Monday, August 21, 2017 - 8:08:38

Shares rise despite high CPI

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The consumer price index hitting 3.32 percent this month did not seem to affect the stock market on April 25 with the VN-Index up 2 percent and the HNX-Index up 1.6 percent.

In the HCM Stock Exchange, some blue chips assisted the VN-Index to close at 465.62 points. The volume increased to 26.27 million shares worth 562.1 billion VND (26.8 million USD), up 0.2 percent in volume and 0.15 percent in value compared to last Friday.

Gainers outnumbered losers by seven times, with 82 codes rising 5 percent – the maximum rate a share can rise in a single session – including three blue chips: software producer FPT Corp (FPT), food producer Masan Group (MSN) and PetroVietnam Finance (PVF).

However, real estate developer Vincom blue chip (VIC) retreated 1.49 percent to end at 132,000 VND (6.20 USD).

SacomBank (STB) saw the highest trading volume at more than 1.9 million shares, closing up 0.74 percent at 13,500 VND. It aims to launch an initial public offering of 30 percent of charter capital in Sacombank Leasing Company and to reach an average growth of 15-20 percent in its charter capital.

Other blue chips to perform well included insurer Bao Viet Holdings (BVH) up 4.32 percent and Hoa Phat Group (HPG) up 4.2 percent.

In Hanoi , the HNX-Index gained 1.35 points, to close at 85.27 points, with more than a quarter of nearly 400 listed stocks hitting ceiling prices.

The trading value closed up at 454.9 billion VND (21.6 million USD) on a total volume of 34.5 million shares.

Foreign investors in the HCM Stock Exchange shifted to net sellers after 19 continuous sessions as net buyers, with 58 billion VND (2.7 million USD) in selling value. Foreign net sellers favoured Sai Gon Securities Inc (SSI), Tan Tao Investment Industry Corporation (ITA) and real estate developer DIC Corp (DIG).

Meanwhile, they remained net buyers in the Hanoi Stock Exchange, paying 19.6 billion VND (933,000 USD), mainly for VNDirect Securities Inc (VND) and Kim Long Securities (KLS) shares./.
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