Friday, October 28 2016


Stocks rise on same-day trading rule

Update: June, 13/2015 - 10:02
Investors keep track of market movements at Bao Viet Securities. — VNS Photo Viet Thanh
HA NOI  (VNS) — Stock markets yesterday continued to grow as real-estate and security shares continued to impress the investors to keep the market on a positive course.

The markets also improved as the market confidence increased after the State Securities Commission issued drafted circulars which allow investors to buy and sell one share in the same trading day.

On the HCM City Stock Exchange, the VN-Index rose 0.29 per cent to finish at 582.73 points.

Among all shares on the market, 161 advanced from Thursday while 95 declined and 63 remained unchanged.

Market liquidity remained high to show that investors are still confident in the market. A total of 163 million shares were traded yesterday, worth VND2.67 trillion ($123.7 million).

Blue chips had a mixed performance, with 11 codes rising and 13 falling on the VN30.

Real estate shares led the market with more than half of the top ten most active codes on the market, including FLC Group (FLC), Vingroup JSC (VIC) and Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC). VIC made a big gain of 5.69 per cent to close at VND52,000.

Securities shares also rose from Thursday. Agribank Securities JSC (AGR) hit its ceiling price at VND6,200, while HCM City Securities Corporation (HCM) was up 3.52 per cent.

However, market growth was held back by blue chips such as Petrovietnam Gas Corporation (GAS), Vietcombank (VCB) and Vietnam Dairy Products JSC (VNM)

On the Ha Noi Stock Exchange, the HNX Index gained 0.26 per cent to end at 87.95 points, with 115 gainers and 81 losers. The market traded 74.4 million shares, worth VND934.4 billion ($43.2 million).

Blue chips, as usual, took the lead on the market. FIT Investment JSC (FIT) remained the most active code on the market, trading 6.6 million shares, but falling 0.59 per cent. There were also four other stocks that traded more than 4 million shares, including KLF Joint Venture Global Investment Corporation (KLF).

Securities shares made gains to help the market stand against the fall of bank shares and gas shares. VNDirect Securities JSC (VND), Sai Gon-Ha Noi Securities JSC (SHS), Kim Long Securities JSC (KLS) and Bao Viet Securities JSC (BVS) gained between 3.42 and 8.26 per cent.

Foreign investors were net buyers on both markets, totaling a net purchasing value of VND186.8 billion ($8.65 million). — VNS

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