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Specific blue chips underpin market rise
The interest in specific blue chips is partly responsible for the stock markets rising this Friday. In HCM City, the VN-Index gained 1.47 per cent to end at 519.5 points.
Volume rose 12 per cent from Thursday to nearly 47 million shares, with a value of VND1.3 trillion (US$61.9 million).
About 17 stocks rose to ceiling prices, with blue chips Bao Vet Holdings (BAH), Masan Group (MSN) and dairy producer Vinamilk (VNM) up VND4,000 each.
Other blue chips performed well: Phu My Fertilisers (DPM) up VND2,000, Vietcombank (VCB) up VND1,500 and PetroVietnam Finance (PVF) up VND1,400.
Software producer FPT Corp (FachievedPT) added VND500 after releasing positive 2010 earnings. It made a profit of VND2 trillion ($95.2 million).
Sai Gon Securities In (SSI) was the most active with 2.5 million shares changing hands leaving the price unchanged this morning.
In Ha Noi, the HNX-Index returned positive, gaining 0.79 per cent to close at 107.87 points. Trading volume was low at 26.8 million shares, totalling VND483.6 billion ($23 million) in value.
Eleven penny stocks matched ceiling prices: Lam Dong Pharmaceutical (LDP) rose VND2,700 followed by Hai Au Paper (GHA) up VND1,300, Thu Duc Trading and Import-Export (TMC) up VND1,500 and Seafood Co No 1 (SJ1) up VND1,600.
With a loss in 2010 earnings, securities stocks fell slightly. Kim Long Securities (KLS) was the most active with 3.1 million shares changing hands, leaving the price VND100 down.
Foreigners remained active in the HCM City market, buying 5.3 million shares and selling 1.9 million, but not in Ha Noi where they bought 379,400 shares and sold 417,400 shares.
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