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VietNamNews

Stocks end week on a high

Update: June, 14/2014 - 09:59

HA NOI (VNS) — Stocks extended the gains yesterday on both exchanges, rounding out a successful week with a five-day rally.

On the HCM City Stock Exchange, the VN-Index added another 0.12 per cent to close yesterday's session at 574.48 points, but saw liquidity evaporate.

Market volume declined 24.6 per cent from Thursday, totaling 72.4 million, while the value of trades fell 21 per cent, reaching VND1.128 trillion (US$53.5 million).

Market sentiment was positive as advancers outnumbered decliners by 118-79 and 104 shares closed flat.

Several blue chips were again leading market momentum.

Steelmaker Hoa Phat Group (HPG), one of the top 30 shares by market value and liquidity, rose 4.2 per cent to close at VND52,000 ($2.46) on trades of 1.72 million shares exchanged.

Other gainers included Hoa Sen Group (HSG), Bao Viet Holdings (BVH) and Refrigeration Electrical Engineering Corp (REE) with increases from 1.8-3.3 per cent.

The VN30 inched up 0.26 per cent to 617.73 points.

Real estate giant FLC Group (FLC) continued to be the most active stock on the southern bourse on total trades of 5.67 million shares, but the price was down 0.93 per cent to settle at VND10,700 a share.

On the Ha Noi Stock Exchange, the HNX-Index also grew by 0.51 per cent to end the session at 76.68 points.

Blue chips were also the biggest gainers with the HNX30 up 0.37 per cent to stand at 153.50 points.

Overall market breadth was good as 117 stocks climbed, 76 tumbled and 166 were unmoved.

Trading volume deviated little from the previous session, totaling more than 47 million shares worth VND485.7 billion ($23 million).

Without support information, FLC Joint Venture Global Investment JSC (KLF) surprised the market to become the most active stock, with nearly 7 million shares traded, surging 6.4 per cent to close at VND11,700 per share.

Foreign investors showed mixed activity but were still net buyers on the Ha Noi exchange, picking up shares worth nearly VND19 billion. However, they were net sellers on the HCM City bourse, unloading shares worth VND4.11 billion ($195,000). — VNS



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