Tuesday, December 6 2016

VietNamNews

Insurance shares drive-up VN-Index

Update: July, 08/2015 - 09:38

Ha Noi Stock Exchange staff check results of a share auction. — VNS Photo Thai Ha

HA NOI (VNS) — Insurance shares took the lead on the market yesterday to drive the VN Index on the HCM Stock Exchange to reach the benchmark of 630 points.

The VN-Index was up 0.81 per cent to close yesterday's session at 630.27 points on a balanced performance with 113 gainers and 113 decliners.

All insurance shares rose, with three hitting the ceiling prices, including BIDV Insurance Corporation (BIC), Bao Minh Insurance Corporation (BMI) and Bao Viet Holdings (BVH).

The Bank for Investment and Development of Vietnam (BIDV) and Vietinbank (CTG) received strong foreign purchases from the market and made gains of 5.53 and 2.46 per cent, respectively.

Other blue chips, including Ma San Group (MSN), Vietnam Dairy Products Joint Stock Corporation (VNM), Hoa Sen Group (HSG) and Southern Rubber Industry Joint Stock Company (CSM) also recorded significant gains in their market values.

However, the market growth was somehow held back by some large-cap shares. The Petrovietnam Drilling and Well Service Corporation (PVD) dropped by 1.58 per cent while Vietcombank lost 0.92 per cent on the market.

Securities shares – one of the four main shares on the market – extended their losses from the previous session. Two large-cap securities shares, HCM City Securities Corporation (HCM) and Saigon Securities Incorporation (SSI), decreased.

FLC Group (FLC) was the most active code on the market with more than 11 million shares traded. Japan Vietnam Medical Instrument Joint Stock Company (JVC) continued to record a large trading volume with 10 million shares traded.

On the Ha Noi Stock Exchange, the HNX Index lost 0.03 per cent to end at 89.44 points as most gas and securities shares fell from the previous session.

There was no remarkable trading on the northern bourse yesterday, except that Ha Noi Investment General Corporation (SHN) rose by 9.76 per cent in market value to VND13,500 per share and traded only 1 million shares.

FIT Investment JSC (FIT) was the most active code on the northern bourse, trading 6.7 million shares and gaining 2.36 per cent to reach VND13,000 per share.

Overall, foreign investors slightly extended their total buy value on the national stock market to VND75 billion (US$3.47 million). The market traded nearly 233.6 million shares worth VND3.87 trillion ($179 million). — VNS



Send Us Your Comments:

See also: