Blue chip gains help to keep stock markets up
Blue chip gains help to keep stock markets up
Solid gains of large-cap shares this afternoon continued to support the market with the benchmark VN-Index rising another 0.26 per cent to close at 497.50 points.
Almost half of the top 30 shares by market capitalisation and liquidity advanced, led by Southern Rubber Industry (CSM), up 6.7 per cent.
Other gainers included Phu My Fertiliser (DPM) up 2.74 per cent, Phu Nhuan Jewelry (PNJ) up 1.54 per cent, followed by Masan Group (MSN) and Vinamilk (VNM) each up over 0.7 per cent.
The VN30 closed at 551.38 points, up 0.3 percent. Market value changed little from the previous session, totaling nearly VND975.2 billion (US$46.4 million) on a volume of more than 42 million shares.
Property developer VinGroup (VIC) remained the most active share yesterday with nearly 3.9 million shares changing hands at VND64,000 ($3.05) per share. HAG was the second most traded at 2.8 million shares at VND22,300 ($1.06) each.
According to many stock analysts, the market is treading water while it awaits corporate earnings reports from the listed companies.
"In addition, there's no support from macro-economic data, thus investors are seeking opportunities from those stocks with good fundamentals," an analysts from FPT Securities Co wrote in a report.
On the Ha Noi Stock Exchange, the HNX-Index also edged up 0.4 per cent to 63.25 points, but the value of trades continued to be sluggish at just over VND165.3 billion ($7.9 million).
Sai Gon-Ha Noi Bank (SHB) ended as the most active code on trades of 3.6 million shares exchanged at VND6,800 a share.
Foreign investors continued to unload shares on the HCM City Stock Exchange, which resulted in a net sell valued at VND60.4 billion ($2.9 million).
Foreign investors were also the net buyers in Ha Noi with a value of VND1.53 billion ($72,900).
vietnamnews
