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Shares up in HCM City in a tale of two cities

Jan 11th at 13:08
11-01-2013 13:08:45+07:00

Shares up in HCM City in a tale of two cities

Shares show no signs of slowing down on the HCM City Stock Exchange, with the VN-Index continuing to gain another 0.69 per cent to close this  January 11 morning' session at 463.29 points.

Trading remained busy with 54.3 million shares, worth VND866 billion (US$41.4 million), changing hands.

The growth of several blue chips boosted the market as decliners outnumbered advancers by 121-81. Gainers included PetroVietnam Finance (PVF), dairy giant Vinamilk (VNM), Masan Group (MSN) and property developer Hoang Anh Gia Lai Co (HAG).

Tan Tao Industry Investment (ITA) continued to be the most active code this morning on trades of 3.45 million shares, climbing 3.57 per cent to VND5,800 a share.

Meanwhile, profit-taking selling pressure on the Ha Noi Stock Exchange pushed the HNX-Index down 0.08 per cent to a close of 60.48 points by the end of this morning.

Losers edged gainers up 108-70.

More than 65.4 million shares, worth VND470.9 billion ($22.5 million), were exchanged, with Sai Gon-Ha Noi Bank (SHB) again being the most active code on trades of almost 14 million shares. SHB is being traded at VND6,700 a share, unchanged compared to their closing price yesterday.

Trading will resume at 1pm.

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