Energy shares boost bourses despite low liquidity
At the Ho Chi Minh City Stock
Exchange, the VN-Index increased by 0.25 percent and closed at 569.43
points. Trading value decreased by 21.7 percent over December 1’s level
to 1.8 trillion VND (84.5 million USD), as trading volume reached 101.6
million shares.
The VN30 Index, which tracks the
performance of the top 30 shares in liquidity and value, saw a
0.14-percent fall to 613.57 points.
Among the blue
chips, eight managed to post gains while 11 tumbled, with rubber
companies Casumina and Da Nang Rubber (DRC), private equity group
Masan and Sacombank (STB) slumping the most.
DRC, STB
and Vinh Son-Song Hinh Hydropower (VSH) are expected to be removed from
the FTSE Vietnam UCITS ETF's portfolio while Saigon Securities Inc (SSI)
will possibly be added. VSH closed unchanged while SSI jumped by one
percent.
At the Hanoi Stock Exchange, the HNX-Index
likewise rallied by 0.47 percent to 87.85 points after losing ground on
December 1.
Both trading value and volume decreased over
the previous session to stand at 735.7 billion VND (34.5 million USD)
and nearly 52.8 million shares.
The HNX30 Index, which
tracks the northern bourse's 30 largest stocks by value and liquidity,
added 0.57 percent to reach 175.46 points.
Foreign
investors' selling activities were relatively intensive in recent
trading days. On December 2, they sold a net of 96.5 billion VND (4.5
million USD) in HCM City .
Notably, the net selling
value on property developer Hoang Anh Gia Lai (HAG) reached more than
100 billion VND (4.7 million USD). HAG ended the session lower by 0.8
percent.
Meanwhile, foreign investors concluded as net buyers in Hanoi by a modest margin of 12.8 billion VND (600,900 USD).-VNA