Blue chip rise lifts shares on both exchanges
Blue chip rise lifts shares on both exchanges
Shares rose on the two national stocks exchanges this morning, but market volume and value continued to be sluggish.
On the HCM City Stock Exchange, the benchmark VN-Index gained 1.72 per cent to close the first half session this morning at 432.59 points on a turnover of nearly VND642 billion (US$30.6 million).
Blue chips climbed, helping lift other shares. Advancers outnumbered decliners by 179-36.
Up to 80 per cent of the top 30 shares by market value and liquidity rallied, seven of which hit the one-day rise of 5 per cent, including real estate companies such as Tan Tao Investment Industry (ITA), Development Investment Construction (DIG) and Becamex Infrastructure Development (DIG), Sacombank Securities (SBS) and PetroVietnam Finance (PVF).
The VN30 Index therefore also soared 1.73 per cent to stand at 508.88 points.
Sacombank (STB) was the most active share on the southern bourse this morning with 5.56 million stocks traded, rising 3.6 per cent to stand at VND23.100 ($1.10).
Minister of Finance Vuong Dinh Hue has asked the State Securities Commission to report to the ministry on violations of information disclosure regulations surrounding the takeover between Sacombank and Eximbank (EIB). Information related to major Sacombank shareholders was only released after the deal was completed, which raised doubts on the market.
On the Ha Noi Stock Exchange, gainers more than doubled losers, helping push the HNX-Index up over 1 per cent to finish this morning at 75 points.
Trade volume remained meager with only 35 million shares, worth VND372.7 billion ($17.7 million), changing hands.
Shares of Habubank (HBB) were the most active code this morning on a trade of 3.58 million, closing unchanged at VND5,100 per stock.
The afternoon session will resume at 1pm.
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