Markets end mixed, City extends rally
Shares on March 12 managed to maintain the upward trend for the sixth
trading day on the Ho Chi Minh City Exchange with high liquidity while
tumbling on the Hanoi Exchange.
Shares on March 12 managed to maintain the upward trend for the sixth
trading day on the Ho Chi Minh City Exchange with high liquidity while
tumbling on the Hanoi Exchange.
The VN-Index edged up 0.26 percent to end the day at 590.02 points, although decliners overwhelmed advancers by 143-98.
The trading value on the southern bourse reached 3.08 trillion VND (146.7 million USD), rising 23 percent over the previous day's closing, and more than 177.8 million shares were traded during the day.
The VN-Index even reached 596 points in the early afternoon trading, but its rise was halted due to strong profit booking selling pressure and closed higher than March 12.
Although half of the blue chips in the VN30-Index package lost value on March 12, the index closed up 0.34 percent at 663.84 points, thanks to the huge gains registered by 13 blue chips.
Vingroup increased 2,000 VND (0.097 USD) per share, Vinamilk (VNM) closed up 1,000 VND (0.047 USD), Hoa Phat rose 1,600 VND (0.076 USD), and Bao Viet Group (BVH) and HCM City Infrastructure Investment Corporation (CII) both gained 1,200 VND (0.057 USD) per share.
Technology FTP Group (FPT) ended 500 VND (0.023 USD) per share on March 12 on news that the company will offer dividends to its shareholders.
Those blue chips supported the benchmark indices to gain on March 12, against losses registered by banking stocks.
Vietinbank (CTG), Eximbank (EIB), Military Bank (MBB), and Sacombank (STB) all closed in the red on March 12. Vietcombank (VCB) also closed in the red.
Shares of the Hoa Sen Group (HSG) dropped 2.6 percent on March 12 after its chairman sold 24 million HSG shares out of the nearly 43 million shares of his holdings.
According to FPT Securities, the gain on March 12 on the southern bourse was unstable when the selling pressure for profit-taking was seen to intensify in many stock groups.
On the northern bourse, the HNX-Index slid 0.56 percent to finish at 83.17 points, while the HNXFF-Index, composed of stocks with a minimum free-float rate of 5 percent, dropped 0.59 percent, or as much as 0.71 percent, to end at 82.92 points.
Liquidity declined as compared to March 11, with more than 87 million shares changing hands with a total value of 890 billion VND (42.38 million USD).
Tracking the capital city's 30 largest shares by capitalisation and liquidity, the HNX30-Index ended at 166.19 points with a loss of 0.57 percent.
PetroVietnam Construction Joint Stock Corporation (PVX) decreased 2 percent to 5,000 VND (0.23 USD) after the announcement on the withdrawal of capitals out of its listed members, but still lead by capitalisation with about 10 million shares traded on March 12.
After being net sellers for seven consecutive trading days, foreign investors concluded as net buyers on the HCM City Exchange on March 12 with a net value of 45.72 billion VND (2.17 million USD).
The HCM City Exchange on March 12 announced that the Vinaland Invest Corporation (VNI) will not be a part of the VNSmallcap package as the stock had been put under control since last April.
Seven years ago, the VN-Index had set a record of 1170.67 points on March 12, 2007.-VNA
The VN-Index edged up 0.26 percent to end the day at 590.02 points, although decliners overwhelmed advancers by 143-98.
The trading value on the southern bourse reached 3.08 trillion VND (146.7 million USD), rising 23 percent over the previous day's closing, and more than 177.8 million shares were traded during the day.
The VN-Index even reached 596 points in the early afternoon trading, but its rise was halted due to strong profit booking selling pressure and closed higher than March 12.
Although half of the blue chips in the VN30-Index package lost value on March 12, the index closed up 0.34 percent at 663.84 points, thanks to the huge gains registered by 13 blue chips.
Vingroup increased 2,000 VND (0.097 USD) per share, Vinamilk (VNM) closed up 1,000 VND (0.047 USD), Hoa Phat rose 1,600 VND (0.076 USD), and Bao Viet Group (BVH) and HCM City Infrastructure Investment Corporation (CII) both gained 1,200 VND (0.057 USD) per share.
Technology FTP Group (FPT) ended 500 VND (0.023 USD) per share on March 12 on news that the company will offer dividends to its shareholders.
Those blue chips supported the benchmark indices to gain on March 12, against losses registered by banking stocks.
Vietinbank (CTG), Eximbank (EIB), Military Bank (MBB), and Sacombank (STB) all closed in the red on March 12. Vietcombank (VCB) also closed in the red.
Shares of the Hoa Sen Group (HSG) dropped 2.6 percent on March 12 after its chairman sold 24 million HSG shares out of the nearly 43 million shares of his holdings.
According to FPT Securities, the gain on March 12 on the southern bourse was unstable when the selling pressure for profit-taking was seen to intensify in many stock groups.
On the northern bourse, the HNX-Index slid 0.56 percent to finish at 83.17 points, while the HNXFF-Index, composed of stocks with a minimum free-float rate of 5 percent, dropped 0.59 percent, or as much as 0.71 percent, to end at 82.92 points.
Liquidity declined as compared to March 11, with more than 87 million shares changing hands with a total value of 890 billion VND (42.38 million USD).
Tracking the capital city's 30 largest shares by capitalisation and liquidity, the HNX30-Index ended at 166.19 points with a loss of 0.57 percent.
PetroVietnam Construction Joint Stock Corporation (PVX) decreased 2 percent to 5,000 VND (0.23 USD) after the announcement on the withdrawal of capitals out of its listed members, but still lead by capitalisation with about 10 million shares traded on March 12.
After being net sellers for seven consecutive trading days, foreign investors concluded as net buyers on the HCM City Exchange on March 12 with a net value of 45.72 billion VND (2.17 million USD).
The HCM City Exchange on March 12 announced that the Vinaland Invest Corporation (VNI) will not be a part of the VNSmallcap package as the stock had been put under control since last April.
Seven years ago, the VN-Index had set a record of 1170.67 points on March 12, 2007.-VNA
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