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VietNamNews

Shares record gains on both bourses

Update: April, 10/2014 - 08:40
Investors follow transactions at Hoang Gia Securities Corporation in Ha Noi. — VNS Photo Truong Vi

HA NOI (VNS)  — Shares closed higher on both the national stock exchanges on Tuesday.

The market was closed yesterday on account of public holiday and resumed operations today.

On the HCM City Stock Exchange, the VN-Index ended 0.45 per cent higher to close at 603.25 points, and nearly 127.5 million shares were traded during the day.

The total trading value reached VND2.4 trillion (US$114.3 million), roughly similar to that noted during the previous trading session.

The market witnessed gains and losses on Tuesday, as investors maintained a cautious stance and were hesitant to inject capital.

Large-cap stocks did not play the role of market pillars on Tuesday, with the VN30-Index, tracking the southern bourse's largest stocks by capitalisation and liquidity, dropping 0.14 per cent to reach 672.06 points, although the gainers outnumbered losers by 13-9.

Losses from real estate giant,Vingroup (VIC) and milk producer, Vinamilk (VNM) dragged down the benchmark index on Tuesday, as they lost VND2,000 ($0.097) and VND1,000 ($0.048) per share respectively.

Other losers were PetroVietnam Low Pressure Gas Distribution (PGD), Hoa Phat Group (HPG), and Kinh Do Corporation (KDC).

Meanwhile, technology giant FPT Group (FPT), Masan Group (MSN), and PetroVietnam Drilling Corporation (PVD) posted gains on Tuesday.

Overall, 123 codes managed to advance on Tuesday, while 91 others lost values.

On Tuesday, the Tan Tao Group (ITA) continued to lead the bourse by trading value with 8.86 million shares changing hands.

On the Ha Noi Stock Exchange, the HNX-Index added 0.51 points, or as much as 0.58 per cent, to end the day at 87.82 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 per cent, rose by 0.66 per cent to close at 89.27 points.

With 73 million shares changing hands, the total trading value reached VND896 billion ($42 million).

Tracking the capital city's top 30 stocks, the HNX30-Index jumped 2.38 per cent to end at 183.84 points.

According to FPT Securities, although several speculative stocks saw ample trading, but blue chip stocks remained the main target of investors. As a result, the market was largely dependent on the fluctuations in large-cap stocks. FPT Securities advised investors to remain cautious as the market gain lacked stability. — VNS

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