Property shares prop up markets
Real estate stocks jumped on March 14 following the State Bank of
Vietnam's announcement of the draft decree offering on loans for
low-income earners to buy houses.
Real estate stocks jumped on March 14 following the State Bank of
Vietnam's announcement of the draft decree offering on loans for
low-income earners to buy houses.
However, trading was still sluggish on both stock exchanges.
According to the decree, expected to come into force from April 15, low-income earners can apply for loans at a preferential interest rate of just 6 percent per year for the period of three years.
Around 30 trillion VND (1.43 billion USD) will be provided in support for the program, which will be disbursed until 2016.
Thu Duc Housing Development (TDH) and An Duong Thao Dien JSC (HAR) and Binh Chanh Construction Investment hit their ceiling prices while Tan Tao Investment Industry (ITA), Licogi 16 (LCG), Hoang Quan Corp (HQC) and Kinh Bac City Development (KBC) all gained between 2.7-4 percent.
However, Vietinbank (CTG) was the most active code on March 14 on the HCM City bourse with trades of 5.2 million shares.
On the HCM Exchange, the benchmark VN-Index increased 0.3 percent on late buying to finish March 14’s session at 474.60 points.
Trading value declined slightly from a day earlier, totalling 726.4 billion VND (34.6 million USD) on a volume of 46.7 million shares.
The VN30 tracking the top 30 shares on the southern bourse was also higher at 546.15 points.
Meanwhile, on the Hanoi bourse, the HNX-Index climbed 0.62 percent to 61.81 points with the trading value reaching 316.6 billion VND (14.9 million USD).
Two property shares, Sacomreal (SCR) and PetroVietnam Construction (PVX), led trades here with 7 million shares and 6.3 million shares changing hands, respectively.
SCR rose 2.4 percent to 8,500 VND a share while PVX edged up 3.5 percent to 5,900 VND each.-VNA
However, trading was still sluggish on both stock exchanges.
According to the decree, expected to come into force from April 15, low-income earners can apply for loans at a preferential interest rate of just 6 percent per year for the period of three years.
Around 30 trillion VND (1.43 billion USD) will be provided in support for the program, which will be disbursed until 2016.
Thu Duc Housing Development (TDH) and An Duong Thao Dien JSC (HAR) and Binh Chanh Construction Investment hit their ceiling prices while Tan Tao Investment Industry (ITA), Licogi 16 (LCG), Hoang Quan Corp (HQC) and Kinh Bac City Development (KBC) all gained between 2.7-4 percent.
However, Vietinbank (CTG) was the most active code on March 14 on the HCM City bourse with trades of 5.2 million shares.
On the HCM Exchange, the benchmark VN-Index increased 0.3 percent on late buying to finish March 14’s session at 474.60 points.
Trading value declined slightly from a day earlier, totalling 726.4 billion VND (34.6 million USD) on a volume of 46.7 million shares.
The VN30 tracking the top 30 shares on the southern bourse was also higher at 546.15 points.
Meanwhile, on the Hanoi bourse, the HNX-Index climbed 0.62 percent to 61.81 points with the trading value reaching 316.6 billion VND (14.9 million USD).
Two property shares, Sacomreal (SCR) and PetroVietnam Construction (PVX), led trades here with 7 million shares and 6.3 million shares changing hands, respectively.
SCR rose 2.4 percent to 8,500 VND a share while PVX edged up 3.5 percent to 5,900 VND each.-VNA
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