Monday, December 5 2016

VietNamNews

Mixed Xmas bag for VN shares

Update: December, 26/2015 - 11:08
Investors follow transactions at Alpha Securities Company in Ha Noi. — VNS Photo Truong Vi
HA NOI  (VNS) — Vietnamese shares were mixed yesterday on the two local exchanges. Gainers were led by the food and beverage sector.

The benchmark VN Index on the HCM Stock Exchange rose slightly by 0.3 per cent to close at 567.67 points after a drop of 2.2 per cent during the previous four days.

The HNX Index on the Ha Noi Stock Exchange inched down 0.3 per cent to end at 78.09 points, pulling back from a small gain on Thursday.

The food and beverage index was up 0.9 per cent, led by Masan Group (MSN) as the stock surged 6.4 per cent after Masan sold a part of its stakes in two subsidiaries - a quarter of Masan Consumer Holdings and one-third of Masan Brewery - to Thailand-based Singha Beer International for US$1.1 billion.

Buying by foreign investors boosted some big stocks such as property developer Vingroup JSC, Vietcombank, Sacombank and insurer Bao Viet Holdings.

Vingroup JSC (VIC) was up 1 per cent, Vietcombank (VCB) gained 0.7 per cent, Sacombank (STB) rose 0.9 per cent and Bao Viet Holdings (BVH) increased by 1.9 per cent.

On the negative side, the energy sector index dropped 0.9 per cent as investors took profits after these stocks had made recent gains on higher global oil prices.

The US benchmark crude West Texas Intermediate (WTI) on Thursday gained 1.6 per cent to trade at $38.10 a barrel. WTI crude had jumped 9.7 per cent in the past four days.

Energy stocks that dropped were PetroVietnam Drilling and Services Corporation (PVD), PetroVietnam Mud Drilling Corporation (PVC) and PetroVietnam Coating Corporation (PVB).

PVD fell 2.1 per cent after it had gained 6.9 per cent during the previous four days, PVC was down 0.6 per cent after the stock had risen 4.4 per cent and PVB dropped 3.4 per cent after having increased by 10 per cent in the previous three days.

Other big stocks such as Vinamilk and the Bank for Investment and Development of Vietnam (BIDV) also contributed to the negative trend of the market. Vinamilk (VNM) was lost 0.8 per cent and BIDV (BID) declined by 0.5 per cent.

The two local exchanges traded more than 159 million shares worth VND2.1 trillion ($93.7 million), an increase of 25 per cent from Thursday's trading value. — VNS

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