Business

Cash flow boosts local stocks

Benchmark indices soared on January 15, showing improved liquidity on both national bourses.
Benchmark indices soared on January 15, showing improved liquidity on both national bourses.

Onthe Ho Chi Minh City Exchange, the VN-Index increased for the ninthstraight day, finishing at 526.68 points, 0.48 percent higher than theprevious trading.

Liquidity improved, with the total tradingvalue reaching 1.86 trillion VND (88.5 billion USD) on the exchange of127.58 million shares. Cash flowed strongly into the market.

TheVN30-Index, tracking the southern city's 30 largest shares bycapitalisation and liquidity, edged up 0.43 percent to 583.07 points.

Securitiesstocks were active and became the market stimulator. Saigon Securities(SSI) increased by 987 VND per share to reach 20,500 VND. In terms ofliquidity, SSI, with 7.2 million shares traded, only trailed behind TanTao Group (ITA), which had 23 million shares traded.

Othergainers included FPT Group (FPT), Hoa Phat Group (HPG), Hoa Sen Group(HSG), and Masan Group (MSN), as well as Vinamilk (VNM).

AlthoughDa Nang Rubber Corporation (DRC), PetroVietnam General ServicesCorporation (PET), Kinh Do Group (KDC), and Southern Rubber Company(CSM) lost, blue chips remained the market supporter.

Overall, 117 codes on the southern bourse increased, while 83 codes lost.

On the Hanoi Stock Exchange, transactions also boomed, where the HNX-Index jumped 1.4 percent to 72.7 percent.

The HNXFF-Index, comprising stocks with a minimum free float rate of 5 percent, gained 1.23 percent to reach 72.39 points.

Thenorthern bourse's liquidity reached a new high yesterday, with 71.2million shares changing hands for a total trading value of 704 billionVND (33.5 million USD).

Blue chips were also active. The index ofthe 30 largest stocks—the HNX30-Index—strongly increased by 2.19percent to reach 140.93 points.

Vietnam Investment Securitiesforecast the positive trend would continue thanks to foreign buyers andthe early profit-takings of investors.-VNA
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