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VietNamNews

Share prices, liquidity increase

Update: August, 29/2014 - 09:16
Investors watch market fluctuations at MB stock trading floor in Ha Noi. — VNS Photo Truong Vi

HA NOI (VNS) — Liquidity continued to increase in Viet Nam's stock markets yesterday, with the combined trading value on two exchanges hitting more than VND4 trillion (US$188.6 million).

Transactions done through negotiations reached VND390 billion ($18.3 million), mostly from the purchase of realty share Sacom (SAM).

Shares reversed their losses on the HCM City Stock Exchange, with the VN-Index adding 0.52 per cent to close at 632.03 points. At times, the index was seen hitting a six-year high at 635.40 points.

The trading value stood at VND2.87 trillion ($135.3 million) as the transaction volume reached nearly 164.4 million shares. The VN30 Index rose 0.16 per cent to end at 668.96 points.

A good number of blue chips advanced strongly, with Da Nang Rubber (DRC) joining FPT software company, Gemadept logistics company (GMD), Hoang Anh Gia Lai real estate group (HAG) and HCM City Securities (HCM).

Meanwhile, the share prices of some large companies declined, including property developer Vingroup (VIC) and Vinamilk (VNM).

On the Ha Noi Stock Exchange, the HNX-Index added one per cent to reach 86.79 points. Trading value jumped to VND1.2 trillion ($56.6 million) on a volume of 93.2 million shares.

Large-cap stocks lifted the HNX30 Index up 1.73 per cent, closing yesterday's session at 178.94 points.

Though the indices exhibited an uptrend, analysts at FPT Securities Company warned that buying at this time might be risky.

"I am positive the market will retain the momentum in the medium and long term," said Bao Viet Securities Company's Tran Duc Anh. He suggested keeping medium-term portfolios unchanged, but added that investors could sell and re-buy when there was a correction.

Foreign investors reduced their net selling value to VND48 billion ($2.2 million), a 68 per cent decline compared with that of Wednesday. - VNS

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