Thursday, January 23 2020


Mid-cap shares buoy VN Index as blue chips slump

Update: July, 31/2015 - 07:55

HA NOI (VNS) — Many mid-cap shares hit the ceiling yesterday afternoon, rescuing the VN-Index from another fall, but liquidity continued to slide as buying power in blue chips weakened.

The VN-Index on the HCM Stock Exchange gained just 0.3 per cent to finish the session at 626.57 points.

The advancers outnumbered the decliners by 111-92 while other 103 closed unchanged.

Money focused on speculative stocks that pushed up both prices and trading volumes of those shares.

Real estate Sao Mai Group (ASM), Quang Nam Rubber Investment (VHG), PetroVietnam Power Nhon Trach 2 (NT2), sugar producer Thanh Thanh Cong Tay Ninh (SBT) and Viet Nhat Medical Instrument (JVC) were among the top most active stocks with 1.5-4.7 million shares traded on each code. Their prices also soared between 3.4-6.8 per cent by the end of the session.

Blue chips were mixed, however. While large-cap stocks such as Vinamilk (VNM), FPT Corp (FPT) and Kinh Do Corp (KDC) and Hoa Sen Group (HSG) extended their losses, some big banks began to recover, including Sacombank (STB), Vietinbank (CTG) and BIDV (BID).

The VN30, which tracks the top 30 shares by market value and liquidity, inched up just 0.08 per cent to stand at 651.70 points.

Liquidity continued to slide yesterday as both market volume and value decreased about 10 per cent from the previous session, totalling nearly 103 million shares worth VND1.86 trillion (US$85.3 million).

On the Ha Noi Stock Exchange, the HNX-Index increased 0.82 per cent to close at 85.80 points. The market breadth improved with 107 shares rising, 65 declining and 191 ending flat.

Trading also got worse here with the trading volume and value being down around 20 per cent to reach nearly 36 million shares worth VND414.3 billion ($19 million).

Speculative stock FIT Investment Co (FIT) remained the most active on the trade of 5.3 million shares, climbing 4.24 per cent to settle at VND12,300 each.

Foreign trades also improved yesterday as they returned as net buyers in the two markets, picking up combined shares worth nearly VND34 billion ($1.6 million). — VNS

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