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VietNamNews

Bourses post mixed results amid declining liquidity

Update: January, 27/2015 - 08:55
An investor watches trading at the Bao Viet Securities Co trading floor in Ha Noi. — VNS Photo Truong Vi
HA NOI  (VNS) — The national stocks closed mixed on the two exchanges yesterday, combined with declining liquidity.

On the HCM Stock Exchange, the VN-Index slid just 0.3 per cent to reach 580.64 points.

The transaction value was nearly VND2.45 trillion (US$115 million), falling 12.5 per cent over last Friday's session, on a volume of 139.9 million shares.

The VN30 Index, comprising the city's 30 largest stocks in terms of capitalisation and liquidity, also declined by 0.4 per cent to stand at 612.64 points, as the losers outnumbered the gainers by 13 to 9.

Although Kinh Do Confectionery (KDC), Vinh Son–Song Hinh Hydropower (VSH), Ocean Group (OGC) and Da Nang Rubber (DRC) rose, the blue-chip tracking index was dominated by the slumps suffered by steelmakers Hoa Phat (HPG) and Hoa Sen (HSG), insurer Bao Viet Holdings (BVH), PetroVietnam Drilling Services (PVD) and Vinamilk (VNM).

On Friday and during yesterday's session, some 93 million Eximbank (EIB) shares were transacted through negotiations, at VND13,000 ($0.6) per unit. The shares comprise about 7.5 per cent of the bank's outstanding shares. Meanwhile, EIB closed three per cent higher yesterday.

On the Ha Noi Stock Exchange, the HNX-Index edged up by 0.17 per cent to end at 87.01 points.

The HNX30 Index, representing the performance of the bourse's top 30 blue chips, however lost 0.15 per cent, reaching 168.76 points.

The trading value and volume reached VND608 billion ($28.5 million) and almost 56.9 million shares respectively, lower than the previous session's level.

The Tien Bo Group, which does business in trading, construction, steel and sports equipment, debuted on the northern exchange yesterday as TTB, jumping 18.7 per cent to close at VND17,800 ($0.83).

Meanwhile, property stocks enjoyed a good day with several of them hitting high levels, including Hoang Quan (HQC), HUDL, (HLD) and Sao Mai (ASM), besides Vinaconex (VCG) and Thu Duc Housing Development (TDH). — VNS

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