 billion ($12.4 million) worth of shares. — VNS


Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

President leads tribute to war hero who stood up to colonialism 1    President leads tribute to war hero who stood up to colonialism

President Truong Tan Sang yesterday attended a ceremony marking the 150th anniversary of the death of Truong Dinh, a national hero in the war against the French, in the Mekong Delta province of Tien Giang.

Viet Nam topple Japan in int'l Robocon finals Viet Nam topple Japan in int'l Robocon finals

The Lac Hong University Robocon team yesterday triumphed over their Japanese rival to take out this year's International Robocon contest in Pune, India.

How to eat to beat the heat: lessons from Asian tradition 2    How to eat to beat the heat: lessons from Asian tradition

At a recent English conversation get-together, I chose the topic - How to beat the heat? I also chose a second topic - Ways to calm down when one gets hot-headed.

Government refuses to give preferential policies to Vinalines in debt restructuring Government refuses to give preferential policies to Vinalines in debt restructuring

The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

Vietnamese lions to roar again Vietnamese lions to roar again

In the near future, foreign-style stone lions with fierce looks, large paws and sharp teeth are expected to be removed from relics, pagodas and temples throughout the country.