Foreigner buying saves VN-Index

Foreigners buying blue chips helped the VN-Index, HCM City, rise 0.85 percent to 434.48 points on Nov. 24’s trading session.
Foreigners buying blue chips helped the VN-Index, HCM City, rise 0.85 percent to 434.48 points on Nov. 24’s trading session.

The value of trades was 604.3 billion VND (28.8 million USD) and volume totalled 31 million shares.

The foreign investors bought 90,740 of the 101,640 shares of Bao Viet Holdings traded in the session.

They also bought 90,740 of the 95,070 shares in software producer FPT Corp (FPT) traded.

Blue chips to rally were BVH, up 2,500 VND; FPT, up 1,000 VND; steel producer Hoa Phat Group (HPG), up 200 VND; Masan Group (MSN), up 1,000 VND; PetroVietnam Finance (PVF), up 1,000 VND and Sacombank (STB) and Eximbank (EIB), up 100 VND.

VietinBank (CTG) and Hoang Anh Gia Lai (HAG) were among the blue chips to fall.

Seventeen-stocks matched their ceiling price and nine fell to their floor prices.

In Hanoi , the HNX-Index fell 0.03 per cent to 99.02 points.

Volume was higher than the Nov. 23 trading session with 30.2 million shares worth 513.7 billion VND (24.5 million USD) traded.

Four of the 10 most capitalised stocks advanced.

Asia Commercial Bank (ACB) was up 200 VND; Ocean Hospitality Services (OCH), up 100 VND; PetroVietnam Insurance (PVI), up 600 VND and Sai Gon-Quy Nhon Mining Co (SQC), up 200 VND.

Twenty-one stocks fell to their floor price with the number matching the ceiling prices was just eight/.

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