Indices rise on blue chip gains

A strong performance by blue chips led shares to close higher on April 17 on both of the nation's stock exchanges.
A strong performance by blue chips led shares to close higher on April 17 on both of the nation's stock exchanges.

On the HCM Stock Exchange, the VN-Index closed at 468.26 points, a1.2-percent gain on the day, as advancers outnumbered decliners by228-35.

The value of trades fell from the previoussession's profit-taking attempts on April 13, however, reaching just1.36 trillion VND (64.7 million USD) as the volume of trades dropped26.5 percent to 89.7 million shares.

Of the 30 leadingshares by market capitalisation and liquidity, four retreated, includinginsurer Bao Viet Holdings (BVH), food processor Masan Group (MSN),Sacombank (STB) and Gemadept Logistics (GMD). With 25 other stockstracked by the index gaining, the VN30 Index edged up by 1.3 percent to539.17 points.

Real estate stocks continued to outperformthe market, as they have for a number of recent sessions. HCM CityInfrastructure Investment Co (CII) posted a 34-percent growth in netprofit in the first quarter of the year compared to the same period lastyear, while Thu Duc House (TDH) announced that it would divest fromsome financial projects to concentrate its resources on its coreoperations.

On the Hanoi Stock Exchange, the HNX-Indexrose over 2.5 percent to 80.37 points. Value was essentially unchangedfrom April 13's session, totalling 1 trillion VND (47.6 million USD) on avolume of 91.3 million shares. Gainers outnumbered losers by 256-45.

With nearly 9.5 million changing hands, Habubank (HBB) again became the most-active share nationwide.-VNA

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