Tuesday, August 22, 2017 - 3:00:21

Investors return to bank shares

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Ho Chi Minh City stocks failed to retain earlier gains on June 13, while shares in the capital city managed a feeble rally.

On the HCM Stock Exchange, the VN-Index fell 0.13 percent to 427.61 points. Over 84 million shares were traded, however, an increase of over 42 percent over the previous session. The value of trades jumped by a whopping 71.8 percent to 1.4 trillion VND (68.5 million USD).

The VN30 Index, tracking the market’s leading shares in terms of capitalisation and liquidity, also dropped by around 0.5 percent, closing at 504.19 point. Of the 30 stocks tracked by the VN30, only Phu My Fertilisers (DPM), logistic firm Gemadep (GMD), Phu Nhuan Jewelry (PNJ), food processor Masan Group (MSN), financial conglomerate Ocean Group (OGC) and two banking stocks – Vietinbank (CTG) – and Vietcombank (VCB) – managed gains.

On the Hanoi Stock Exchange, the HNX-Index closed nearly, unchanged at 74.76 points. Trading volume remained sluggish at around 37.6 million shares, worth a total of 393.2 billion VND (18.7 million USD).

With nearly seven million shares exchanged, PetroVietnam Construction Co (PVX) continued to be the most-active share nationwide.-VNA
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