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Foreigner buying saves VN-Index
Foreigners buying blue chips helped the VN-Index, HCM City, rise 0.85 per cent to 434.48 points this Wednesday. The value of trades was VND604.3 billion (US$28.8 million) and volume totalled 31 million shares.
The foreign investors bought 90,740 of the 101,640 shares of Bao Viet Holdings traded in the session.
They also bought 90,740 of the 95,070 shares in software producer FPT Corp (FPT) traded.
Blue chips to rally were BVH, up VND2,500; FPT, up VND1,000; Steel producer Hoa Phat Group (HPG), up VND200; Masan Group (MSN), up VND1,000; PetroVietnam Finance (PVF), up VND1,000 and Sacombank (STB) and Eximbank (EIB), up VND100.
VietinBank (CTG) and Hoang Anh Gia Lai (HAG) were among the blue chips to fall.
Seventeen-stocks matched their ceiling price and nine fell to their floor prices.
In Ha Noi, the HNX-Index fell 0.03 per cent to 99.02 points.
Volume was higher than Tuesday with 30.2 million shares worth VND513.7 billion ($24.5 million) traded.
Four of the 10 most capitalised stocks advanced.
Asia Commercial Bank (ACB), was up VND200; Ocean Hospitality Services (OCH), up VND100; PetroVietnam Insurance (PVI), up VND600 and Sai Gon-Quy Nhon Mining Company (SQC), up VND200.
Twenty-one stocks fell to their floor price with the number matching the ceiling prices was just eight.
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