Blue chips boost benchmark indices

Shares continued to climb on both the national stock exchanges on January 14 with improved liquidity on the southern bourse.
Shares continued to climb on both the national stock exchanges onJanuary 14 with improved liquidity on the southern bourse.

More than 94.8 million shares were traded on the Ho Chi Minh City StockExchange with a total value of more than 1.57 trillion VND (74.76million USD), both being 18 percent and 38 percent higher than theJanuary 13 trading, respectively.

The VN-Index earned 0.23percent to reach 522.31 points. The benchmark index has been increasingfor eight straight days to approach the peak that was achieved in June2013.

Strong profits were made on speculative stocks on January14, while the blue chips received the foreign capital flow to remain themarket stimulators.

The VN30-Index, tracking the southern city's30 top shares by capitalisation and liquidity, gained 0.69 percent toreach 580.59 points.

Of them, 18 codes added values. Hoa PhatGroup (HPG) increased 1,700 VND (0.08 USD) to reach 45,000 VND (2.14USD) per share, PetroVietnam Low Pressure Gas Distribution (PGD) earned1,400 VND (0.06 USD) to reach 41,000 VND (1.95 USD) per share, andPetroVietnam Drilling (PVD) rose by 2,000 VND per share to touch 68,500VND (3.26 USD).

Stocks of petrol and oil sectors had stablegrowth during 2013 and made impressive gains recently with expected goodbusiness results.

Four losers included real estate giantVingroup (VIC), Thanh Thanh Cong Sugar Corporation (SBT), PetroVietnamTransportation Corporation (PVT) and Southern Rubber Corporation (CSM).

Overall, on the southern bourse, 113 codes managed to gain while 91 lost.

On the Hanoi Stock Exchange, blue chips also attracted foreign investors on January 14.

The HNX30-Index, comprising the northern bourse's 30 largest shares, advanced 0.91 percent to reach 136.15 points.

The HNX-Index increased 0.91 percent to reach 71.69 points on thetrading of 47.4 million shares with a total trading value of 470 billionVND.

The HNXFF-Index, comprising stocks with a minimum freefloat rate of 5 percent, closed on January 14 at 71 points, 0.32 percenthigher.-VNA

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