Blue chips rebound to help lift both indices
Shares escaped another losing session on Sept. 19 thanks to a rebound of
interest in blue chips in the final trading minutes, with both stock
indices gaining value on renewed share appetites.
Shares escaped another losing session on Sept. 19 thanks to a rebound of
interest in blue chips in the final trading minutes, with both stock
indices gaining value on renewed share appetites.
In HCM City , the VN-Index rose 1 percent over the previous sessions’s close on Sept. 16 to 461.68 points. The trading value continued to be high, reaching more than 1.37 trillion VND (65.9 million USD) on a total volume of nearly 46.6 million shares.
Gainers overwhelmed losers by 165-63, with most blue chips rising.
Many large-cap shares surged to the daily limit of about 5 percent, including Vietinbank (CTG), Phu My Fertiliser (DPM), software producer FPT (FPT), and real-estate developers Hoang Anh Gia Lai (HAG), Hoa Sen Group (HSG) and Kinh Bac City Development (KBC).
Insurer Bao Viet Holdings (BVH) dropped to the floor price two days in a row after a series of 10 consecutive rising sessions.
After the news that shares of Masan Group (MSN) and Becamex Infrastructure Development (IJC) would be included in the basket of the FTSE Vietnam Index from Sept. 19, IJC became the most heavily-traded stock nationwide with nearly 5.25 million changing hands.
Meanwhile, 4 million MSN shares worth 604 billion VND (29 million USD) were also exchanged through negotiations.
Both MSN and IJC increased by about 2 percent on Sept. 19.
Head of technical analysis for An Phuc Investment, Truong Nguyen The Bao, said many factors indicated the market had reached bottom in August.
He said some rising phases are likely happen in the foreseeable future, led by both new and old blue-chip groups, which have been overly discounted in the past.
In Hanoi , the HNX-Index also gained 1.51 percent to finish at more than 76 points, with advancers outnumbering decliners by 164-97.
However, market value fell 25 percent to just 437.5 billion VND (21 million USD) as nearly 38 million shares changed hands.
Kim Long Securities Co (KLS), with 3.77 million shares traded, was still the most active stock on the Hanoi bourse on the day, closing 0.8 percent higher at 12,500 VND (0.6 USD). /.
In HCM City , the VN-Index rose 1 percent over the previous sessions’s close on Sept. 16 to 461.68 points. The trading value continued to be high, reaching more than 1.37 trillion VND (65.9 million USD) on a total volume of nearly 46.6 million shares.
Gainers overwhelmed losers by 165-63, with most blue chips rising.
Many large-cap shares surged to the daily limit of about 5 percent, including Vietinbank (CTG), Phu My Fertiliser (DPM), software producer FPT (FPT), and real-estate developers Hoang Anh Gia Lai (HAG), Hoa Sen Group (HSG) and Kinh Bac City Development (KBC).
Insurer Bao Viet Holdings (BVH) dropped to the floor price two days in a row after a series of 10 consecutive rising sessions.
After the news that shares of Masan Group (MSN) and Becamex Infrastructure Development (IJC) would be included in the basket of the FTSE Vietnam Index from Sept. 19, IJC became the most heavily-traded stock nationwide with nearly 5.25 million changing hands.
Meanwhile, 4 million MSN shares worth 604 billion VND (29 million USD) were also exchanged through negotiations.
Both MSN and IJC increased by about 2 percent on Sept. 19.
Head of technical analysis for An Phuc Investment, Truong Nguyen The Bao, said many factors indicated the market had reached bottom in August.
He said some rising phases are likely happen in the foreseeable future, led by both new and old blue-chip groups, which have been overly discounted in the past.
In Hanoi , the HNX-Index also gained 1.51 percent to finish at more than 76 points, with advancers outnumbering decliners by 164-97.
However, market value fell 25 percent to just 437.5 billion VND (21 million USD) as nearly 38 million shares changed hands.
Kim Long Securities Co (KLS), with 3.77 million shares traded, was still the most active stock on the Hanoi bourse on the day, closing 0.8 percent higher at 12,500 VND (0.6 USD). /.
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