Blue chips steady VN-Index
The VN-Index fell from the psychological barrier of 480 points on Jan.
11, but strong gains of some major shares helped forestall further
market declines, with the index only closing slight down 0.64 percent to
close at 477.44.
The VN-Index fell from the psychological barrier of 480 points on Jan.
11, but strong gains of some major shares helped forestall further
market declines, with the index only closing slight down 0.64 percent to
close at 477.44.
Blue-chip gains included Bao Viet Holding (BVH), Masan Group (MSN) and Vinpearl (VPL).
Despite the recent slowdown, VPL reached its ceiling price for the fourth consecutive session and closed at 53,000 VND (2.55 USD) on Jan. 11. It was also the 15th continuous session that VPL retained its gains.
BVH saw a sixth consecutive day of gains and closed up 2 percent at 75,500 VND (3.6 USD). Whereas, MSN rose by 1 percent to close at 76,000 VND on Jan. 11, a slight decrease on its value at the previous session.
An analyst from the Tan Viet Securities Co, who wanted to remain anonymous, said that the rising prices of these shares could be attributed to their good business performance, but it was not easy to explain why their prices had continuously increased as investors still remained uncertain about the state of the market.
In contrast, prices of many shares fell, including leading blue-chips such as Eximbank (EIB), Phu My Fertiliser (DPM), Hoang Anh Gia Lai (HAG), and Tan Tao Industrial Zone (ITA). Losers outnumbered gainers 203 to 43, while 28 remained steady.
However, trading volume stood at about 35.4 million, worth 817.2 billion VND (38.8 million USD), slightly up on the previous session.
"Shortage of information was the main reason for the slowdown in the market. Investors should be cautious as a slide on local and international markets could happen, triggered by events such as the EU public debt crisis, or tension on the Korean peninsula," reported the PetroVietnam Securities Incorporated.
Foreign investors become net buyers on Jan. 11, buying more than 9.2 million shares and selling 4.8 million.
The HN-Index also lost 2.52 percent to close at 104.76. Trading volume also equalled the previous session at 31.4 million, worth 564.5 billion VND (26.9 million USD).
The number of decliners was roughly five times higher than the number of advancers, 245 to 55, while 70 remained unchanged./.
Blue-chip gains included Bao Viet Holding (BVH), Masan Group (MSN) and Vinpearl (VPL).
Despite the recent slowdown, VPL reached its ceiling price for the fourth consecutive session and closed at 53,000 VND (2.55 USD) on Jan. 11. It was also the 15th continuous session that VPL retained its gains.
BVH saw a sixth consecutive day of gains and closed up 2 percent at 75,500 VND (3.6 USD). Whereas, MSN rose by 1 percent to close at 76,000 VND on Jan. 11, a slight decrease on its value at the previous session.
An analyst from the Tan Viet Securities Co, who wanted to remain anonymous, said that the rising prices of these shares could be attributed to their good business performance, but it was not easy to explain why their prices had continuously increased as investors still remained uncertain about the state of the market.
In contrast, prices of many shares fell, including leading blue-chips such as Eximbank (EIB), Phu My Fertiliser (DPM), Hoang Anh Gia Lai (HAG), and Tan Tao Industrial Zone (ITA). Losers outnumbered gainers 203 to 43, while 28 remained steady.
However, trading volume stood at about 35.4 million, worth 817.2 billion VND (38.8 million USD), slightly up on the previous session.
"Shortage of information was the main reason for the slowdown in the market. Investors should be cautious as a slide on local and international markets could happen, triggered by events such as the EU public debt crisis, or tension on the Korean peninsula," reported the PetroVietnam Securities Incorporated.
Foreign investors become net buyers on Jan. 11, buying more than 9.2 million shares and selling 4.8 million.
The HN-Index also lost 2.52 percent to close at 104.76. Trading volume also equalled the previous session at 31.4 million, worth 564.5 billion VND (26.9 million USD).
The number of decliners was roughly five times higher than the number of advancers, 245 to 55, while 70 remained unchanged./.
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