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Domestic shares continue on upward trend

Update: February, 14/2014 - 08:37
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HA NOI (VNS)— With continuing strong gains from Wednesday, shares advanced on both bourses yesterday, showing significant capital inflow, much to the dismay of investors who sold stocks on Tuesday.

The trading volume and value remained at a high level as on previous trading days.

On the HCM City Stock Exchange, a total of more than 147 million shares changed hands, with trading value topping off at VND2.286 trillion (US$106 million).

The VN-Index advanced 1.05 per cent, regaining the 570-point level, to end at 570.18 points yesterday.

Although the selling pressure was strong as profits reached investors' expectations, the stable purchasing power and confidence of cash holders supported the benchmark index, according to FPT Securities.

Blue chips were mixed, with 17 codes climbing and nine codes declining.

PetroVietnam (PVT) increased VND800 ($0.038) per share to reach its ceiling price of VND13,200 ($0.62) and ranked second in the southern bourse by trading volume, with 7.94 million shares changing hands, coming in after Tan Tao Group (ITA).

PetroVietnam Gas (GAS) strongly increased yesterday, with a gain of VND3,500 ($0.16) per share, after the company reported higher-than-expected net profits.

Other advancers included HCM City Infrastructure Investment Company (CII), Masan Group (MSN), Military Bank (MBB), and PetroVietnam Drilling (PVD). Vingroup (VIC) and Da Nang Rubber Corporation (DRC) also climbed.

Despite losses from Vinamilk (VNM), PetroVietnam Low-Pressure Gas Distribution (PGD), Hoa Sen Group (HSG), and Bao Viet Group (BVH), as well as PetroVietnam Fertilisers and Chemicals Corporation (DPM), the VN30-Index, tracking the 30 largest stocks by capitalisation and liquidity, jumped 0.62 per cent to end at 641.73 points.

Blue chips posted huge gains on the Ha Noi Stock Exchange, which also witnessed high liquidity.

With more than 85 million shares traded, the total trading value reached VND813 billion ($38.7 million).

The HNX-Index rose by 1.24 per cent to reach 77.7 points, while the HNXFF-Index added 0.89 points to end at 76.72 points.

The HNX30-Index, including the capital city's top shares, advanced 1.97 per cent to 153.24 points. — VNS

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