Shares up in HCM City, down in Ha Noi
Increases in some major blue chips helped lift the VN-Index by 0.74 per cent on Feb. 15 to close at 517.87 points, although losers outnumbered gainers by 144.67 overall.
Value of the day's trades decreased nearly 7 per cent on the HCM City Stock Exchange, reaching almost VND826 billion (US$39.3 million) with nearly 33.4 million shares changing hands.
Of the 10 largest capitalised shares, six – Vietinbank (CTG); Phu My Fertiliser (DPM); property developers Hoang Anh Gia Lai Group (HAG) and Vincom Company (VIC); PetroVietnam Finance (PVF) and Bao Viet Holdings (BVH) – all posted strong gains on Feb. 15, with the two latter hitting their ceiling prices.
Electricity shares, which were the largest gainers on Feb. 14, retreated today with the exception of Thac Mo Hydro Power (TMP), which rose 0.9 per cent. Vinh Son-Song Hinh Hydropower (VSH), Pha Lai Thermal Power (PPC) and Khanh Hoa Power all faced losses.
The power price adjustment scheme, proposed by the Ministry of Industry and Trade, was submitted to the Government yesterday for approval. In March, electricity prices are expected to increase by 18 per cent, or VND160 ($0.008) per KW/h.
Logistics company Thuan Thao Corporation (GTT) was the most active stock on the southern bourse today with 2.46 million shares changing hands, but it closed down 2.3 per cent to VND8,400 ($0.4) per share.
On the Ha Noi Stock Exchange, the HNX-Index fell 0.68 per cent to finish at 106.65 points.
Both market volume and value remained sluggish with just nearly 26.2 million shares worth VND452.6 billion ($21.6 million) exchanged.
Decliners outnumbered advancers by 194-77.
Kim Long Securities (KLS) continued to be the most heavily-traded stock on the northern bourse with over 1.68 million shares traded. But it closed down 1.3 per cent to VND15,000 ($0.71).
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