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VN-Index rises on increased market value
The VN-Index opened the week's trading on a high note, closing Monday's morning up 0.2 per cent at 434.25 points. On the HCM City Stock Exchange, value of the day's trades soared to more than VND1 trillion (US$51.5 million), doubling last Friday's value, but the trading volume rose just 16 per cent to over 25.5 million shares.
As many as 6 million shares of dairy giant Vinamilk (VNM) were traded today at the ceiling price of VND115,000 ($5.58) per share. They were traded through the negotiation method. Today, more than 14 million additional shares which VNM had previously issued to foreign investors and employees were listed on the bourse, raising the foreign ownership ratio in VNM from 46 per cent to 49 per cent.
However, VNM closed today's trading up just 2.7 per cent at VND113,000 ($5.49).
Property developer Vincom (VIC) also rose 3.1 per cent to VND134,000 ($6.50).
Decliners still outnumbered advancers by 110-103, with many blue chips declining, including real estate Hoang Anh Gia Lai CO (HAG), steel producer Hoa Phat Group (HPG), Phu My Fertiliser (DPM), financial Masan Group (MSN) and insurer Bao Viet Holdings (BVH), with losses ranging from 1 per cent to over 3 per cent.
On the Ha Noi Stock Exchange, the HNX-Index retreated 0.2 per cent from the previous Friday to 75.63 points. The market volume and value were still in the dark with just over 24 million shares worth VND293.6 billion ($14.3 million) changing hands.
Losers outnumbered gainers by 128-102 with 154 codes closing unchanged.
Kim Long Securities (KLS) was still the most active stock nation-wide with 3.28 million shares changing hands. It increased 1.8 per cent to close at VND11,600 ($0.56) a share.
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