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Rebounding blue chips boost Index

Update: March, 14/2012 - 09:21

HA NOI — Stocks rebounded across the two national electronic boards yesterday with more than 50 per cent of codes rising steadily.

On the HCM City Stock Exchange, the VN-Index regained 0.32 per cent from Monday's loss, ending yesterday's session at 429.39 points.

Total market value decreased slightly over the previous session, reaching VND917.5 billion (US$43.73 million), as nearly 63 million shares changed hands.

Many blue chips gained value, pushing the VN30 Index, which tracks the performance of the 30 shares with the highest market value and liquidity, up 0.56 per cent, standing at 485.36 points.

Insurer Bao Viet Holdings (BVH), Sacombank (STB) and Sacombank Securities (SBS) hit ceiling prices capped at 5 per cent a day on the HCM City bourse. However, property developer Vincom (VIC) bottomed out.

With over 5 million shares changing hands, accounting for 8.63 per cent of total market volume, Military Bank (MBB) was the most active code on the southern bourse, adding 4.17 per cent to close yesterday at VND15,000 ($0.71).

On the Ha Noi Stock Exchange, the HNX-Index jumped 1.85 per cent to conclude at 70.54 points. Market volume soared 36 per cent over Monday, totalling 80 million shares, while value of trades increased 20 per cent to over VND663.7 billion ($31.6 million).

Habubank (HBB) led market trades with more than 25 million shares exchanged, declining nearly 3 per cent to VND6,500. Yesterday morning, a rumour circulated around the market that Sai Gon-Ha Noi Bank (SHB) was seeking to acquire HBB and that the deal received the central bank's approval. However, in a press release late yesterday, Habubank denied the rumour, arguing the information was inaccurate and groundless. — VNS

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