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VietNamNews

Blue chip shares help drive national bourses

Update: November, 06/2013 - 08:57
Two investors watch share movements at an FPT Securities branch in Ha Noi. — VNS Photo Thai Ha

HA NOI (VNS)— Shares finished higher on both national stock exchanges yesterday.

On the HCM City Stock Exchange, the VN-Index advanced 0.55 per cent to reach 499.79 points.

The total trading value reached VND865.334 billion (US$41.2 million) on the exchange of 75.85 million shares.

The VN30-Index, tracking the southern city's top shares of capitalisation and liquidity, gained 0.5 per cent to reach 557.72 points with gainers outnumbering losers by 21-5.

Decliners included big names such as Vietinbank (CTG), MB Bank (MBB) and technology company FPT (FPT) which lost VND100 per share. Food company Ma San Group (MSN) and real estate giant Vingroup (VIC) lost VND1,500 and VND500 per share, respectively.

PetroVietnam Drilling (PVD) rose by VND2,000 ($0.098) to VND66,500 ($3.16) per share, Vinamilk earned VND1,000 to VND141,000 ($6.7) per share and logistic company Gemadebt Corporation (GMD) was 5 per cent higher to close at VND30,700 ($1.45) per share.

In the southern bourse overall, advancers overwhelmed decliners by 157-60.

Tan Tao Investment and Industry Corporation (ITA) continued to lead the southern bourse in terms of liquidity yesterday with 6.4 million shares changing hands.

Many analysts said that the VN-Index did not witness strong surges recently due to the lack of boost from the bluechips; however, penny and midcap groups which had market prices below VND7,000 ($0.34) per share became more appealing to investors.

On the Ha Noi Stock Exchange, the HNX-Index was 0.78 per cent higher at 62.91 points.

More than 53.45 million shares changed hands with a total value of VND349.52 billion ($16.64 million).

The HNX30-Index, composed of the capital city's top shares, finished at 118.09 points, 0.8 per cent higher than Monday. Of these, 21 codes added value while four lost.

Foreign investors concluded the day as net buyer with a value of VND25 billion ($1.19 million). — VNS


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