Updated  
July, 30 2014 08:20:00

Blue chips fuel indices' gains

The VN-Index added 2.79 points or as much as 0.47 per cent to stand at 592.24 points at the exchange of nearly 62.3 million shares, worth VND1.01 trillion (US$47.6 million).— Photo vietpress

HA NOI (VNS) — Gains from market pillars helped the VN-Index on the HCM City Stock Exchange rebound from Monday's loss.

The VN-Index added 2.79 points or as much as 0.47 per cent to stand at 592.24 points at the exchange of nearly 62.3 million shares, worth VND1.01 trillion (US$47.6 million).

The trading volume and value declined by 44 per cent and 41 per cent, respectively, over the previous trading session.

Trading was sluggish as buyers remained cautious after a share sell-off on Monday.

FPT Securities said that the VN-Index's gain yesterday was just a technical rebound, fuelled by stocks of large capitalisation but not buying demand.

The VN30-Index, tracking the performance of the southern city's largest stocks by capitalisation and liquidity, rose by 0.52 per cent to end at 633.58 points.

Property developer Vingroup (VIC) and diary giant Vinamilk (VNM) were among major market stimulators which added VND1,000 ($0.045) per share each after information that they will spend trillions of dong paying dividends in the next two months.

Other gainers included Masan Group (MSN) which rose by 1.6 per cent, Bao Viet Holdings (BVH) up 2.1 per cent, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC) and PetroVietnam Drilling Corporation (PVD).

Five codes in the VN30 package posted losses, including FPT Corporation (FPT) and Southern Rubber Corporation (CSM) while 11 others tread water.

Stock analysts said that due to the lack of supportive information, the uptrend of the VN-Index was uncertain because the pressure at 590 points was technically high.

On the Ha Noi Exchange, the HNX-Index rose 0.71 per cent to end at 78.28 points while the HNXFF-Index, composed of stocks with minimum free float rate of 5 per cent, added 0.68 per cent to 78.08 points.

The market liquidity declined over the previous trading session with a modest 31 million shares worth VND363 billion ($17 million) changing hands.

The HNX30-Index, tracking the capital city's top stocks, closed 0.96 per cent higher at 155.57 points. Foreign investors solidly injected money into the market during recent trading sessions. They purchased a net VND54.22 billion ($2.5 million) shares yesterday, up 31 per cent over the previous trading session. — VNS

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

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

Highlight

Authorities step in to save old trees 1    Authorities step in to save old trees

The Ha Noi People's Committee has asked Ha Noi Urban Railway Management Unit to try to avoid chopping down many old trees to make way for a future metro line.

Young travellers rescue bus accident victims Young travellers rescue bus accident victims

A group of 16 young Vietnamese motorbikers were first on the scene at last Monday's tragic bus accident on its way from the resort town of Sa Pa, which killed 13 of the 50 passengers on a sleeper bus.

Capital's new urban areas still without safe tap water Capital's new urban areas still without safe tap water

People living in apartment buildings of the capital's new urban areas are expressing concern over poor-quality tap water.

Minister acts on highway peril Minister acts on highway peril

The Ministry of Transport has urged Lao Cai People's Committee to co-ordinate the completion of the highway linking Noi Bai airport with Lao Cai and the resort town of Sa Pa.

VN film triumphs at Venice festival VN film triumphs at Venice festival

A film by Vietnamese female director Nguyen Hoang Diep beat seven other foreign debut features to win the Best Film prize at the 2014 Venice International Film Festival's International Critics' Week.