Blue chips boost national bourses
Blue chips boost national bourses
Shares on both the Ha Noi and HCM City stock exchanges exceeded expectations after rebounding from Monday's losses.
According to Tran Hai Yen from the Bao Viet Securities Company, benchmark indices exceeded previous levels, led by a surge in blue chip stocks.
"Although cash to the market was still limited, the flows poured into blue chips helping the rally become more stable," she said.
The VN-Index on the HCM City Stock Exchange gained 0.59 per cent to 496.56 points while the VN30, tracking the top 30 stocks in capitalisation and liquidity, added 0.6 per cent to close at 549.45 points.
Trading declined by 12 per cent on the previous session with 34.4 million shares worth VND648.3 billion (US$30.5 million) being traded.
In the VN30, HCM City Infrastructure Investment (CII), private equity firm Masan Group (MSN) and Sacombank (STB) retreated while 19 blue chips closed in the green.
Top gainers included PetroVietnam Low Pressure Gas Distribution (PGD), up 5.1 per cent, Kinh Do Confectionery (KDC), up 3.8 per cent and rubber producer Casumina (CSM). up 2.6 per cent.
On the Ha Noi Stock Exchange, the HNX-Index closed yesterday's session at 62.33 points, a rise of 0.72 per cent.
Trading value reached VND131.1 billion ($6.1 million) over a volume of 14.8 million shares.
The HNX30, tracking the bourse's 30 leading shares, also advanced 0.77 per cent to 115.87 points.
Foreign investors continued as top sellers by a margin of VND28.4 billion ($1.3 million) on both bourses.
vietnamnews
