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VietNamNews

VN Index propped up by blue chips

Update: June, 23/2015 - 10:07
Market liquidity was high with nearly 155 million shares traded, worth VND2.18 trillion (US$101 million). — Photo BizLIVE
HA NOI (VNS)  — Blue chips yesterday helped the VN-Index surpass the benchmark of 590 points and stopped the northern bourse from falling further.

On the HCM City Stock Exchange, the VN-Index gained 1.6 per cent to finish at 594.08 points with 103 advancers and 99 decliners.

Market liquidity was high with nearly 155 million shares traded, worth VND2.18 trillion (US$101 million).

The VN30, which tracks the 30 largest shares in terms of capitalisation and market value, rose by 1.96 per cent to 615.1 points with 20 gainers and seven decliners.

FLC Group (FLC) was the most active code on the market with nearly 40.8 million shares traded, equal to 26.3 per cent of the market trading volume. FLC dropped 3.22 per cent to VND9,000 per share.

Ocean Group (OGC) faced strong selling pressure from investors and traded 18 million shares overall. However, it managed to gain 3.45 per cent to VND3,000 per share by the end of yesterday's trading session.

Among blue chips, the most powerful shares on the market, Vietcombank (VCB), PetroVietnam Gas Corporation (GAS) and Vietnam Dairy Products Corporation (VNM) rose by 2.37 per cent, 0.8 per cent and 4.67 per cent, respectively.

Bank shares and securities shares, including the Bank for Investment and Development of Viet Nam (BIDV), Military Bank (MBB) and VietinBank (CTG), HCM City Securities Joint Stock Company (HCM) and Saigon Securities Inc (SSI) also made gains to drive the market up.

On the Ha Noi Stock Exchange, the HNX Index closed almost flat at 87.09 points, lower than last Friday's number, as shares improved during the trading session yesterday.

Overall, the northern market had 91 gainers and 85 losers, while 182 others remained unchanged.

Market liquidity was lower than last Friday with 51.8 million shares traded, worth VND608 billion ($28 million).

Blue chips' gains, including PetroVietnam Construction Joint Stock Company (PVX) and Sai Gon-Ha Noi Bank (SHB), helped the market decline more slowly. SHB gained 1.22 per cent to VND8,300 per share, while PVX edged up 2.5 per cent to VND4,100 per share.

Other large-cap shares also performed well. Sai Gon-Ha Noi Securities Joint Stock Company (SHS), IB Securities Joint Stock Company (VIX) and Asia Commercial Bank (ACB) gained 1.18 per cent, 1.77 per cent and 0.92 per cent.

Among the most active codes on the northern bourse, only five of them traded more than three million shares, including KLF Joint Venture Global Investment (KLF), which lost 2.78 per cent to VND7,000 per share and traded 4.4 million shares.

Other active stocks also declined, including Sai Gon Commercial Real-Estate Company (SCR), FIT Investment Joint Stock Company (FIT) and VNDirect Securities Joint Stock Company (VND).

Foreign investors yesterday concluded as net buyers, totaling VND142 billion ($6.58 million) in net buy value, a decrease of 46 per cent over last Friday. — VNS

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