Shares climb higher on improved liquidity

Nov 21st at 13:31

21-11-2013 13:31:10+07:00

Benchmark indices finished higher on both national stock exchanges yesterday, following the display of strong liquidity in the afternoon session.

The VN-Index on the HCM City Stock Exchange slightly gained 0.16 per cent to reach 505.52 points.

With more than 107.16 million shares traded, the total trading value hit VND1.448 trillion (US$68.95 million).

The VN30-Index, composed of the southern bourse's largest shares by capitalisation and liquidity, rose 0.27 per cent to 556.44 points. Advancers nearly doubled decliners by 15-8.

Gainers, including Vietcombank (VCB), Sacombank (STB), REE Corporation (REE), and PetroVietnam Transportation Corporation (PVT), earned between VND100 ($0.0048) and VND600 ($0.028) per share.

Also among the gainers were PetroVietnam Drilling (PVD), Hoa Phat Group (HPG), Da Nang Rubber Company (DRC), and real estate Hoang Anh Gia Lai Group (HAG).

Vinamilk (VNM) lost VND1,000 ($0.049) to reach VND141,000 ($6.7) per share, while Masan Group (MSN) dropped by VND500 ($0.023), being traded at VND81,000 ($3.8) per share.

Others losers included Bao Viet Group (BVH), Eximbank (EIB), FPT Group (FPT), and Bourbon Tay Ninh (SBT).

According to FPT Securities, the cash flow yesterday shifted focus from blue chips to small caps. Many stocks, the market prices of which were below VND10,000 ($0.48) per share, reached their ceiling prices yesterday, especially among stocks in the real-estate sector.

In addition, speculative stocks in the mining sector also attracted investors yesterday, including Bac Giang Exploitable JSC (BGM), Binh Thuan Industrial Minerals (KSA), Na Ri Hamico (KSS), and Tay Bac Minerals Investment Company (KTB).

Overall, 159 codes in the southern bourse managed to increase, while 64 lost.

On the Ha Noi Stock Exchange, the HNX-Index edged up 0.4 per cent to 64.62 points.

The total trading value hit VND346.38 billion ($16.49 million) on the exchange of 45.3 million shares, with both rates higher than Tuesday's figures.

The HNX-30 Index, tracking the capital city's 30 largest shares, also advanced 0.52 per cent to 123.25 points. In the short term, the market will continue its upward trend, FPT Securities forecast.

Foreign investors concluded yesterday as net sellers with a net value of VND23.33 billion ($1.11 million).

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