Tuesday, January 28 2020


Bourses rise as money keeps flowing

Update: May, 27/2015 - 09:18

An investor watches trades at a Royal Sec-urities trading floor in Ha Noi. Indices ticked up yesterday on both exchanges. — VNS Photo Truong Vi

HA NOI (VNS) — Both bourses extended their upward tick yesterday due to the continuance of strong money flows into the markets. This marks the sixth consecutive session to show improvement, a positive trend after a period of weak performance.

The VN-Index extended its recovery, gaining 0.75 per cent to close at 567.20 points.

The number of advancing stocks and the number of decliners were almost on par with each other, making it a mixed market performance.

Market liquidity rose against Monday. Trading volume was 143 million shares worth VND2.1 trillion (US$98.3 million), an increase of 36.3 per cent.

All bank shares advanced, driving the market up. The Bank for Investment and Development (BID) was the biggest gainer amongst bank stocks with a growth of 3.22 per cent. The Military Bank brought up the tail with a small growth of 0.75 per cent.

Gas stocks were mixed. PetroVietnam Gas JSC (GAS) ended at VND53,500 – a decrease of 0.78 per cent. Petrovietnam Drilling & Well Service Corporation (PVD) ended flat. PetroVietnam Transportation Corporation (PVT) gained 1.75 per cent to finish at VND11,600.

FLC Group (FLC) remained the most active code with more than 20 million of its shares traded. Its market value extended its losses with a decrease of 1.96 per cent to VND10,000.

Following FLC in activity was Duc Long Gia Lai (JSC), which got a boost from a 2.44 per cent market value increase, bringing trades to more than 7.8 million shares.

Ocean Group JSC (OGC) hit its ceiling price of VND2,500 and had nearly 4.8 million shares traded.

The VN30 Index, covering the 30 largest stocks by market value and liquidity, added 2.77 points to end at 588.36 points.

The northern bourse also continued its improvement. The HNX-Index gained 1.81 per cent to finish at 81.7 points. The market had a slightly positive performance with 117 advancers and 94 decliners.

On the market, more than 68 million shares were traded with a total value of VND693 billion ($32 million), a 33 per cent increase over Monday. The HNX30 Index edged up 2.2 per cent to 154.46 points.

Bank shares also had a positive effect on the northern market. Asian Commercial Bank (ACB) and Sai Gon-Ha Noi Bank (SHB) respectively gained 5.42 and 2.63 per cent, aiding the market's advance.

Bac A Mineral and Metallurgy JSC (BAM) rose by 8.82 per cent to hit its ceiling price after more than 2.2 million shares were traded.

WMT SANA JSC (ASA) was another stock to hit its ceiling price. Its market value rose by 8.33 per cent to VND3,900 but only 310,000 shares were traded.

KLF Joint Venture Global Investment Co (KLF) remained the most active stock with 7.9 million shares traded. Its market value stayed unchanged from its morning price of VND7,400.

Foreign investors continued as net buyers. Their total net buy value tripled to VND195 billion ($9 million) over Monday's number. — VNS

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