Friday, January 24 2020


Market grows on high liquidity

Update: June, 12/2015 - 08:36

Investors monitor the stock market board at the Military Bank Securities Company in Ha Noi. — VNS Photo Truong Vi

HA NOI (VNS) — The VN Index yesterday surpassed the benchmark of 580 points as market liquidity remained high and blue chips drove the market upward.

Gas and real-estate shares helped the market improve, while bank shares continued to decline with half of them falling from Wednesday values.

On the HCM City Stock Exchange, the VN-Index gained 1.21 per cent to finish at 581.05 points with 161 advancers and 62 decliners.

Market liquidity rose from Wednesday figures with nearly 166.7 million shares being traded, worth VND2.7 trillion (US$124.8 million).

Blue chips attracted strong investments. Ocean Group JSC (OGC) and Becamex Infrastructure Development JSC (IJC) hit their ceiling prices at VND2,700 and VND12,000 per share.

Real-estate shares attracted large investments from the market. FLC Group (FLC) and HCM City Infrastructure Investment JSC (CII) traded 45 million shares in total, equal to 27 per cent of the market trading volume. Both shares rose in market value.

Gas stocks continued to improve. Petrovietnam Gas Corporation (GAS) and Petrovietnam Drilling & Well Service Corporation (PVD) gained 3.94 and 2.8 per cent.

Other most powerful shares also had high growths, including Bao Viet Holdings (BVH), Hoa Sen Group (HSG) and Viet Nam Dairy Products JSC (VNM) with 3.13, 6.61 and 0.93 per cent.

On the Ha Noi Stock Exchange, high market liquidity helped HNX Index grow 0.25 per cent to end at 87.72 points, but this growth was less than expected by the investors.

The fall of Asia Commercial Bank (ACB), Petrovietnam Northern Gas JSC (PVG), Drilling Mud Corporation (PVC) and Kim Long Securities JSC (KLS) limited market growth.

In total, the northern bourse traded nearly 73 million shares, worth VND994 billion ($46 million).

FIT Investment JSC (FIT) was the most active share on the market with more than 10 million of its shares being traded. The share also made a high gain of 5.59 per cent to close at VND17,000.

There were also five other codes, each traded more than three million shares, including Petroleum Technical Services Corporation (PVS) and Petrovietnam Construction JSC (PVX).

Foreign investors yesterday reduced total net sell value on the southern market by 97 per cent to VND33.7 billion (US$1.56 million) and increased the net buy value on the northern bourse by 47 per cent to VND11.3 billion ($524,000). — VNS

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