Blue chips lead modest rebound
A rebound driven by many
blue 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 than
703.9 billion VND (33.5 million USD), changed hands, up 80 percent in
value over the previous session. However, half of total value was traded
through negotiations, led by whopping trades of shares in the two
property 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) were
traded during the afternoon.
Seven of the top 30 shares
by market capitalisation and liquidity climbed, pushing the VN30 Index
up 0.47 percent to 456.11 points. Among gainers, insurer Bao Viet
Holdings (BVH), HAG and financial group Ocean Group (OGC) all hit the
ceiling price.
Foreign investors were net buyers on both
bourses, picking up combined shares worth more than 32 billion VND (1.5
million USD).
Tan Tao Investment Industry (ITA) was still
the most active share on the southern bourse with 2.2 million shares
changing hands. ITA fell for a fourth straight day, closing 2 percent
off at just 5,000 VND a share.
The HNX-Index on the Ha
Noi Stock Exchange also rebounded by the end of the day, ending up 1.2
percent at 58.11 points on a total value of almost 180 billion VND (8.6
million USD).
Advancers outnumbered decliners by 142-63.
PetroVietnam Construction (PVX) was again the most active stock with
total trades of 4 million shares, closing flat at 5,200 VND a share.-VNA