Soaring prices of steel shares on the Ho
Chi Minh Stock Exchange on April 5 helped lift the VN-Index to 514.79, a
gain of 0.84 percent.
Gainers outnumbered decliners by 133-46, but the value of the day’s
trades declined by 5 percent from April 2’s session to just below 1.7
trillion VND (7.4 million USD), on a modest volume of 43.5 million
shares.
Nearly all steel shares rose to their ceiling prices, however,
including Vietnam-Italy Steel (VIS), Tien Len Steel (TLH) and Asia Huu
Lien (HLA), supported by news that steel prices had risen from an
average of 1.2 million VND (63.16 USD) to 2 million VND (105.26 USD) per
tonne since the beginning of the year.
On the Hanoi Stock Exchange, the HNX-Index advanced by a surer 1.87
percent to close at 167.18. The volume of the day’s trades rose by over
41 percent to more than 34.8 million shares, worth a combined 1.16
trillion VND (61.1 million USD), up 36 percent from the value of the
April 2’s session.
Steel shares on the northern bourse, such as Produce and Trading Metal
(KKC) and Vietnam-Germany Steel Pipe (VGS), also skyrocketed, along
with construction shares like PetroVietnam Construction (PVX) and
Vinaconex (VCG). PVX claimed the position as most-active share
nationwide, on a volume of 6.37 million traded.
The Hanoi marked on April 5 also welcomed the listing of 13.5
million shares by An Phat Securities Co (APG). APG closed its first day
of trading of 11.6 percent from its opening price to 15,900 VND (0.84
USD) per share, on a volume of 120,600 shares.
Foreign investors were once again net buyers on April 5 on both
bourses, picking up a combined net ov 86 billion VND (4.5 million USD)
worth of shares./.