Wednesday, November 22 2017

VietNamNews

Shares make gains across both bourses

Update: January, 22/2014 - 09:14

Staff at FPT Secutities Company in Ha Noi. Trading value remained positive, at VND1.98 trillion (US$93.4 million) yesterday. — VNS Photo Thai Ha

HA NOI (VNS) — Shares on both the national stock exchanges advanced yesterday.

The VN-Index on the HCM City Stock Exchange managed to increase more than 1.1 per cent to 559.91 points.

Trading value remained positive, at VND1.98 trillion (US$93.4 million), with about 100.9 million shares changing hands.

Blue chips lifted the VN30 Index by 2.16 per cent to 634.08 points.

Insurer Bao Viet Holdings (BVH) continued to hit its daily price limit, jumping to VND47,200 ($2.2). PetroVietnam Drilling Services (PVD) also jumped to the extent of its daily price limit. Other stocks advanced strongly as well, with gains ranging between 2.6 and 5.8 per cent.

Shares of property developer Tan Tao (ITA) were actively traded yesterday, with 14.2 million shares transacted at the upper price limit. The stock will be re-included in the VN30 Index from Monday.

Meanwhile, food processor Bourbon Tay Ninh (SBT) will be out of the index. SBT closed yesterday's session 0.8 per cent lower.

On the Ha Noi Stock Exchange, the HNX-Index reversed Monday's losses to add 1.46 per cent to finish at 73.56 points.

The HNX30 Index, representing the bourse's top 30 stocks, also rallied by over 3.3 per cent to close at 144.52 points.

With 51. 4 million shares traded, the market value was estimated at VND551.6 billion ($26 million).

According to FPT Securities' analysts, with investors continuing to buy and positive technical indicators, the Ha Noi market could continue to remain buoyant and hit new highs.

Foreign net purchases yesterday, however, reached only 78.8 per cent of Monday's level, or VND287.6 billion ($13.5 million).

Bao Viet Securities Co's Nguyen Xuan Binh advised investors to book short-term profits, as there is a possibility of a market correction in the coming days. — VNS



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