Blue chips help boost VN-Index
Blue chips help boost VN-Index
Shares on the HCM City Stock Exchange raised in value by the end of October 26 afternoon's session, with the benchmark VN-Index gaining 0.46 per cent to 391.70 points. Gainers beat decliners by 104-80.
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| Source: VietstockFinance |
Trading value was modest, however, reaching only 45.8 per cent of Thursday's level at VND292.55 billion ($13.9 million). Trading volume fetched 22.9 million shares.
Eight of the 30 leading shares tracked by the VN30 retreated. Most blue chips closed in the green, especially property developer Dic Corp (DIG), which hit its ceiling price of VND4,200.
The VN30 edged up 0.48 per cent to 462.16 points.
Meanwhile, on the Ha Noi Stock Exchange share prices tumbled with the HNX-Index shedding 0.17 per cent and left standing at 53.79 points.
Market value and volume fetched VND229 billion and 37.2 million shares, respectively, rising 50.6 per cent over the previous session.
The HNX30, composed of 30 top shares on the northern bourse, dropped 0.41 per cent to 99.34 points.
Property developer Sacomreal (SCR) had the most active stock, posting a combined trading volume of 17 million shares – accounting for nearly half of the northern bourse's trades. It concluded yesterday down 1.8 per cent.
Meanwhile, in the first day of Sai Gon-Ha Noi Bank (SHB) listing an additional 405 million shares, roughly 5 million shares changed hands. SHB finished at VND5,700 per share, a 3.4 per cent decrease.
Meanwhile, there were rumours that DaiA Bank would be merged into another bank. They said in an announcement yesterday that its board of directors "are still considering options and have yet to give a final decision."
The acting director of VietCapital Securities Co, Vu Thanh Tu, predicted the market would rebound in the coming session. "Investors should not sell off shares at the moment," he said, advocating a close watch on demand at indices' support levels to define rational prices.
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