Tuesday, February 20 2018

VietNamNews

Shares gain on both bourses

Update: February, 11/2014 - 09:10
The VN-Index advanced 1.12 per cent to end at 555.9 points on the exchange, which has more than 110 million shares listed. The total trading value reached VND1.94 trillion (US$92.38 million).— File Photo

HA NOI (VNS)  — Shares reversed last week's downward trend on the HCM City bourse with a strong gain yesterday, as liquidity continued to remain high.

The VN-Index advanced 1.12 per cent to end at 555.9 points on the exchange, which has more than 110 million shares listed. The total trading value reached VND1.94 trillion (US$92.38 million).

The green color spread across the board with 174 advancers, overwhelming 51 decliners.

Also, the upward trend was stable from the late morning trading session, with improved purchasing power.

Of the southern bourse's top 30 shares by capitalisation and liquidity, 23 increased, while only four dropped.

Tracking these stocks, the VN30-Index rose 1.38 per cent to close at 631.42 points.

Hoang Anh Gia Lai (HAG) was the most active stock yesterday, jumping VND1,500 ($0.071) to the ceiling price of VND24,300 ($1.15), with 5.7 million shares traded, ranking second on the southern bourse by liquidity.

Gains of blue chips also came from FPT Group (FPT), which rose by VND2,000 ($0.095) per share, PetroVietnam Drilling (PVD) and real estate giant Vingroup (VIC), each rising by VND1,500 ($0.071) per share, and Hoa Sen Group (HSG) and HCM City Infrastructure Investment (CII), each increasing by VND1,100 ($0.052) per share.

Other advancers included Masan Group (MSN), Vietcombank (VCB), Ree Corporation (REE) and PetroVietnam Fertilisers and Chemicals Corporation (DPM).

Despite gains by the blue chips yesterday, the market spotlight still fell on the penny and mid-caps.

On the northern bourse, the HNX-Index edged up 1.04 per cent to 75.56 points, while the HNXFF-Index, tracking the capital city's stocks with a minimum free float rate of 5 per cent, gained 1.41 per cent to 75.15 points.

As 69.4 million shares changed hands, the total trading value reached VND534.7 million ($25.46 million).

Composed of the city's top 30 shares, the HNX30-Index jumped 1.91 per cent to end at 149.33 points.

According to FPT Securities, the market trend will remain positive, supported by expectations that regulations to increase foreign stakes will be issued soon, along with encouraging news from the global and domestic markets.

However, in the short term, the market will continue to be volatile. — VNS

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