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VN-Index rises ahead of new year holiday
Heavy purchases in the latter half of session on Dec. 30 helped HCM City's VN-Index rise 0.55 per cent to 481.4 points. Despite this, decliners still outnumbered advancers by 126 to 88.
Trading volume remained brisk at 57 million shares worth VND1.4 trillion (US$66.7 million).
S.P.M Company (SPM) sank to the floor, down VND3,000; Vimedimmex Medi-Pharma (VMD) dropped VND1,500 while Long Giang Investment and Urban Development (LGL) and Water Supply Sewerage Construction & Investment (VSI) were each down VND1,000.
Hoang Quan Consulting-Trading-Service Real Estate (HQC) and Ha Nam Mineral (KSH) saw the highest increase in prices, each up VND1,800; Followed by Phuc Tien Trade-Manufacture (PHT), up VND700 and Lilama 18 (LM8), up VND600.
Amongst the 10 largest capitalised stocks, Masan Group (MSN) advanced VND2,000 while insurer Bao Viet Holdings (BVH), Vietcombank (VCB), property trader Vincom (VIC), Ocean Group (OGC) and PetroVietnam Finance (PVF) all rallied.
Sai Gon Securities Inc (SSI) and Sacombank (STB) continued to drop while other securities stocks closed unchanged.
On the Ha Noi market, the HNX-Index fell for the second day by 0.26 per cent to close at 112.64 points.
Volume was lower than on Wednesday at 41 million shares with a value of VND833.4 billion ($39.7 million).
Luong Tai Construction Investment (LUT) and Huy Thang Construction (HTB) dipped the most by VND2,300 while VINAM Company (CVN) was down VND2,200; Vinaconex Trading and Manpower (VCM), down VND2,000 and Construction and Investment Company No.18 (L18), down VND1,900.
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