Business

Brokerage shares lift Hanoi stock exchange

A decline in blue chips sent the HCM Stock Exchange into negative territory on July 14, while a rally in listed securities companies helped shares on the Hanoi bourse.
A decline in blue chips sent the HCM Stock Exchange into negativeterritory on July 14, while a rally in listed securities companieshelped shares on the Hanoi bourse.

On the HCMCity exchange, the VN-Index lost 0.34 percent to close the session at507.34 points. Market volume continued to rise by 13 percent fromTuesday's level to 52.5 million shares, worth a combined nearly 1.6trillion VND (83.6 million USD).

Losers outnumberedgainers by 149-61, with Sacombank (STB) continuing as the most-activeshare on a volume of nearly 3 million.

Major declinersincluded Vietcombank (VCB), with a loss of 3.24 percent; Song Da Urbanand Industrial Zone Investment and Development (SJS), down 1.87 percent;software giant FPT, with a loss of 1.43 percent on the day; Tu LiemUrban Development (NTL), down 1.22 percent; and Vietinbank (CTG), off1.14 percent.

On the Hanoi Stock Exchange, the HNX-Indexclosed up 0.32 percent to 162.42 points, widening its five-day gains to4.73 percent. Trading volume increased by 26 percent over today's levelto 52 million shares, worth a total of 1.47 trillion VND (77.4 millionUSD).

An impressive surge by shares of securitiescompanies resulted in the rising index. Kim Long Securities Co (KLS)climbed by 6.56 percent to close at 19,500 VND (1.03 USD) and was themost heavily-traded share nationwide, with a whopping 9 million traded.Sai Gon Hanoi Securities (SHS), Bao Viet Securities (BVS), VNDirectSecurities (VND) and Orient Securities (ORS) all also posted gains.

Saigon Securities Inc (SSI) was the most sought-after share byforeign investors, who snapped up a net of 361,000 SSI shares.

Foreign investors currently hold nearly 46 percent of SSI shares./.
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