Wednesday, February 19 2020


Indices up on penny stocks, midcaps

Update: August, 21/2014 - 09:46
On the HCM Stock Exchange, the advancers outnumbered the decliners by 118-81 while other 104 codes closed unchanged.— File Photo

HA NOI (VNS)  — Cash inflows focused on mid-cap and penny stocks yesterday afternoon, helping lift the VN-Index by 0.34 per cent to close at 606.70 points by the end of the session.

On the HCM Stock Exchange, the advancers outnumbered the decliners by 118-81 while other 104 codes closed unchanged.

Blue chips lost momentum, tempering the market's rise.

Only 11 of the 30 shares with the highest market value and liquidity gained while nine lost, keeping the VN30 a little lower than the previous session at 646.44 points.

Domestic investors increased buying in mid-cap and penny stocks like Viet Nam Electricity Construction Joint Stock Corporation (VNE) and Petroleum Equipment Assembly & Metal Structure (PXS) pushing prices up to the ceiling.

Others such as Sacom Development & Investment Corporation (SAM), Petrovietnam Transportation Corporation (PVT), Vietnam - Italy Company (VIS) and Son Ha International Corporation (SHI) also climbed between 2.8-5.8 per cent.

Liquidity continued to decline, however, with the market volume falling 20 per cent from Tuesday, totaling nearly 108 million shares and fund certificates, while value of trades also decreased 30 per cent to reach VND1.863 trillion (US$88.3 million).

FLC Group (FLC) was again the most active stock with 10.7 million shares, finishing unchanged at VND13,200 per share.

On the H Stock Exchange, the HNX-Index rose 0.48 per cent to end the session at 83.06 points while the gainers outnumbered the losers by 100-88.

Trading also declined here as both market volume and value reduced around 20 per cent from a day earlier, totaling 45 million shares worth VND590.5 billion ($28 million).

PetroVietnam Construction Corporation (PVX) continued to lead the northern market in volume with 5.7 million shares traded but the share price slipped 2.1 per cent to close at VND4,700 a share.

The selling streak by foreign investors showed no signs of slowing down when they again concluded yesterday as net sellers on the two exchanges, unloading shares worth a combined VND71 billion ($3.4 million). — VNS

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