Market gains on improved liquidity
Benchmark indices on both the national stock exchanges posted gains March 11 for five consecutive days with improved liquidity.
Benchmark indices on both the national stock exchanges posted gains March 11 for five consecutive days with improved liquidity.
The trading value on both the bourses totalled more than 3.5 trillion VND (166.7 million USD) on March 11, up roughly 26 percent.
Despite some fluctuations in early morning trading, the VN-Index on the Ho Chi Minh City Stock Exchange, managed to add 4.81 points closing the day at 588.5 points, or an increase of nearly 0.82 percent.
Gains by major stocks supported the recovery of the benchmark index on March 11, as it steadily advanced in the morning trading session.
A total of nearly 162.5 million shares were traded on the southern bourse on March 11 with the trading value reaching 2.5 trillion VND (119 million USD).
With gains registered by 19 blue chips on the VN30 Index, which tracks the 30 largest shares by capitalisation and liquidity, the VN30-Index soared 0.89 percent to reach 666.61 points.
Technology giant FPT Corporation (FPT) gained 5.5 percent on March 11 to close at 67,000 VND (3.19 USD) per share after touching its ceiling price of 67,500 VND.
Saigon Securities on March 10 forecast this year's turnover and net profit of FPT to respectively increase by 13 and 14 percent, adding that in the short term, FPT shares will remain bullish following the regulation about increasing room for foreign investors.
After reaching the ceiling price on March 10, Tan Tao Group (ITA) posted a gain of 2.3 percent to close at 8,900 VND (0.42 USD) per share and continued to lead the southern bourse in liquidity with 9.45 million shares being successfully traded.
Other huge gainers included insurance company Bao Viet Group (BVH), Hoa Phat Group (HPG), Hoa Sen Group (HSG), and PetroVietnam Drilling Corporation (PVD). The logistics company Gemadept Corporation (GMD) and Kinh Do (KDC) also registered gains.
Among the blue chips, eight codes lost value on March 11.
Penny cap stocks maintained their growth on March 11 with many codes of the mining sectors reaching their ceiling prices.
Overall, on the southern bourse, there were 133 gainers and 97 losers.
However, the market highlight was on the Hanoi Exchange with the HNX-Index setting a 10-month high and record liquidity.
The HNX-Index added 0.83 points, or 1.01 percent, to end at 83.64 points, while the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, closed at 83.52 points with a gain of 0.81 percent.
The trading value of the capital city's bourse totalled 1.11 trillion VND (52.8 million USD), only lower than the record liquidity recorded during the historic trading session on February 20, on the exchange of more than 116 million shares.
Tracking the top stocks by capitalisation and liquidity, the HNX30-Index ended at 167.13 points or 0.73 percent higher.
A record number of 20.4 million shares of the PetroVietnam Construction Joint Stock Corporation were traded on March 11, boosting the stock to increase 8.51 percent of its ceiling price.
However, the foreign investors continued their net selling on March 11 with easing net value over the previous sessions.-VNA
The trading value on both the bourses totalled more than 3.5 trillion VND (166.7 million USD) on March 11, up roughly 26 percent.
Despite some fluctuations in early morning trading, the VN-Index on the Ho Chi Minh City Stock Exchange, managed to add 4.81 points closing the day at 588.5 points, or an increase of nearly 0.82 percent.
Gains by major stocks supported the recovery of the benchmark index on March 11, as it steadily advanced in the morning trading session.
A total of nearly 162.5 million shares were traded on the southern bourse on March 11 with the trading value reaching 2.5 trillion VND (119 million USD).
With gains registered by 19 blue chips on the VN30 Index, which tracks the 30 largest shares by capitalisation and liquidity, the VN30-Index soared 0.89 percent to reach 666.61 points.
Technology giant FPT Corporation (FPT) gained 5.5 percent on March 11 to close at 67,000 VND (3.19 USD) per share after touching its ceiling price of 67,500 VND.
Saigon Securities on March 10 forecast this year's turnover and net profit of FPT to respectively increase by 13 and 14 percent, adding that in the short term, FPT shares will remain bullish following the regulation about increasing room for foreign investors.
After reaching the ceiling price on March 10, Tan Tao Group (ITA) posted a gain of 2.3 percent to close at 8,900 VND (0.42 USD) per share and continued to lead the southern bourse in liquidity with 9.45 million shares being successfully traded.
Other huge gainers included insurance company Bao Viet Group (BVH), Hoa Phat Group (HPG), Hoa Sen Group (HSG), and PetroVietnam Drilling Corporation (PVD). The logistics company Gemadept Corporation (GMD) and Kinh Do (KDC) also registered gains.
Among the blue chips, eight codes lost value on March 11.
Penny cap stocks maintained their growth on March 11 with many codes of the mining sectors reaching their ceiling prices.
Overall, on the southern bourse, there were 133 gainers and 97 losers.
However, the market highlight was on the Hanoi Exchange with the HNX-Index setting a 10-month high and record liquidity.
The HNX-Index added 0.83 points, or 1.01 percent, to end at 83.64 points, while the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, closed at 83.52 points with a gain of 0.81 percent.
The trading value of the capital city's bourse totalled 1.11 trillion VND (52.8 million USD), only lower than the record liquidity recorded during the historic trading session on February 20, on the exchange of more than 116 million shares.
Tracking the top stocks by capitalisation and liquidity, the HNX30-Index ended at 167.13 points or 0.73 percent higher.
A record number of 20.4 million shares of the PetroVietnam Construction Joint Stock Corporation were traded on March 11, boosting the stock to increase 8.51 percent of its ceiling price.
However, the foreign investors continued their net selling on March 11 with easing net value over the previous sessions.-VNA
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