Last minute buys send stocks up

Positive buys in the last minutes of trading in the HCM City Stock Exchange helped counter an earlier correction on Apr. 8. The VN-Index rose 0.17 per cent to 464.29 points.

The trading volume fell 26.2 per cent to 20.3 million shares with a total value of VND464.7 billion (US$22.1 million).

About 90 codes gained while 123 declined.

Blue chips performed well, with property developer Vincom (VIC) rising 0.8 per cent, VietinBank (CTG) and dairy producer Vinamilk (VNM) rising 1 per cent each, PetroVietnam Finance (PVF) rising 2 per cent and Masan Group (MSN) rising 2.5 per cent.

Among the decliners, Saigon Securities Inc (SSI) fell 1.3 per cent, insurer Bao Viet Holding (BVH) fell 1.3 per cent and Sacombank (STB) fell 1.4 per cent.

Eximbank (EIB), steel producer Hoa Phat Group (HPG) and software producer FPT Corporation (FPT) closed unchanged.

On the Ha Noi market, the HNX-Index fell for the second day, this time by 0.51 per cent to finish at 90.26 points.

Volume was low with over 17 million shares changing hands, worth of VND257.5 billion ($12.3 million) in value. Losers numbered 192 codes, triple the number of gainers.

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