Bourses finally bounce back
Shares made gains on the HCM Stock Exchange on Nov. 30, swinging back to success after six-straight sessions of decline.
Shares made gains on the HCM Stock Exchange on Nov. 30, swinging back to success after six-straight sessions of decline.
The VN-Index was up 0.64 percent to close at 378.20 points, but the value of trades was just 40 percent of the previous day's level, totalling 231.6 billion VND (11.1 million USD).
"The rally seemed to be technical rather than reflecting improvements based on economic and corporate data," stock analysts of FPT Securities Co wrote in a report on Nov. 30.
Most blue chips recovered slightly on Nov. 30, helping to lift the Index. Heavy-weight shares such as dairy giant Vinamilk (VNM), food processor Masan Group ( MSN ), property developer VinGroup (VIC) and Vietcombank (VCB) all posted gains ranging from 0.7-2.2 percent.
The VN30, tracking the top 30 shares, closed in the green with a 0.63 percent rise, taking it to 444.27 points.
Trading remained sluggish overall, however, with Saigon Securities Inc (SSI) being the most active code with total trades of nearly 700,000 shares. SSI closed 1.42 percent up at 14,300 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also crept up 0.2 percent to 51.10 points, but trading value remained pitiful at just 86.35 billion VND (4.1 million USD).
Sai Gon-Hanoi Bank (SHB) was again the most active code with 2.39 million shares exchanged, closing flat for the fourth day straight at 4,800 VND a share.-VNA
The VN-Index was up 0.64 percent to close at 378.20 points, but the value of trades was just 40 percent of the previous day's level, totalling 231.6 billion VND (11.1 million USD).
"The rally seemed to be technical rather than reflecting improvements based on economic and corporate data," stock analysts of FPT Securities Co wrote in a report on Nov. 30.
Most blue chips recovered slightly on Nov. 30, helping to lift the Index. Heavy-weight shares such as dairy giant Vinamilk (VNM), food processor Masan Group ( MSN ), property developer VinGroup (VIC) and Vietcombank (VCB) all posted gains ranging from 0.7-2.2 percent.
The VN30, tracking the top 30 shares, closed in the green with a 0.63 percent rise, taking it to 444.27 points.
Trading remained sluggish overall, however, with Saigon Securities Inc (SSI) being the most active code with total trades of nearly 700,000 shares. SSI closed 1.42 percent up at 14,300 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also crept up 0.2 percent to 51.10 points, but trading value remained pitiful at just 86.35 billion VND (4.1 million USD).
Sai Gon-Hanoi Bank (SHB) was again the most active code with 2.39 million shares exchanged, closing flat for the fourth day straight at 4,800 VND a share.-VNA
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