Business

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 endof Aug. 13's session after closing lower in the morning, with theafternoon's gains driven by blue chip rises.

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

Bluechips 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) isstill the most active share, sinking 4.3 percent to 8,900 VND (0.42USD) a share.

Meanwhile, shares on the Hanoi StockExchange remained in the red by the end of the afternoon's session, withlosers overwhelming gainers by 127-69. The HNX-Index fell 0.54 percentto 69.96 points on a total turnover of 308.4 billion VND (14.7 millionUSD).

Habubank (HBB) is still the most active code on theHanoi bourse on Aug. 13 but demand for the shares decreasedsubstantially from nearly 12 million shares traded on Aug. 18 to just3.5 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 theshares will be swapped for shares of Sai Gon-Hanoi Bank (SHB) by August28. Investors holding HBB shares now will have to wait until September29 to be able to trade these shares.


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