Business

Blue chips lead modest rebound

A rebound driven by many blue chips during the end of September 13's session buoyed the VN-Index.

A rebound driven by manyblue chips during the end of September 13's session buoyed the VN-Index.

On the HCM Stock Exchange, the VN-Index surpassed 391 points, up 0.78 percent from the previous day’s close.

Trading also improved as more than 37 million shares, worth more than703.9 billion VND (33.5 million USD), changed hands, up 80 percent invalue over the previous session. However, half of total value was tradedthrough negotiations, led by whopping trades of shares in the twoproperty developers Hoang Anh Gia Lai (HAG) and VinGroup (VIC).

More than 4 million HAG shares worth 100 billion VND (4.8 million USD)and 2.5 million VIC shares worth 171 billion VND (8.1 million USD) weretraded during the afternoon.

Seven of the top 30 sharesby market capitalisation and liquidity climbed, pushing the VN30 Indexup 0.47 percent to 456.11 points. Among gainers, insurer Bao VietHoldings (BVH), HAG and financial group Ocean Group (OGC) all hit theceiling price.

Foreign investors were net buyers on bothbourses, picking up combined shares worth more than 32 billion VND (1.5million USD).

Tan Tao Investment Industry (ITA) was stillthe most active share on the southern bourse with 2.2 million shareschanging hands. ITA fell for a fourth straight day, closing 2 percentoff at just 5,000 VND a share.

The HNX-Index on the HaNoi Stock Exchange also rebounded by the end of the day, ending up 1.2percent at 58.11 points on a total value of almost 180 billion VND (8.6million USD).

Advancers outnumbered decliners by 142-63.

PetroVietnam Construction (PVX) was again the most active stock withtotal trades of 4 million shares, closing flat at 5,200 VND a share.-VNA

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