Monday, October 24 2016


VN-Index climbs for third day

Update: May, 23/2015 - 06:59
Investors watch market changes at the Military Bank Securities (MBS) trading floor. – VNS Photo Truong Vi
HA NOI  (VNS) —  Money continued to flow in HCM City's stock market yesterday, extending gains on the southern exchange.

Meanwhile, the VN-Index added another 9 points, or 1.68 per cent, to close yesterday's session at 561.82 points.

Blue chips continued to grow, with the VN30, which tracks the top 30 shares by market value and liquidity here, rising 1.37 per cent to end at 586.58 points.

Also, liquidity was relatively high, as almost 120 million shares, worth VND1.9 trillion (US$87.6 million), were traded by the end of the session.

Further, the market condition remained positive with 148 stocks climbing, 84 falling and 71 closing flat.

Property developer FLC Group (FLC) still claimed the most active stock position here, with trades of 14.6 million shares. Its price closed flat at VND10,400 per share.

Foreign purchases also contributed to the market uptrend. The foreign sector poured nearly VND438.4 billion ($20.2 million) into HCM City's market, up 57 per cent over Thursday's level, as well as the highest in the past 12 sessions. They were responsible for a net buy value of VND145 billion ($6.7 million) by the end of the day, while trades focused on VN30's shares, helping push these shares' prices higher. The shares benefiting from foreign investment included VinGroup (VIC), Vietcombank (VCB), Sacombank (STB), Saigon Securities Inc (SSI), Masan Group (MSN), Hoang Anh Gia Lai Co (HAG) and Bao Viet Holdings (BVH).

By contrast, the HNX-Index on the Ha Noi Stock Exchange lost 0.2 per cent to finish the day at 79.55 points, as many investors decided to earn quick margin profits.

Liquidity continued to build here, with both market volume and value climbing 20 per cent over the previous session, totalling nearly 58 million shares worth VND644.5 billion ($29.7 million).

Speculative stock F.I.T Investment Co (FIT) was the most active here, trading 9.5 million shares, but its price dived 7.6 per cent to settle at VND13,400 per share.

Foreign investors were also net buyers in Ha Noi's market, but their net buy was much smaller than that of HCM City's market, at just nearly VND4 billion ($184,300) yesterday. — VNS

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