Sunday, September 15 2019


HCM City shares lose prior gains

Update: October, 08/2014 - 08:44

Investors at An Binh Securities in Ha Noi. Securities analysts are positive that the market will burst by the year's end. — VNS Photo Truong Vi

HA NOI (VNS) — Shares reversed gains on the HCM City Stock Exchange yesterday, with the benchmark VN-Index losing 0.06 per cent to close at 614.08 points.

The VN30 Index, which tracks the bourse's 30 leading stocks, also slid by 0.49 per cent to 659.16 points as losers outnumbered gainers by 18 to 6. Overall trading value reached VND3.1 trillion (US$146.2 million) and overall trading volume reached 194.7 million shares.

PetroVietnam Gas (GAS), which ended the day up by 0.9 per cent, was the main factor affecting the movement of the benchmark VN-Index. However, unlike in previous sessions, it failed to lift the index in the end.

The exchange yesterday announced that the initial public offering of Vietnam Airlines, the national carrier, would take place on November 14 at a starting price of VND22,300 per share.

As of September 30, Vietnam Airlines' market capitalisation was estimated at $1.48 billion, or three per cent of the southern market's capitalisation.

Total market capitalisation has increased by 27 per cent compared with that at the beginning of this year. Trading value also climbed by 16 per cent from the first quarter.

On the Ha Noi Stock Exchange, the HNX-Index added 0.35 per cent, reaching 91.25 points. The trading value reached around VND1 trillion ($47.1 million), with more than 77.8 million shares changing hands.

However, the HNX30 Index, comprising the top 30 blue chips, fell by 0.08 per cent to finish at 186.76 points.

Securities analysts are still positive that the market will burst by year-end. Vietcombank Securities Company analyst Quach Thuy Linh predicted the domestic market to grow by 30 per cent this year.

"Oil and gas, securities, construction and logistics will be at the heart of the market in the fourth quarter," she said.

HCM City stock market reports good Q3 numbers

The HCM City Stock Exchange has seen positive developments in the third quarter, statistics it provided to the media yesterday show.

Total market capitalisation topped VND1,071 trillion (US$51 billion) at September-end compared to VND1,019 trillion ($47.8 billion) at the end of June.

During the quarter, more than 8.31 trillion securities changed hands for VND152.83 trillion, both sharply up from the previous quarter.

The average daily trading was up to 130 million securities and VND2.39 trillion, again sharply higher.

Foreigners bought for VND20.52 trillion and sold for VND21.79 trillion, up from VND16.33 trillion and VND11.19 trillion.

Six companies listed more than 3 billion shares in the first three quarters on HOSE, up 1.2 per cent year-on-year.

In the latest development, the first ETF listed 20.2 million certificates on Monday.

The VN Index closed at 598.8 on September 30, up from 578.8 on June 30.

The index is expected to further rise in the fourth quarter. It closed at 614.4 yesterday. — VNS

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