Wednesday, 14/03/2012 16:17

Stocks sustain rise in HCM City, down in Ha Noi

Stocks sustained their rise on the HCM City Stock Exchange when this morning's session closed, but sank on the Ha Noi bourse.

Source: VietstockFinance

In HCM City, the benchmark VN-Index added 0.68 per cent to stand at 432.32 points even though decliners outnumbered advancers by 127-96.

The VN30 Index, which tracks the performance of the 30 leading shares by market value and liquidity, was up 0.12 per cent at over 487 points, thanks to some major shares that hit the ceiling of a 5 per cent rise. They included insurer Bao Viet Holdings (BVH), PetroVietnam Finance (PVF), Sacombank (STB) and Sacombank Securities (SBS).

Blue chips tumbled overall as just eight of the 30 leading shares declined.

Investors were wary of a possible "bulltrap", causing the total market volume to stand at just 46.6 million shares, worth VND728.6 billion (US$34.7 million).

Ninh Van Bay Travel Real Estate (NVT) finished this morning as the most active stock on the HCM City bourse on a trade of over 4.3 million shares, closing unchanged at VND3,500.

On the Ha Noi Stock Exchange, the HNX-Index lost 1.18 per cent to conclude this morning at 69.71 points. Value of trades totalled VND421.1 billion ($20 million) with almost 50 million shares changing hands.

Losers narrowly edged out gainers by a margin of 128-110.

Habubank (HBB) continued to be the most active trade nationwide with 17.3 million shares exchanged, traded at the floor price of VND6,100 a pop. The central bank late yesterday rejected the rumour that it has allowed Sai Gon-Ha Noi Bank (SHB) to acquire it.

vietnamnews

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