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Strong buying keeps VN-Index up
Ho Chi Minh City share prices closed 0.65 percent higher on July 9, backed by strong buying and increasing blue chips, dealers said.
On the HCM City Stock Exchange, the VN-Index added 2.84 points to end at 439.55. As many as 17 million shares and fund certificates changed hands with a total value of 617.2 billion VND (37.4 million USD).
The day’s exchange saw 89 gainers and 55 losers.
Hau Giang Pharmaceutical Joint Stock Co (DHG), Vinamilk (VNM) and Tan Tao Industrial Park Corp (ITA), with large capital values, were among the biggest losers.
Other major stocks hit remarkable highs, including Phu My Fertilisers (DPM), FPT, Refrigeration Electrical Engineering Corp (REE), Saigon Securities Inc (SSI) and Sacombank (STB), all contributing to the overall market increase.
STB led the market in terms of trading volume at 2.8 million shares, followed by DPM with 1.8 million. SSI proved still attractive with purchases exceeding sales by 2.6 million.
Purchases balanced with big sales on July 9, as investors were more confident after securities experts expressed optimism of an upward trend earlier this week.
Experts said the last two weeks had been the most positive for the stock market since the beginning of the year, as the Government’s efforts to curb inflation and stabilise the general market were showing positive signs.
Foreign investors were net buyers on July 9, with 2.4 million shares and fund certificates bought and 1.4 million units sold.
Hanoi Securities Trading Centre’s HASTC-Index gained 0.79 points, or 0.63 percent, to close at 125.92. Trading volume reached 5.97 million for a total value of 163 billion VND (9.87 million USD).
Asia Commercial Bank (ACB) turned around and hit the ceiling, while Petroleum Technical Services Corp (PVS) was in high demand with purchases exceeding sales by 1.2 million shares.
VNA
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