Blue chips fuel indices' gains
Gains from market pillars helped the VN-Index on the Ho Chi Minh Stock Exchange rebound on July 29 from previous day’s loss.
Gains from market pillars helped the VN-Index on the Ho Chi Minh Stock Exchange rebound on July 29 from previous day’s loss.
The VN-Index added 2.79 points or as much as 0.47 percent to stand at 592.24 points at the exchange of nearly 62.3 million shares, worth 1.01 trillion VND (47.6 million USD).
The trading volume and value declined by 44 percent and 41 percent, respectively, over the previous trading session.
Trading was sluggish as buyers remained cautious after a share sell-off on July 28.
FPT Securities said that the VN-Index's gain was just a technical rebound, fuelled by stocks of large capitalisation but not buying demand.
The VN30-Index, tracking the performance of the southern city's largest stocks by capitalisation and liquidity, rose by 0.52 percent to end at 633.58 points.
Property developer Vingroup (VIC) and diary giant Vinamilk (VNM) were among major market stimulators which added 1,000 VND (0.045 USD) per share each after information that they will spend trillions of dong paying dividends in the next two months.
Other gainers included Masan Group (MSN) which rose by 1.6 percent, Bao Viet Holdings (BVH) up 2.1 percent, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC) and PetroVietnam Drilling Corporation (PVD).
Five codes in the VN30 package posted losses, including FPT Corporation (FPT) and Southern Rubber Corporation (CSM) while 11 others tread water.
Stock analysts said that due to the lack of supportive information, the uptrend of the VN-Index was uncertain because the pressure at 590 points was technically high.
On the Hanoi Exchange, the HNX-Index rose 0.71 percent to end at 78.28 points while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, added 0.68 percent to 78.08 points.
The market liquidity declined over the previous trading session with a modest 31 million shares worth 363 billion VND (17 million USD) changing hands.
The HNX30-Index, tracking the capital city's top stocks, closed 0.96 percent higher at 155.57 points. Foreign investors solidly injected money into the market during recent trading sessions. They purchased a net 54.22 billion VND (2.5 million USD) shares on July 29, up 31 percent over the previous trading session.-VNA
The VN-Index added 2.79 points or as much as 0.47 percent to stand at 592.24 points at the exchange of nearly 62.3 million shares, worth 1.01 trillion VND (47.6 million USD).
The trading volume and value declined by 44 percent and 41 percent, respectively, over the previous trading session.
Trading was sluggish as buyers remained cautious after a share sell-off on July 28.
FPT Securities said that the VN-Index's gain was just a technical rebound, fuelled by stocks of large capitalisation but not buying demand.
The VN30-Index, tracking the performance of the southern city's largest stocks by capitalisation and liquidity, rose by 0.52 percent to end at 633.58 points.
Property developer Vingroup (VIC) and diary giant Vinamilk (VNM) were among major market stimulators which added 1,000 VND (0.045 USD) per share each after information that they will spend trillions of dong paying dividends in the next two months.
Other gainers included Masan Group (MSN) which rose by 1.6 percent, Bao Viet Holdings (BVH) up 2.1 percent, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC) and PetroVietnam Drilling Corporation (PVD).
Five codes in the VN30 package posted losses, including FPT Corporation (FPT) and Southern Rubber Corporation (CSM) while 11 others tread water.
Stock analysts said that due to the lack of supportive information, the uptrend of the VN-Index was uncertain because the pressure at 590 points was technically high.
On the Hanoi Exchange, the HNX-Index rose 0.71 percent to end at 78.28 points while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, added 0.68 percent to 78.08 points.
The market liquidity declined over the previous trading session with a modest 31 million shares worth 363 billion VND (17 million USD) changing hands.
The HNX30-Index, tracking the capital city's top stocks, closed 0.96 percent higher at 155.57 points. Foreign investors solidly injected money into the market during recent trading sessions. They purchased a net 54.22 billion VND (2.5 million USD) shares on July 29, up 31 percent over the previous trading session.-VNA
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