HCM City stocks gain ground

The benchmark VN-Index on the HCM Stock Exchange added value by the end of Aug. 13's session after closing lower in the morning, with the afternoon's gains driven by blue chip rises.
The benchmark VN-Index on the HCM Stock Exchange added value by the end of Aug. 13's session after closing lower in the morning, with the afternoon's gains driven by blue chip rises.

The VN-Index recouped 0.14 percent, closing the day at 426.17 points, with the value of trades totalling nearly 451 billion VND (21.5 million USD), down 37 percent from the previous session's level on Aug. 10.

Blue chips gained ground although decliners doubled advancers overall. Shares tracked by the VN30 climbed 0.47 percent to nearly 509 points, led by dairy giant Vinamilk (VNM), Eximbank (EIB) and the Military Bank (EIB) with an average increase of 2 percent for each code.

With over 2 million shares traded, Tay Bac Minerals Investment (KTB) is still the most active share, sinking 4.3 percent to 8,900 VND (0.42 USD) a share.

Meanwhile, shares on the Hanoi Stock Exchange remained in the red by the end of the afternoon's session, with losers overwhelming gainers by 127-69. The HNX-Index fell 0.54 percent to 69.96 points on a total turnover of 308.4 billion VND (14.7 million USD).

Habubank (HBB) is still the most active code on the Hanoi bourse on Aug. 13 but demand for the shares decreased substantially from nearly 12 million shares traded on Aug. 18 to just 3.5 million shares. HBB closed flat at 5,100 VND (0.24 USD) a share.

HBB will be delisted from the Hanoi 's exchange on August 17 and the shares will be swapped for shares of Sai Gon-Hanoi Bank (SHB) by August 28. Investors holding HBB shares now will have to wait until September 29 to be able to trade these shares.


Foreign investors concluded the day as net buyers on both exchanges, picking up combined shares worth over 21 billion VND (1 million USD).-VNA

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