Tuesday, October 24 2017

VietNamNews

Bank shares back market up

Update: May, 29/2015 - 07:52

On the HCM City Stock Exchange, all bank shares rose, particularly Eximbank (EIB) that reached its ceiling price at VND13,200. With 6.5 million of its shares traded, Military Bank (MBB) ranked fourth among the most active codes. — Illustrative Image/ Photo Bizlive

HA NOI (VNS) — Stock markets yesterday turned back to recovery as bank shares had an impressive performance.

On the HCM City Stock Exchange, all bank shares rose, particularly Eximbank (EIB) that reached its ceiling price at VND13,200. With 6.5 million of its shares traded, Military Bank (MBB) ranked fourth among the most active codes.

Gas stocks also contributed to the market's recovery. While PetroVietnam Gas JSC gained 1.6 per cent, many smaller gas stocks also recorded good performances, with Idico-Petroleum trading Construction Investment JSC (PXL) hitting the ceiling price at VND3,400.

Securities shares also increased. Bao Viet Holdings (BVH) increased by 1.37, Saigon Securities Incorporation (SSI) by 2.58 per cent, and HCM City Securities Corporation (HCM) by 1.4 per cent.

FLC Group (FLC) and Ocean Group JSC (OGC) extended their recovery by reaching their ceiling prices at VND9,500 and VND2,700, respectively. FLC was also the most active code on the market, trading more than 25.5 million shares.

On the HCM City Stock Exchange, the VN-Index gained 1.15 per cent to finish at 572.97 points. The VN30 Index, covering 30 largest shares on the market in terms of liquidity and market value, surged 0.75 per cent to stand at 594.27 points.

In this basket, the number of decliners was half the number of advancers, 72 to 149.

Meanwhile, market liquidity rose sharply from Wednesday's number. Overall, the market traded nearly 151.8 million shares worth VND2.31 trillion ($107 million), an increase of 31.8 per cent.

On the Ha Noi Stock Exchange, the HNX-Index edged up 2.36 per cent to reach 83.65 points. Of all the stocks, the number of gainers doubled that of decliners by 139 to 70.

The HNX30 Index sharply rose by 2.95 per cent. With 24 gainers, the situation on the northern bourse was greater, while the number of losers was only three.

Large-cap shares also drove the northern market up, just like the southern market.

Like the southern stock market, bank shares helped the northern market up. Asia Commercial Bank (ACB) and Sai Gon-Ha Noi Bank (SHB) rose by 6.11 per cent and 6.49 per cent, respectively.

Sai Gon-Ha Noi Securities JSC (SHS) touched its ceiling price at VND8,300 and traded 2.4 million shares.

The market also received support from gas stocks as most of the gas shares improved, including PetroVietnam Construction Joint Stock Corporation (PVX) that gained 2.5 per cent and Petroleum Technical Services Corporation (PVS) that gained 0.78 per cent.

KLF Joint Venture Global Investment Co (KLF) remained the most active stock by trading 10 million shares and up 4.05 per cent to VND7,700.

On the market, nearly 72 million shares were traded for a total value of VND780.8 billion ($36 million), an increase of 38.4 per cent.

However, foreign investors reduced their total net buy value by one-third to VND51.8 billion ($2.4 million). — VNS

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