Shares continue advancing despite slow trading
Shares continue advancing despite slow trading
By the end of the session of June 19, the benchmark VN-Index jumped 0.9 percent to 503.37 points while the VN tracking the top 30 shares on Ho Chi Minh City’s bourse was up 0.7 percent at 556.73 points.
Major blue chips maintained their rises, helping sustain the market uptrend. The biggest gainers included insurer Bao Viet Holding (BVH) with an increase of 3.8 percent at 49,500 VND (2.36 USD) a share, Eximbank (EIB) up 3.7 percent at 19,600 VND (0.93 USD) and dairy giant Vinamilk (VNM) up 1.5 percent at 135,000 VND (6.43 USD) each.
Market volume dropped by 20 percent from a day earlier, totalling just 43 million shares, while the value of trades fell 30 percent to 769 billion VND (36.6 million USD).
Tan Tao Investment Industry (ITA) continued to be the most active code on trades of over 2.88 million shares at 7,700 VND each.
On the Hanoi Stock Exchange, the HNX-Index managed to close slightly higher at 6.02 points, up 0.05 percent over the previous session, despite sinking into the red during most of the trading time.
Trading was low with the market volume down 30 percent to 29.7 million shares worth 256.8 billion VND (12.3 million USD).
Large foreign buys were attributed as the main force behind this recovery.
Meanwhile, foreign investors were still net sellers on the HCM exchange, unloading shares worth 74.6 billion VND (3.6 million USD).
vietnam+
