Negotiated trades cushion fall

Active negotiated trades helped ease the decline of shares on Nov. 17 on the HCM Stock Exchange, as the VN-Index closed off just 0.33 percent to 425.5 points.
Active negotiated trades helped ease the decline of shares on Nov. 17 on the HCM Stock Exchange, as the VN-Index closed off just 0.33 percent to 425.5 points.

The value of negotiated trades reached 450.7 billion VND (21.5 million USD), accounting for half of the total 980.2 billion VND (46.7 million USD) trading value for the session.

The overall volume of trades reached 36 million shares, with many blue chips also seeing increased activity, including software giant FPT, dairy producer Vinamilk (VNM), Sacombank (STB) and Refrigeration, Engineering and Electrical (REE).

On the Hanoi Stock Exchange, the HNX-Index managed to avoid losses altogether, closing up by 0.3 percent to 97.73 points.

The volume of trades on the northern bourse edged up to 30.2 million shares, worth a total of 500.9 billion VND (23.9 million USD). PetroVietnam Construction (PVX) was the most-active share, with 2.9 million traded.

BIDV Securities Co sold all 10.1 million shares offered in an auction on the Hanoi exchange on Nov.17, with the average winning price per share of 10,317 VND, a little higher than the offer price of 10,300 VND.

The company earned 105.2 billion VND (5 million USD) from the auction, which attracted 255 investors, including two institutional investors. Foreign investors bought 442,266 shares.

On the HCM Stock Exchange, PetroVietnam Gas Corporation (PVGas) also successfully auctioned 60.9 million out of 94.7 million shares offered in auction on the day. The average winning price matched the offer price of 31,000 VND per share./.

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