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City shares stagnant as capital enjoys modest market gains
Shares closed flat in HCM City yesterday, while the market made gains on the Ha Noi Exchange.
In HCM City, the VN-Index lost 0.01 point to end the day at 497.07 points, despite risers overwhelming losers by 143-68.
The total trading value reached VND851.5 billion (US$40.54 million) through the exchange of more than 56.125 million shares.
The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, rose 0.04 per cent to close at 554.97 points.
Of those, 12 codes managed to increase while 11 tumbled and 7 stayed flat.
Notably, PetroVietnam Drilling (PVD) gained VND2,000 ($0.095) to reach VND64,500 ($3.07) per share, Ocean Group (OGC) rose 4.6 per cent to VND11,100 ($0.52) per share and Hoa Sen Group (HSG) jumped 1.8 per cent to VND38,900 ($1.85) per share.
Ten out of 11 decliners lost around VND100 ($0.004) per share and Vietcombank (VCB) tumbled by VND500 ($0.023).
Tan Tao Investment and Industry Corporation (ITA) lead the southern bourse in terms of liquidity yesterday with 5.3 million shares changing hands, followed by Ocean Group (OGC) with 3.7 million swaps.
On the Ha Noi Stock Exchange, the HNX-Index added 0.56 per cent, finishing at 62.43 points.
With more than 46.85 million shares bought and sold, trading value reached around VND292.98 billion ($13.95 million).
The HNX30, composed of the capital city's 30 largest shares, rallied by 1.08 per cent to 117.09 points.
Yesterday, Ha Noi-listed Song Da Group saw many of its members shares surge as SD6, SD7, SD9, SDD and SDP all reached their ceiling prices.
According to Viet Nam Investment Securities Companies, the market was attracting significant cashflows, reflecting investors' expectations of positive movements.
The picture of companies' quarterly reports was almost clear and no longer had a large impact on the market, the company added.
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