Saturday, October 22 2016


Market rally extended as blue chips continue growth

Update: July, 07/2015 - 11:10
An investor watches stock movements at the VP Bank securities trading floor. The market yesterday extended its rally on both bourses. — VNS Photo Truong Vi
HA NOI  (VNS) — The national stock market yesterday extended its rally on both bourses as blue chips maintained their growth and market liquidity remained high.

In total the market traded 245 million shares, worth nearly VND4 trillion (US$185 million) on both bourses, with blue chips leading the market.

On the HCM City Stock Exchange, the VN-Index added 1.43 per cent to finish at 625.22 points with 142 gainers and 80 decliners.

The VN30 Index, which tracks top 30 shares in terms of capitalisation and liquidity, was up 1.51 per cent to 649.54 points with 22 advancing codes and two decliners.

Insurance and gas shares took the lead on the market. Bao Viet Holdings (BVH) and Petrovietnam Drilling & Well Service Corporation (PVD) hit their ceiling prices with a growth of 6.81 and 6.42 per cent, respectively.

Other similar codes also made high gains, including Petrovietnam Transportation Corporation (PVT), Petrovietnam Gas Corporation (GAS), BIDV Insurance Corporation (BIC) and Bao Minh Insurance Corporation (BMI).

Other blue chips also contributed to the growth of the market with high increases, including HCM City Infrastructure Investment Joint Stock Company (CII), Ma San Group (MSN) and Vietnam Dairy Products Joint Stock Corporation (VNM).

Bank shares and securities shares slightly increased. Among bank shares, Vietcombank (VCB) and Military Bank (MBB) remained flat, while Saigon Securities Incorporation (SSI) was the only gainer among securities shares.

Japan Vietnam Medical Instrument Joint Stock Company (JVC) was the most active code on the southern bourse, trading more than 9.3 million shares at the ceiling price of VND9,200 per share.

On the Ha Noi Stock Exchange, the HNX Index was up 2.01 per cent to close at 89.47 points with 114 advancing shares and 86 falling ones.

The market conditions were similar to the southern bourse, with gas shares taking the lead to drive the market up. Petro Vietnam Construction Joint Stock Corporation (PVX) and Petroleum Technical Services Corporation (PVS) were among the three most active stocks with a growth of 7.5 and 6 per cent.

Drilling Mud Corporation (PVC) and Petrovietnam Southern Gas JSC (PGS) also advanced.

The northern bourse was also driven up by two banks – Sai Gon-Ha Noi Bank (SHB) and Asia Commercial Bank (ACB) – which gained 1.16 and 4.93 per cent.

Overall, foreign investors remained net buyers on both bourses with total buy value of VND74.3 billion ($3.44 million). However, their net buy values fell by 76.7 per cent to VND38.6 billion ($1.78 million) and by 11 per cent to VND35.6 billion ($1.65 million). — VNS

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