Updated  
February, 15 2014 09:09:59

Benchmark indices post modest gains

Investors watch market fluctuations at Bao Viet Securities. — VNS Photo Viet Thanh

HA NOI (VNS)— Investors were more cautious in HCM City yesterday, causing the benchmark index to slow down.

The VN-Index, despite losses in the morning trading session, managed to increase slightly during the afternoon session.

The index rose by 0.36 per cent, lower than the 1.87 per cent and 1.05 per cent posted on Wednesday and Thursday, respectively, to end at 572.22 points.

Investors become more cautious yesterday as it was the day that the huge volume of shares traded on Tuesday were transferred to investors' accounts under the T+3 transaction, causing selling pressure, according to FPT Securities.

Blue chips showed a mixed performance, with 13 gainers and 10 losers. However, the VN30-Index, tracking the bourse's largest stocks by capitalisation and liquidity, declined by 0.05 per cent to 641.41 points.

This was due to losses incurred by the giant property developer Vingroup, Hoa Phat Group (HPG), Hoa Sen Group (HSG), and Masan Group (MSN). The Bao Viet Group (BVH) and FPT Group (FPT) were also among the losers.

However, major stocks such as Vinamilk (VNM), PetroVietnam Drilling (PVD), Ocean Group (OCG), and PetroVietnam Transportation Corporation (PVT) gained in the day's trading. The stocks of Sacombank (STB) also posted gains.

The strong cash flow yesterday helped the VN-Index avoid a loss at the end of the trading day.

The total trading value reached VND2.33 trillion (US$110.9 million) on transactions of more than 142.8 million shares.

Tan Tao Group (ITA) led the bourse in liquidity as 9.5 million of its shares changed hands, followed by the Ocean Group (OCG), with 5 million shares.

Liquidity set a new record on the Ha Noi Stock Exchange, with the total trading value at VND952 billion ($45.33 million) and the trading volume at more than 113.8 million shares.

The benchmark indices maintained the strong gains from Tuesday, and the HNX-Index added 1.37 per cent to reach 78.76 points.

The HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, advanced 1.24 per cent to end at 77.67 points.

Tracking the capital city's top shares by capitalisation and liquidity, the HNX30-Index closed yesterday at 156.62 points, posting a rise of 1.56 per cent. — VNS


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

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

Highlight

Wild peach branches disappear as demand rises Wild peach branches disappear as demand rises

It's hard to find ancient wild peach branches on sale in the northern mountainous province of Son La, due to their overexploitation by the local people.

Flower Road to be opened today Flower Road to be opened today

The Flower Road in HCM City's Ham Nghi Street will be opened to the public at 7pm today. Viet Nam News photographer Van Dat presents different images of the Flower Road, as seen through his lens.

Vietnamese consumer confidence "largely intact": Economist Vietnamese consumer confidence "largely intact": Economist

Vietnamese consumers started 2015 with their confidence broadly unchanged after a tumultuous 2014, ANZ Bank Economist Glenn Maguire said in a recent report.

Viet Nam ranks 10th worldwide in remittances Viet Nam ranks 10th worldwide in remittances

Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.