Monday, August 21, 2017 - 3:46:12

Trade volume hits two-month high

Print

Trading marked a two-month high with a value of nearly 1.5 trillion VND (72.8 million USD) on both national exchanges on Aug. 30, despite the IMF's lower forecast for global economic growth this year from 4.3 percent to 4.2 percent.

Shares on the Asian market also rose on the strongest US consumer spending data in five months.


On the HCM Stock Exchange, the VN-Index edged up 1.4 percent to 419.26 points.

Market value jumped 20.3 percent over August 29's figure to 39.9 billion VND (35.9 million USD) on a volume of 45.3 million shares.

However, contrary to the previous session when all of the 10 leading shares by capitalisation managed gains, three lost value: Eximbank (EIB) and Sacombank (STB) both down 0.7 percent and food processor Masan (MSN) down 1 percent.

Real estate developer Vincom (VIC) hit its ceiling price of 113,000 VND.

Saigon Securities Inc (SSI) saw the highest trading volume on the southern bourse with nearly 3.6 million shares exchanged.

On the Hanoi Stock Exchange, the HNX-Index added 1.7 percent, ending the session at 72.56 points.

The value of trades increased 30 per cent to 756 billion VND (36.7 million USD) compared to August 29. Trading volume rose to 67.2 million shares, representing a 25.8 percent increase.

Kim Long Securities Co (KLS) was the most active code nationwide, with 8.7 million shares changing hands.

Foreign investors were again sellers on both bourses with a combined net of 26 billion VND (1.3 million USD).

The short-term uptrend will likely continue in the coming session with the VN-Index reaching 431 points and the HNX-Index reaching 77 points, PetroVietnam Securities Co analysts predicted. /.
Your comments about this article ...
Others