Wednesday, January 22 2020


VN-Index heads for five-year peak

Update: August, 22/2014 - 09:52

A stock trading session at Hoang Gia Securities Co in Ha Noi. — VNS Photo Truong Vi

HA NOI (VNS) — Money continued to pour into the HCM Stock Exchange yesterday afternoon, lifting the benchmark VN-Index by 1.03 per cent to close the session at 612.94 points.

Local investors increased buying as they are confident the Index will surpass the five-year peak of 615 points recorded on October 23, 2009.

Liquidity soared with the market value rising 78 per cent against Wednesday's level, reaching VND3.314 trillion (US$157 million). Trading volume was up 40 per cent to more than 151 million shares and fund certificates.

The market condition was positive as the advancers outnumbered the decliners by 114-93. The remaining 96 codes closed unchanged.

Growth of PV Gas (GAS), the biggest share by market value, continued to prop up the market. GAS added 1.72 per cent to close at VND118,000 ($5.59) per share.

Many stocks of the 30 shares with the highest market value and liquidity also gained, including Masan Group (MSN), Vinamilk (VNM), Vietcombank (VCB), Hoa Phat Group (HPG) and Hoa Sen Group.

The VN30 also climbed 0.7 per cent to close at 649.94 points.

FLC Group (FLC) was again the most active stock here with a whopping 23.3 million shares, but the price fell 4.55 per cent to finish at VND12,600 a share.

By contrast, the HNX-Index on the Ha Noi Stock Exchange lost ground in last trading minutes after surging to the highest level in four months. It inched down 0.06 per cent to end the day at 83.01 points.

The HNX30, which tracks the top 30 shares by market value and liquidity on the Ha Noi exchange, also dipped 0.03 per cent to stand at 168.19 points.

Trading improved as both market volume and value increased 50 per cent over Wednesday's level, totalling nearly 68 million shares worth VND888 billion ($42 million).

Hot stocks like PetroVietnam Construction Corporation (PVX) and Sai Gon Thuong Tin Real Estate Company (SCR) continued to lead the market in term of volume.

Nearly 10 million PVX shares were traded at VND4,800 a share, up 2.13 per cent over Wednesday, while SCR saw 5.6 million shares changed hands at VND9,800 per share, down over 1 per cent.

Foreign investors unexpectedly concluded yesterday as net buyers on the HCM City's market, finishing their 12-day selling streak. They bought a net buy value of VND77.12 billion ($3.6 million) worth of shares. They were also responsible for a net buy of VND1.18 billion ($55,900) worth of shares on the Ha Noi bourse. — VNS

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