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VietNamNews

Bourses continue upward trend

Update: October, 10/2014 - 08:43

At the HCM City Stock Exchange, the VN-Index put on 1.15 per cent to reach 624.34 points.— File Photo

HA NOI (VNS) — Benchmark indices continued to rise even as blue-chip shares levelled off in Viet Nam yesterday.

At the HCM City Stock Exchange, the VN-Index put on 1.15 per cent to reach 624.34 points. Trading value remained high at VND3 trillion (US$141.5 million) as trading volume reached 163.3 million shares.

However, the VN30 Index, representing the performance of the 30 largest stocks, shed 0.28 per cent to drop to 657.11 points. Seven of the large-cap stocks posted gains, notably steelmaker Hoa Sen (HSG) at 4.9 per cent and PetroVietnam Drilling Services (PVD) at 3 per cent.

Meanwhile, a total of 17 stocks tumbled, with Da Nang Rubber (DRC) and property developers Hoang Anh Gia Lai (HAG), Becamex (IJC) and Vingroup (VIC) joining Pha Lai Thermalpower (PPC) and PetroVietnam Transportation (PVT) at losses of between 2 to 5 per cent.

PetroVietnam Gas (GAS) and Mobile World (MWG), blue-chip shares that are not in the VN30 Index, hit their ceiling prices.

On the Ha Noi Stock Exchange, the HNX-Index finished at 91.35 points, advancing by 0.16 per cent. The HNX30 Index also increased by 0.27 per cent to 186.29 points.

Trading value improved slightly to VND1.2 trillion ($56.6 million) as trading volume reached nearly 79.3 million shares.

FPT Securities Company analysts noted what they called "a differentiation between shares of different sectors."

"Therefore, the most vital element in making profit from trading depends on the sensibility of investors," they said, and suggested that investors continue purchasing shares of companies reporting high profits in the third quarter of this year. — VNS

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