Banking stocks lift VN-Index
Fourth quarter results released helped lift banking stocks and influence the whole market on Dec. 27. In HCM City, the VN-Index rose 0.06 per cent to 473.05 points, with advancers outnumbering decliners by 119 to 99.
Trading volume closed at a modest 39.2 million shares, totalling VND975.1 billion (US$43.4 million).
All banking stocks made gains, including Sacombank (STB), Eximbank (EIB), VietinBank (CTG) and Vietcombank (VCB), with an average increase of VND300.
Finance stocks [Masan Group (MSN), PetroVietnam Finance (PVF), Saigon Securities Inc (SSI)] closed unchanged; While insurer Bao Viet Holding (BVH) and Phu My Fertiliser (DPM) were the only blue chips to manage an advance.
Hoang Quan Consulting-Trading-Service Real Estate Company (HQC) saw the highest increase in price, up VND1,800; Followed by Ben Thanh Trading & Service (BTT), Nari Hamico Mineral (KSS) and Chuong Duong Beverage (SCD), each up VND1,300.
Only four stocks sank to their floor prices, including OPC Pharmaceutical (OPC), down VND1,900 and Vinh Hoan Company (VHC), down VN1,400.
In Ha Noi, the HNX-Index added 0.22 per cent to close the day's trading at 111.43 points.
Volume remained low at 36.2 million shares worth VND704.6 billion ($33.6 million).
Among the blue chips, only Asia Commercial Bank (ACB) and Bao Viet Securities (BVS) gained points, while others saw a slight decline.
Dong Anh Ceramic (DAC) rose the most, up VND2,700; Followed by Safoco Foodstuff (SAF) and Petrolimex Ha Noi Transportation and Trading (PJC), each up VND2,100 and Viglacera Ha Long No.1 (HLY), up VND1,900.
Meanwhile, Petrolimex Saigon Transportation and Trading (PSC) saw the deepest fall in price, down VND2,500; Followed by Bien Hoa Packaging (SVI), down VND1,800 and Duc Long Gia Lai Public Investment Development (DL1), down VND1,100.
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