Benchmark indices post modest gains

Feb 15th at 19:37

15-02-2014 19:37:03+07:00

Investors were more cautious in HCM City yesterday, causing the benchmark index to slow down.

The VN-Index, despite losses in the morning trading session, managed to increase slightly during the afternoon session.

The index rose by 0.36 per cent, lower than the 1.87 per cent and 1.05 per cent posted on Wednesday and Thursday, respectively, to end at 572.22 points.

Investors become more cautious yesterday as it was the day that the huge volume of shares traded on Tuesday were transferred to investors' accounts under the T+3 transaction, causing selling pressure, according to FPT Securities.

Blue chips showed a mixed performance, with 13 gainers and 10 losers. However, the VN30-Index, tracking the bourse's largest stocks by capitalisation and liquidity, declined by 0.05 per cent to 641.41 points.

This was due to losses incurred by the giant property developer Vingroup, Hoa Phat Group (HPG), Hoa Sen Group (HSG), and Masan Group (MSN). The Bao Viet Group (BVH) and FPT Group (FPT) were also among the losers.

However, major stocks such as Vinamilk (VNM), PetroVietnam Drilling (PVD), Ocean Group (OCG), and PetroVietnam Transportation Corporation (PVT) gained in the day's trading. The stocks of Sacombank (STB) also posted gains.

The strong cash flow yesterday helped the VN-Index avoid a loss at the end of the trading day.

The total trading value reached VND2.33 trillion (US$110.9 million) on transactions of more than 142.8 million shares.

Tan Tao Group (ITA) led the bourse in liquidity as 9.5 million of its shares changed hands, followed by the Ocean Group (OCG), with 5 million shares.

Liquidity set a new record on the Ha Noi Stock Exchange, with the total trading value at VND952 billion ($45.33 million) and the trading volume at more than 113.8 million shares.

The benchmark indices maintained the strong gains from Tuesday, and the HNX-Index added 1.37 per cent to reach 78.76 points.

The HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, advanced 1.24 per cent to end at 77.67 points.

Tracking the capital city's top shares by capitalisation and liquidity, the HNX30-Index closed yesterday at 156.62 points, posting a rise of 1.56 per cent.

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