Friday, October 28 2016


Blue chips hold up HNX Index

Update: August, 08/2015 - 08:59

Trading activity at FPT Securities Corporation. Vietnamese shares ended with growth on both bourses. — VNS Photo Thai Ha

HA NOI (VNS)— Local shares on both bourses yesterday struggled to make gains at the end of the last trading session this week.

Both indices, the VN Index and the HNX Index, breached their testing benchmark in the early trading session, but decreasing market supply and confident performances from blue chips held the market up.

The VN Index on the HCM Stock Exchange struggled to gain 2.72 points to finish at 603.76 points with a balanced market condition.

In total, the southern market saw 92 gainers and 90 decliners, and traded 87.7 million shares worth VND1.58 trillion (US$72.7 million).

Investors were still too cautious, but blue chips did well to lift the market up – except for banks and gas firms.

Viet Nam Dairy Products Joint Stock Company (VNM) and Ma San Group Corporation (MSN) respectively gained VND3,000 and VND2,000, and helped raise the VN Index.

Insurance shares slightly improved. Bao Viet Holdings was up VND300 and BIDV Insurance Corporation (BIC) rose by VND200.

FLC Group (FLC) topped the southern market's trading session with more than 5 million of its shares traded. It gained VND100 per share.

On the Ha Noi Stock Exchange, the HNX Index increased a slight 0.1 per cent to close at 83.88 points with higher market liquidity.

At the end of yesterday's session, there were 92 advancing codes and 86 declining ones. A total of 40.6 million shares were traded, worth VND517.39 billion ($23.7 million).

Large-cap shares, including securities firms and banks, achieved important growth to drive the HNX Index upward.

Bao Viet Securities JSC (BVS) increased by VND300; Sai Gon Thuong Tin Real Estate JSC (SCR) and Sai Gon-Ha Noi Bank (SHB) gained a total of VND100.

On the contrary, gas firms performed worse than expected. PVX and PVS fell by VND100 and VND300, respectively.

FIT Investment JSC (FIT) was the most active code with nearly 4.2 million shares exchanged. It was followed by SCR with more than 2.3 million shares.

On both bourses, foreign investment decreased by 68 per cent in value. Foreign investors totaled a net buy value of VND55.5 billion ($2.54 million) with the purchase of Sai Gon Securities Incorporation (SSI) on the HCM Stock Exchange and TNG on the northern market. — VNS

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