Wednesday, September 27 2017

VietNamNews

VN-Index closes on a high note

Update: January, 13/2015 - 09:20
Investors watch trading movements on VPBank Securities Co's trading floor in Ha Noi. Shares made gains in HCM City yesterday but closed in the red in Ha Noi. — VNS Photo Truong Vi
HA NOI  (VNS) — Shares gained on the HCM City Stock Exchange but finished in the red on the Ha Noi Stock Exchange yesterday.

The VN-Index on the HCM City Stock Exchange added 0.81 per cent to 574.32 points.

The total transation value reached nearly VND2.2 trillion (US$103.3 million) on a volume of over 134.9 million shares.

Blue chips were mixed, pushing the VN30 Index down 0.43 per cent to 615.73 points. Among seven gainers, Sacombank (STB) advanced 2.7 per cent, and insurer Bao Viet Holdings (BVH) rose by two per cent.

However, decliners overwhelmed with 23 codes, especially property developer FLC Group (FLC), Phu My Fertiliser (DPM), logistic company Gemadept (GMD), financial group Ocean (OGC), Pha Lai Thermalpower (PPC) and Vinamilk (VNM).

Although shares tracked by the VN30 Index generally did not perform well, the benchmark index still managed to rally, thanks to PetroVietnam Gas (GAS) and the Bank for Investment and Development of Viet Nam (BID), which hit the ceiling prices yesterday.

Also, the highlight of the market was OGC shares with 32.25 million units changing hands. Each time the stock showed signs of reviving, selling pressure sent it plunging back. Ending the session, OGC lost 4.8 per cent to just VND6,000.

VNDirect Securities continued to hold firm to its belief that blue chips would be the mainstay of the market. In the short term, at least in this week's trading, national stocks would grow, predicted analysts from VietCapital Securities Company.

On the Ha Noi Stock Exchange, the HNX-Index tumbled by 1.09 per cent to close the session at 84.72 points.

As 47.4 million shares were traded, the value of transactions reached only VND624 billion ($29.3 million).

The HNX30 Index retreated more heavily at 1.11 per cent, standing at 164.85 points. Foreign investors concluded as net buyers yesterday by over VND58 billion ($2.7 million). — VNS

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