Shares gain on strong liquidity

Update: February, 20/2014 - 09:17
Buyers watch securities market movements at BSC Securities in Ha Noi. Shares advanced on both the national stock exchanges yesterday. — VNS Photo Truong Vi
HA NOI (VNS)  — Shares advanced on both the national stock exchanges yesterday and liquidity was high.

On the HCM City Exchange, the VN-Index gained 0.62 per cent to reach 578.12 points.

The inflow of capital into the stock market was strong, with a total trading value of VND2.5 trillion (US$119 million), boosting liquidity. Almost 160 million shares were traded.

The benchmark index declined marginally in the morning trading session. However, the strong inflow of capital helped the market rebound, despite forecasts that the index may face volatility when approaching 580 points.

The index's performance was the same as Tuesday's, with a loss in the early morning trading session but registering a gain in the afternoon trading.

On the southern bourse, 168 codes added value, while losers stood at 84, however, doubled.

Performances of blue chips were mixed. The VN30-Index, tracking the southern city's 30 largest shares by capitalisation and liquidity, edged up 0.75 per cent to end at 650.43 points, with gainers overwhelming losers by 16-10.

The Technology FPT Group (FPT), logistics company Gemardept (GMD), Masan Group (MSN) and Hoa Sen Group (HSG) each posted strong gains, which ranged from VND1,000 ($0.047) to VND2,000 ($0.095) per share.

Meanwhile, Vinamilk (VNM), Kinh Do (KDC), REE Corporation (REE) and PetroVietnam Low Pressure Gas Distribution (PGD) lost value yesterday.

With 7.78 million shares traded, Tan Tao Group (ITA) led the bourse in liquidity.

The northern bourse also experienced strong inflow of capital yesterday, and the trading value climbed to more than VND1 trillion ($48 million). More than 107 million shares were traded.

The HNX-Index jumped 1.59 per cent to close at 82.33 points yesterday, while the HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, added 1.99 per cent to end at 81.51 points.

Blue chips attracted capital yesterday, helping to boost the HNX30-Index, which tracks the capital city's top shares. That index reached 166.93 points yesterday, 3.09 per cent higher than the previous day. — VNS