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VietNamNews

Shares surge as year-end approaches

Update: December, 31/2014 - 09:34
Staff at work at the Ha Noi Stock Exchange. National stocks rallied yesterday, but liquidity declined. — VNS Photo Thai Ha

HA NOI (VNS) — National stocks rallied yesterday, but liquidity declined.

On the HCM City Stock Exchange, the VN-Index jumped by 0.92 per cent to reach 537.57 points.

Transaction value was lower by 28 per cent than Monday's level, closing at VND1.3 trillion (US$61.3 million) on a volume of 86.7 million shares.

The VN30 Index, comprising the city's 30 largest stocks in terms of capitalisation and liquidity, added 1.34 per cent to 591.18 points. Only insurer Bao Viet (BVH) and private equity group Masan (MSN) retreated. Meanwhile, financial conglomerate Ocean Group (OGC) and PetroVietnam Transportation (PVT) hit their ceiling prices.

Many others also grew strongly, such as HCM City Securities (HCM), Becamex Infrastructure (IJC), Tan Tao Investment (ITA) and Saigon Securities Inc (SSI).

On the Ha Noi Stock Exchange, the HNX-Index climbed by nearly 1.59 per cent to end at 80.91 points.

The HNX30 Index, representing the performance of the bourse's top 30 blue chips, increased by 2.88 per cent to reach 155.75 points.

Trading value and volume slightly decreased over the previous session to VND516.9 billion ($24.3 million) and 46 million shares.

The net buying value of foreign investors remained virtually the same as Monday's session, standing at VND100.6 billion ($4.7 million).

A series of low-priced shares reached the daily increase limit yesterday, namely, Sao Mai (ASM), Duc Long Gia Lai (DLG), HAI Agrochem (HAI) and Ha Do (HDG).

The shares of CII Bridges and Roads (LGC) and PVC Petro Capital and Infrastructure Investment (PTL) had the same experience.

This helped the groups of small- and micro-cap stocks rise by 0.96 per cent and 0.35 per cent, respectively.

There were 14 out of 23 sectors that posted increase in their values.

The securities sector led the group with 2.2 per cent.

The market will be closed on Thursday and Friday due to the New Year holiday.

It will resume next Monday. — VNS

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