Friday, April 27 2018

VietNamNews

Shares gain three days in a row

Update: March, 08/2014 - 08:18
Brokers receive orders from investors at the MayBank KimEng Securities in HCM City. — VNA/VNS Photo

HA NOI  (VNS) — With significant capital inflow, the benchmark indices continued to finish in the black yesterday, for three consecutive trading days.

The VN-Index edged up 0.21 per cent to reach 579.75 points. The total trading value reached VND2.23 trillion (US$106.19 million) and a total volume of more than 157 million shares were traded.

At one time, the benchmark index even touched 582 points.

As selling pressure eased and buying demand remained stable, 150 codes on the southern bourse managed to add value yesterday, while 89 codes dropped.

Blue chips showed mixed movement, although decliners overwhelmed advancers by 15-3. The VN30-Index, tracking the bourse's 30 largest shares by capitalisation and liquidity, added 2.84 points, or 0.44 per cent, to finish at 651.46 points.

This was thanks to the gains registered by Kinh Do (KDC), insurance company Bao Viet Group (BVH), Becamex IJC (IJC), and real estate giant Vingroup (VIC). Gains were also posted by Eximbank (EIB) and technology FPT Group (FPT).

Sacombank (STB) rose by 3.5 per cent to VND20,800 ($0.99) per share after news spread about its likely merger with Phuong Nam Bank.

Shares of the real estate sector also attracted investors. The Tan Tao Group (ITA) led in terms of liquidity with more than 15.4 million shares successfully changing hands and posting a gain of VND300 ($0.014) per share.

Meanwhile, Masan Group (MSN) and Hoa Sen Group (MSN) each registered a drop of VND1,000 ($0.047) per share. Other losers included PetroVietnam Low Pressure Gas Distribution (PGD), PetroVietnam Drilling Corporation (PVD), Hoang Anh Gia Lai (HAG), and Hoa Phat Group (HPG).

On the northern bourse, more than 87.6 million shares were traded with a total trading value of VND812 billion ($38.6 million).

The HNX-Index closed at 82.16 points and the HNXFF-Index, composed of stocks with a minimum free-float rate of 5 per cent, ended at 82.07 points, respectively 0.44 and 0.54 per cent higher.

The HNX30-Index, which tracks the top 30 shares, added 1.17 points or 0.72 per cent to finish at 164.24 points yesterday.

The exchange-traded funds (ETF) will review their investment lists, which is implemented every quarter.

The Thanh Thanh Cong Tay Ninh Sugar Company (SBT) was removed from the FTSE Vietnam Index of FTSE Vietnam ETF managed by Deutsch Bank in this review. — VNS



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