Index rises on strong blue chips
The VN-Index closed at 434.60 points on June 29, a gain of 0.53 percent
of the previous day's close, mostly on the strength of gains among a
handful of influential blue-chip shares.
The VN-Index closed at 434.60 points on June 29, a gain of 0.53 percent
of the previous day's close, mostly on the strength of gains among a
handful of influential blue-chip shares.
Shares of insurer Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM), which rose for the first time in the past six sessions, each saw values spike by nearly 4 percent, while shares of financial conglomerate Masan Group (MSN) also gained by 1 percent.
Analysts with Vietcombank Securities said the market was waiting on second-quarter earnings results, so most investors were likely to keep their powder dry for the next few sessions.
On the HCM Stock Exchange on June 29, gainers and decliners were nearly evenly split, while trades were sluggish. Value reached just 65.5 billion VND (22.6 million USD) on a volume of only 25.7 million shares.
Saigon Securities Inc (SSI) became the most-active share on the southern bourse with 1.3 million traded, the only code with a volume in excess of a million shares, SSI closed down for the third day, losing another 1 percent to close at 18,100 VND (0.90 USD).
On the Hanoi Stock Exchange, the HNX-Index also enjoyed a tiny gain of nearly 0.2 percent to close at 74.85 points. Market volume decreased 33 percent to 279 billion VND (13.5 million USD) as 23 million shares changed hands.
Losers outnumbered gainers by 140-95, with Kim Long Securities (KLS) was still the most-active stock nationwide with 3 million shares exchanged, closing down 1.8 percent at 11,100 VND (0.54 USD) per share.
Foreign investors concluded on June 29 as net buyers on both exchanges, picking up a combined 45 billion VND (2.2 million USD) worth of shares./.
Shares of insurer Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM), which rose for the first time in the past six sessions, each saw values spike by nearly 4 percent, while shares of financial conglomerate Masan Group (MSN) also gained by 1 percent.
Analysts with Vietcombank Securities said the market was waiting on second-quarter earnings results, so most investors were likely to keep their powder dry for the next few sessions.
On the HCM Stock Exchange on June 29, gainers and decliners were nearly evenly split, while trades were sluggish. Value reached just 65.5 billion VND (22.6 million USD) on a volume of only 25.7 million shares.
Saigon Securities Inc (SSI) became the most-active share on the southern bourse with 1.3 million traded, the only code with a volume in excess of a million shares, SSI closed down for the third day, losing another 1 percent to close at 18,100 VND (0.90 USD).
On the Hanoi Stock Exchange, the HNX-Index also enjoyed a tiny gain of nearly 0.2 percent to close at 74.85 points. Market volume decreased 33 percent to 279 billion VND (13.5 million USD) as 23 million shares changed hands.
Losers outnumbered gainers by 140-95, with Kim Long Securities (KLS) was still the most-active stock nationwide with 3 million shares exchanged, closing down 1.8 percent at 11,100 VND (0.54 USD) per share.
Foreign investors concluded on June 29 as net buyers on both exchanges, picking up a combined 45 billion VND (2.2 million USD) worth of shares./.
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