Blue chips hold up ailing market
Blue chips finally helped the market improve on May 14 by struggling to hold up against stokes hitting floor prices.
Blue chips finally helped the market improve on May 14 by struggling to hold up against stokes hitting floor prices.
On the Hochiminh Stock Exchange, the VN-Index edged up 0.16 percent to close at 543.69 points, with equal numbers of gainers and decliners, and 106 flat stocks.
Market liquidity was low with 65 million shares traded, worth 989 billion VND (45.8 million USD).
The VN30 Index, which covers the 30 largest codes by market value and liquidity, slightly gained 0.11 percent to end at 569.89 points.
The basket had a mixed performance with 11 gainers, 8 decliners and 11 remaining unchanged.
Blue chips were more stable in the afternoon than in the morning and did manage to help the market to make a stand against stocks that hit floor prices. However, eight decliners-including Vingroup Corporation (VIC), Bao Viet Holdings (BVH) and Refrigeration Electrical Engineering Corporation (REE) - prevented the market from ending higher.
On the Hanoi Stock Exchange, the HNX-Index went up 0.22 percent to finish at 79.55 points. The northern market also had a mixed performance with 93 gainers and 106 losers.
The northern market recorded a lower trading volume of 33.7 million shares, however, the trading value improved to 524.5 billion VND (24.2 million USD).
The HNX30 Index increased by 0.41 percent to close the day at 149.12 points. In this basket, gainers balanced decliners by 12 to 11 while seven others were unchanged.
On the northern bourse, large-cap codes of Drilling Mud Corporation (PVC), Petroleum Technical Services Corporation (PVS) and Asia Commercial Bank (ACB) held the market up with increases of 0.93, 0.81 and 1.21 percent, respectively.-VNA
On the Hochiminh Stock Exchange, the VN-Index edged up 0.16 percent to close at 543.69 points, with equal numbers of gainers and decliners, and 106 flat stocks.
Market liquidity was low with 65 million shares traded, worth 989 billion VND (45.8 million USD).
The VN30 Index, which covers the 30 largest codes by market value and liquidity, slightly gained 0.11 percent to end at 569.89 points.
The basket had a mixed performance with 11 gainers, 8 decliners and 11 remaining unchanged.
Blue chips were more stable in the afternoon than in the morning and did manage to help the market to make a stand against stocks that hit floor prices. However, eight decliners-including Vingroup Corporation (VIC), Bao Viet Holdings (BVH) and Refrigeration Electrical Engineering Corporation (REE) - prevented the market from ending higher.
On the Hanoi Stock Exchange, the HNX-Index went up 0.22 percent to finish at 79.55 points. The northern market also had a mixed performance with 93 gainers and 106 losers.
The northern market recorded a lower trading volume of 33.7 million shares, however, the trading value improved to 524.5 billion VND (24.2 million USD).
The HNX30 Index increased by 0.41 percent to close the day at 149.12 points. In this basket, gainers balanced decliners by 12 to 11 while seven others were unchanged.
On the northern bourse, large-cap codes of Drilling Mud Corporation (PVC), Petroleum Technical Services Corporation (PVS) and Asia Commercial Bank (ACB) held the market up with increases of 0.93, 0.81 and 1.21 percent, respectively.-VNA
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