Blue chip rally slows share fall

A rally of blue-chip shares helped slow the fall of Vietnam 's stock indices on Nov. 22, despite the worries about soaring inflation.
A rally of blue-chip shares helped slow the fall of Vietnam 's stock indices on Nov. 22, despite the worries about soaring inflation.

In HCM City , the VN-Index closed down just 0.08 percent to 426.19 points.

Trading volume continued low at 29.8 million shares worth of 680.3 billion VND (32.4 million USD).

Six of the ten most capitalised stocks advanced.

These were insurer Bao Viet Holding (BVH), up 2.44 percent; Phu My Fertilisers (DPM), up 2.35 percent; multi-business Masan Group (MSN), up 1.64 percent; software producer FPT Corp (FPT), up 1.47 percent; steel producer Hoa Phat Group (HPG), up 0.81 percent and Eximbank (EIB), up 0.75 percent.

The major stocks Hoang Anh Gia Lai (HAG) and Sacombank (STB) closed unchanged. STB led the market in volume traded - 1.7 million shares.

Foreign investors were net-buyers in the day.

They picked up 715,750 shares worth 62.4 billion VND (3 million USD) from both stock exchanges - triple the volume of last week.

In Hanoi , the HNX-Index fell 1.25 percent to 97.86 points, in comparison to a fall of 1.48 percent last week.

Declines totalled 239 and advances 47.

Volume was still modest with 27.8 million shares for a value of 495.7 billion VND (23.6 million USD). PetroVietnam Construction (PVX) was the most active stock at 2.5 million shares./.

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