Friday, August 18, 2017 - 12:09:29

Handful of shares sustain Index

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Blue chips on the HCM Stock Exchange on Nov. 5 gained back some ground lost in the previous session’s hard fall on Nov. 2, helping lift the VN-Index to a close of 377.27 points, an increase of 0.54 percent.

Trades remained sluggish, however, with only about 31 million shares changing hands, worth 371.5 billion VND (17.7 million USD).

Nearly half of the 30 leading shares by capitalisation and liquidity posted gains on Nov. 5, helping lift the VN30 Index by over 1 percent to 446.51 points.

Shares of dairy giant Vinamilk (VNM) made impressive gains on Nov. 5, climbing by over 4 percent, and, along with a few other heavyweight shares, helped propped up the VN-Index. Overall, however, losers still outnumbered gainers by nearly two-to-one.

Real estate developer Tan Tao Investment Industry (ITA) replaced Duc Long Gia Lai Corp (DLG) as the most-active share by the end of the session, with over 2.25 million shares of ITA changing hands before slumping by 2.6 percent to a close of just 3,800 VND per share.

On the Hanoi Stock Exchange, the HNX-Index fell steeply in afternoon trading and ended the day off by 0.61 percent over the previous session to 50.75 points. The value of trades was a very meagre 121 billion VND (5.8 million USD).

Sacomreal (SCR), one of the companies at the centre of this past week's scandal, was the most-active share on the northern bourse, with over 4.5 million sold. SCR plummeted by 5.9 percent to 4,800 VND a share.

Foreign investors were net sellers on Nov. 5 on the HCM City bourse by a net value of 21.4 VND billion (1 million USD), but they remained net buyers by a small margin in Hanoi , picking up shares worth a net of 2.1 billion VND (100,000 USD).-VNA
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