Blue chips give late lift to Index
An unexpected rise in the values of some major blue chips in the final
minutes of March 1’s session on the HCM Stock Exchange helped the
VN-Index regain over 1 percent of its value to close at 466.12 points.
An unexpected rise in the values of some major blue chips in the final
minutes of March 1’s session on the HCM Stock Exchange helped the
VN-Index regain over 1 percent of its value to close at 466.12 points.
The value of the day’s trades fell 24 percent, however, to just over 584.3 billion VND (27.8 million USD), with just 24.2 million shares changing hands.
Among large-cap shares seeing substantial gains, insurer Bao Viet Holdings (BVH) rose to its ceiling price, while real estate developer Vincom (VIC) closed up 3.7 percent, conglomerate Masan Group (MSN) up three percent, and PetroVietnam Finance (PVF) up 2.9 percent.
Nevertheless, losers outnumbered gainers overall by 139-71, with blue chips such as Vietinbank (CTG), Hoa Phat Group (HPG) seeing significant losses.
Saigon Securities Inc (SSI) continued to be the most-active share on the southern bourse, with 1.8 million traded, but it decline by 0.8 percent to end the session at 24,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index continued to decline, shedding another 0.79 percent from the previous day’s close to end the session at 95.16 points. Both market volume and value dropped by more than 34 percent, with 20.9 million shares exchanged for a vlue of only 331.8 billion VND (15.8 million USD).
Kim Long Securities (KLS) was once again the most-active share on the Hanoi bourse, with 1.9 million traded, but KLS closed down three percent to 13,000 VND per share.
Foreign investors concluded on the day as net sellers of nearly 17 billion VND (809,500 USD) worth of shares on the HCM City market but were net buyers in Hanoi of a net of just over 2.5 billion VND (121,400 USD) worth of shares.
In February overall, they became net sellers of 1.8 billion VND (85,700 USD) worth of shares in HCM City but were net buyers of 159 billion VND (7.6 million USD) worth of shares in Hanoi. /.
The value of the day’s trades fell 24 percent, however, to just over 584.3 billion VND (27.8 million USD), with just 24.2 million shares changing hands.
Among large-cap shares seeing substantial gains, insurer Bao Viet Holdings (BVH) rose to its ceiling price, while real estate developer Vincom (VIC) closed up 3.7 percent, conglomerate Masan Group (MSN) up three percent, and PetroVietnam Finance (PVF) up 2.9 percent.
Nevertheless, losers outnumbered gainers overall by 139-71, with blue chips such as Vietinbank (CTG), Hoa Phat Group (HPG) seeing significant losses.
Saigon Securities Inc (SSI) continued to be the most-active share on the southern bourse, with 1.8 million traded, but it decline by 0.8 percent to end the session at 24,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index continued to decline, shedding another 0.79 percent from the previous day’s close to end the session at 95.16 points. Both market volume and value dropped by more than 34 percent, with 20.9 million shares exchanged for a vlue of only 331.8 billion VND (15.8 million USD).
Kim Long Securities (KLS) was once again the most-active share on the Hanoi bourse, with 1.9 million traded, but KLS closed down three percent to 13,000 VND per share.
Foreign investors concluded on the day as net sellers of nearly 17 billion VND (809,500 USD) worth of shares on the HCM City market but were net buyers in Hanoi of a net of just over 2.5 billion VND (121,400 USD) worth of shares.
In February overall, they became net sellers of 1.8 billion VND (85,700 USD) worth of shares in HCM City but were net buyers of 159 billion VND (7.6 million USD) worth of shares in Hanoi. /.
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