Indices gain despite modest trading

Both key indices continued yesterday's upward trend but market values dropped significantly. On the HCM Stock Exchange, the VN-Index closed up 3.2 per cent to 410.82 points with gainers outnumbering losers by 197-46.

However, the value and volume of trades plunged around 36 per cent compared to yesterday's session to a total of VND514.2 billion (US$24.5 million) on a volume of 29.9 million shares.

Of the 10 largest shares in terms of capitalisation, seven hit ceiling prices including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), fertiliser producer Phu My (DPM), financial group Hoang Anh Gia Lai (HAG), food producer Masan Group (MSN), PetroVietnam Finance (PVF) and estate developer Vincom (VIC).

Only Eximbank closed unchanged and claimed the highest trading volume of 3.1 million shares while two others gained – Sacombank (STB) up 0.9 per cent and software giant FPT (FPT) up 0.2 per cent.

In the Ha Noi Stock Exchange, increasing demand led the HNX-Index to climb 0.7 per cent to 70.83 points.

Gainers accounted for 70 per cent of the listed codes.

Market liquidity reached 60 per cent of yesterday's session, valued at VND340.5 billion ($16.2 million), equivalent to 31.8 million shares.

PetroVietnam Construction Company (PVX) was the most-active share with 2.4 million shares changing hands.

vietnamnews

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