Monday, October 23 2017

VietNamNews

HCMC session ends with 0.7% gains

Update: February, 27/2015 - 08:19

The market's total trading value touched nearly VND1.5 trillion (US$70.4 million) on a volume of some 90 million shares. — Photo thanhnien

HA NOI (VNS) — The VN-Index on the HCM City Stock Exchange finished 0.7 per cent higher at 596.72 points during yesterday's trading session. Overall, the gainers outnumbered the losers by 138 to 79.

The market's total trading value touched nearly VND1.5 trillion (US$70.4 million) on a volume of some 90 million shares.

Among the 30 largest stocks in terms of capitalisation and liquidity, financial entity, Ocean Group (OGC) continued to hit the daily increase limit for the third session in a row to end at VND5,900 per share. It was also the most active stock with 17 million of its shares being traded.

The Ocean Group also announced its profit after tax during the fourth quarter of 2014 yesterday, which was pegged at VND306.6 billion ($14.4 million), surging nearly 560 per cent year-over-year, owing to the gains stemming from share and bond investments.

Eighteen other blue chip stocks also performed well, notably HCM City Infrastructure Investment (CII), property developer Hoang Anh Gia Lai (HAG), consumer goods company Masan (MSN) and Vietcombank (VCB).

The VN30 Index, which tracks the aforementioned stocks, also added 0.7 per cent to close at 623.84 points.

On the Ha Noi Stock Exchange, the HNX-Index increased 0.46 per cent to close at 86.06 points.

The HNX30, comprised of the northern bourse's top 30 shares, rose 0.8 per cent to close at 166.36 points.

As over 39.7 million shares were transacted, the value of trading touched VND504 billion ($23.7 million).

Trading on the domestic stock market yesterday was also boosted by shares in the banking, oil and gas sectors. Vietcombank has been relatively influential in the market, which can be seen in its movement being replicated by the VN-Index during recent days. In other words, the index increased or decreased whenever the stock gained or lost.

In addition, foreign investors continued to purchase Vietcombank shares. On both bourses, the net buyers reported a combined margin of VND87 billion ($4 million). — VNS

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