Tuesday, December 1 2020


Bourse surges on large-cap stocks

Update: April, 10/2015 - 08:09

On the HCM City Stock Exchange, the VN30 Index, tracking the 30 largest stocks based on market value and liquidity, gained 0.42 per cent to end at 578.35 points. — VNS Photo

HA NOI (VNS) — Large-cap stocks helped boost the national stock market yesterday through their outstanding performance on both bourses.

On the HCM City Stock Exchange, the VN30 Index, tracking the 30 largest stocks based on market value and liquidity, gained 0.42 per cent to end at 578.35 points. In this basket, the number of gaining stocks grew nearly four-fold in comparison with the losing stocks at 18 to five, while seven other stocks remained flat.

Among the advancing stocks, Ma San Group (MSN) traded 7.1 million of its shares at VND73,500 per share, totalling VND522 billion ($24.8 million), or equal to 25.5 per cent of the market's trading value.

HCM City Infrastructure Investment JSC (CII) continued to ramp up its market value by 1.5 per cent to stand at VND20,300. It ranked third among the top active codes, with nearly 3.9 million of its shares being traded.

Duc Long Gia Lai Group JSC (DLG) was the most active code on the southern market, trading more than 5.4 million shares at VND9,600, showing an increase of 2.13 per cent. Five of the bank stocks on the market rose, including Military Bank (MBB), Vietinbank (CTG and Vietcombank (VCB). CTG rose 2.89 per cent, which was the best among the bank stocks, to close at VND17,800. Only Eximbank (EIB) lost 0.8 per cent to close at VND12,600 per share and Agribank (AGR) remained unchanged. The VN-Index was up 0.51 per cent and closed at 550.52 points. On the market, advancing codes outnumbered the declining ones by 158 to 67, and 75 others stayed flat. The market's trading volume jumped 17.8 per cent to more than 94.4 million shares worth VND1.96 trillion (US$93.3 million), an increase of 46.2 per cent.

On the Ha Noi Stock Exchange, the HNX30 Index rose slightly by 0.65 per cent to finish at 155.11 points.

The number of advancing stocks was five times more than the number of declining ones at 21 to four, and five others remained flat.

An increase in global oil prices on Wednesday night had no effect on the domestic oil stocks, including Petroleum Technical Services Corporation (PVS), PetroVietnam Northern Gas JSC (PVG), PetroVietnam Coating JSC (PVB) and PetroVietnam Southern Gas JSC (PGS). They gained 0.43 per cent, 2.38 per cent, 0.89 per cent and 3.59 per cent, respectively.

FIT Investment JSC (FIT) remained the most active code on the northern market, with more than 5.8 million shares being traded. Its price per share declined by 1.8 per cent to stand at VND16,200.

The HNX-Index grew 0.5 per cent to finish at 82.37 points. The number of gainers doubled the number of decliners by 133 to 67 and 165 others remained unchanged. The market's trading volume dropped 8.2 per cent to a total of 39.5 million shares. However, its trading value rose 7.9 per cent to VND493 billion ($23.4 million).

Foreign investors yesterday recorded a net selling value of 41.9 billion on the HCM market, two-thirds of Wednesday's number, and a net buying value of VND14.6 billion ($697,000) after becoming net sellers for two consecutive sessions in the Ha Noi market. — VNS

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