Monday, July 23 2018

VietNamNews

National stocks close out in the green

Update: November, 12/2014 - 08:32

On the HCM City Stock Exchange, the VN-Index finished at 604.23 points, up 0.35 per cent. — VNS Photo Nguyen Manh Ha

HA NOI (VNS) — Shares reversed Monday's losses to add value on both exchanges yesterday.

On the HCM City Stock Exchange, the VN-Index finished at 604.23 points, up 0.35 per cent.

However, the VN30 Index, tracking the 30 leading stocks in capitalisation and liquidity, fell 0.08 per cent to 642.02 points after advancing 0.02 per cent on Monday.

Among the 30 shares, losers outnumbered gainers by 15 to 10. Trading value declined 14 per cent to VND2.5 trillion (US$117.9 million) on a volume of 136.6 million shares, which fell just 1.6 per cent.

On the Ha Noi Stock Exchange, the HNX-Index rose 0.39 per cent to 89.86 points. Transaction value climbed 17 per cent compared to the previous session to over VND1.15 trillion ($54.2 million).

The HNX30 Index, composed of Ha Noi's top shares, gained 0.67 per cent to close at 181.83 points.

The stocks with highest trading volume were real estate firms FLC Group (FLC), Tan Tao (ITA) and Kinh Bac Urban City (KBC) and retailer KLF Investment (KLF). For the latter, shares traded were worth 24.9 per cent of the company's charter capital.

"Investors tended towards mid-cap stocks," said Saigon Securities Inc's Nguyen Duc Hung Linh, adding that KLF, FLC and financial services provider FIT Investment (FIT) had recently been favoured.

"The rally in the short term has not been affirmed yet, and profit-taking will increase as the indexes approach their resistances," he said.

Foreign investors bought VND2.4 billion ($113,200 million) worth of shares in Ha Noi but sold nearly VND4.7 billion ($221,600). — VNS

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