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VN-Index ends month on high note

Update: May, 31/2014 - 09:29
Investors follow transactions at Hoang Gia Securities in Ha Noi. Shares closed the last trading day of May with mixed results, higher on the HCM City Stock Exchange but lower on the northern bourse. — VNS Photo Truong Vi

HA NOI (VNS)— Shares closed the last trading day of May with mixed results, higher on HCM City Stock Exchange but lower on the northern bourse.

Analysts expect a more surprising June. According to FPT Securities, risks eased over the first half of this month, creating opportunities for investors to buy stocks.

The VN-Index gained by 3.57 points or as much as 0.64 per cent to end at 562.02 points.

The upward trend was maintained for five consecutive days.

Large-cap stocks attracted foreign capital inflow, with the VN30-Index seen rising 0.49 to per cent to land at 618 points.

There were 16 gainers and 10 losers.

Banking stocks posted gains yesterday, including Vietinbank (CTG), Military Bank (MBB), Sacombank (STB) and Vietcombank (VBC).

Other gainers included Vingroup (VIC) and Masan Group (MSN), which added VND1,500 (US$0.071) a share each.

Meanwhile, Bao Viet Holdings (BVH), Tan Tao Group (ITA), REE Corporation (REE) among seven others slightly dropped.

Overall, on the southern bourse, losers overwhelmed gainers by 128 – 91, however.

Investors were cautious yesterday as the benchmark index was approaching the strong resistant band of 560 points, resulting in falling liquidity.

More than just 83 million shares were changing hands, worth VND1.4 trillion ($66.6 million).

FLC Group (FLC) led the bourse by trading volume, with 6.6 million shares traded.

On Ha Noi Exchange, the HNX-Index extended Thursday's loss, closing yesterday 0.77 per cent lower at 75.8 points.

The HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, lost 0.83 per cent at 76.39 points.

On the northern bourse, losers outnumbered gainers by 116 – 91.

The HNX30-Index, tracking the top stocks by capitalisation and liquidity, ended at 152.13 points, 0.87 per cent lower.

Trading volume and value declined over previous trading sessions, with 50.6 million shares traded worth VND497.2 billion ($23.6 million).

Foreign investors purchased a net VND250 billion ($11.3 million) with focus on large-cap stocks, especially Masan Group (MSN) and PetroVietnam Gas Corporation (GAS). — VNS


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