Tuesday, July 23 2019


PV Gas again lowers VN-Index

Update: July, 03/2014 - 09:02
HA NOI  (VNS) — A PV Gas (GAS) slowdown once again dragged the VN-Index down below the psychological threshold of 580 points yesterday.

The company boasts the largest number of shares in term of market capitalisation

On the HCM City Stock Exchange, GAS lost 1.8 per cent to close at VND109,000 (US$5.17), extending a negative impact on the VN-Index which inched just 0.13 per cent to end the session at 578.80 points though there were times during the day when it went over 581 points.

Blue chips were mixed. Dairy giant Vinamilk (VNM) jumped 2.46 per cent and Masan Group (MSN) climbed 1.09 per cent, but Vietcombank (VCB), Hoa Phat Group (HPG), Gemadept (GMD), Eximbank (EIB), Vietinbank (CTG) and Phu My Fertiliser (DPM) declined substantially.

However, with rising liquidity and over half of the top 30 shares by market value ascendant, the VN30 still rose 0.36 per cent to 620.20 points.

Trade value improved slightly over the previous session, totaling nearly VND1.66 trillion ($78.7 million), while the market volume reached over 109 million shares and fund certificates.

Real estate shares attracted investors the most, with four of the five most active stocks being from this sector. These were the FLC Group (FLC), Tan Tao Investment Industry (ITA), Hoang Quan Consulting Trading Service Real Estate (HQC) and Dat Xanh Real Estate Service & Construction (DXG).

FLC's stocks saw the highest trading, with 11.3 million shares jumping 4.39 per cent over Tuesday to end at VND11,900 per share.

Stocks on the Ha Noi Stock Exchange continued to grow further on strengthened investor confidence with the HNX-Index rising 1.05 per cent to close the session at 78.90 points.

The HNX30 tracking the top 30 shares by market value and liquidity on the bourse also climbed 1.58 per cent to end at 160.69 points.

Trading was busy with the market volume was up 70 per cent over the previous session, totaling 77 million shares worth VND744.3 billion ($35.3 million), 50 per cent more than Tuesday's value.

Speculative stock PetroVietnam Construction Corp (PVX) was the most active code with 4.7 million shares traded, leaping 2.33 per cent to close at VND4,400 a share. The company has posted losses for three consecutive years and is on the brink of leaving the market.

Foreign investors continued to be net buyers on both exchanges but their buy value decreased gradually. They picked up shares worth just VND11.15 billion ($528,000) on the HCM City market while buying shares worth VND36.34 billion ($1.7 million) on the Ha Noi bourse. — VNS

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