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Index gains ground on modest trades
VN-Index gained back a little ground on Nov. 25 after six consecutive downward sessions, closing at 320.33 points for a gain of 0.75 percent.
More than 10.9 million shares were traded with a total value of 313.9 billion VND, off slightly from the 11.6 million-share volume on Monday. Of the 166 listed shares and fund certificates, the HCM Stock Exchange saw 84 advancers, 53 losers, 32 shares unchanged and one code inactive.
Vietcombank Securities analysts said the domestic stock market was still being weighed down by the global financial turmoil, especially on the US market, but US government moves such as this week’s plan to rescue Citigroup have helped shore up confidence.
Nguyen Van Hung, an investor with Kim Long Securities, spoke for a large number of investors when he said many were currently selling off shares to cut their losses.
But positive news about trends in the consumer price index (CPI) helped shore up a number of blue-chips shares which rose on Nov. 25 for the second consecutive trading session. Sacombank (STB), PetroVietnam Drilling (PVD), Hoa Phat Group (HPG) and FPT all rose slightly, and Vinpearl Tourism and Trading Co (VPL) hit its ceiling price to close at 101,000 VND per share.
Sacombank (STB) remained the most active share on the day, with 1.61 million changing hands, followed by Saigon Securities (SSI) with 760,000 shares, and Vinamilk (VNM) which placed third with 500,000 shares, although it lost value on the day.
In Hanoi , the HASTC-Index was also up slightly, gaining 0.73 point to close at 105.24. Nearly 5.48 million shares were traded with a total value of 148.9 billion VND. The northern bourse saw 74 advances, 67 losers and 20 codes unchanged.
VNA
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