VN-Index rebounds to four-week high

Sep 28th at 15:38

28-09-2013 15:38:25+07:00

Shares on the HCM City Stock Exchange rose for a sixth day straight, pushing the market benchmark VN-Index to a four-week high.

Economic data was positive, from both this month and the first nine months of 2013, causing investors to regain confidence in the market. Manufacturing outperformed in September, according to the General Statistics Office (GSO).

The VN-Index rose 0.31 per cent to end the day at 486.61 points.

The southern bourse saw 94 stocks advance, 101 tumble, 77 close unchanged and 32 remain untraded.

Foreign investors remained net buyers with 3.8 million shares changing hands on both bourses. They sold more than 302,000 shares in the Ha Noi Stock Exchange.

The VN30-Index shed 0.06 per cent to end at 545.49. Among its 30 members, 13 stocks advanced, seven declined and 10 did not move. Market volume changed slightly from the previous day to 47 million shares.

FLC Group (FLC), the most active stock on trades of 2.3 million shares, slipped 2.1 per cent to finish at VND4,700 per share.

PetroVietnam Transportation (PVT), came second with 2.3 million shares changing hands, closing unmoved at VND8,500.

On the HOSE, blue chips also gained ground. PetroVietNam Gas Joint Stock Corp (GAS) increased 1.5 per cent to VND67,000 per share and Vinamilk (VNM) went up 0.7 per cent to VND140,000.

At the close, 18 stocks were traded at the upper limit, which was capped at seven per cent by market regulators.

Stocks on the Ha Noi Stock Exchange closed higher for a seventh straight day in a very volatile session. Investors managed to gain ground in the final minutes on improved economic data.

The HNX-Index rose 0.13 per cent to close at 60.4.

The HNX 30 Index, composed of the bourse's top 30 stocks in term of capitalisation and liquidity, shed 0.14 per cent to end at 111.79 points.

The volume changed slightly from the previous day, totaling 20.5 million shares worth VND171 billion.

Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR), the most active share with 2.2 million changing hands, closed unchanged at VND5,700 per share.

PetroVietnam Construction (PVX) came second in liquidity with 1.9 million shares traded. It also closed flat at VND3,000 per share.

Many other blue chips also ended unchanged. However, Vinaconex (VCG) slipped 1.2 per cent to end at VND8,500 per share.

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