Thursday, August 17, 2017 - 18:59:03

Blue chips help buoy VN-Index

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Strong increases of several blue chips again propped up the VN-Index on Sep. 6 which closed essentially unchanged at 436.16 points on the HCM Stock Exchange, after earlier plunging to 431 points.

While other large-cap stocks lost value, insurer Bao Viet Holdings (BVH) and food producer Masan Group (MSN) hit their ceilings of nearly 5 percent for the second day in a row. Phu My Fertiliser (DPM) rose another 1.9 percent while dairy producer Vinamilk (VNM) was up 0.8 percent.

Decliners tripled advancers. The value of the day's trades fell 13 percent over the previous day to nearly 708 billion VND (33.9 million USD) while the trading volume decreased 21 percent to just 41.5 million shares.

In Ha Noi, the HNX-Index fell another 1.78 percent to close at 73.77 points on Sep. 6. The market value was down 35 percent to 534.8 billion VND (25.7 million USD) with only 51 million shares changing hands.

Losers outnumbered gainers by four-to-one.

Kim Long Securities (KLS) was still the most heavily traded stock nationwide with 6.43 million shares changing hands, down 2.4 percent at 12,200 VND (0.6 USD) per share.

Foreign investors were net buyers during the, picking up a combined 77.3 billion VND (3.7 million USD) worth of shares on both exchanges. /.
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