Business

Q3 results boost national indices

Vietnamese stocks managed to rally on Oct. 3, with markets seeing improved trading values after a four-day decline.
Vietnamese stocks managed to rally on Oct. 3, with markets seeing improved trading values after a four-day decline.

In the absence of other supporting information, investors kept their eyes on third-quarter earnings, with Viet Dragon Securities Co analysts pointing to a few productive companies, including Vinamilk (VNM), steelmakers Hoa Phat (HPG) and Hoa Sen (HSG), food processor Bourbon Tay Ninh (SBT), Da Nang Rubber Co (DRC), HCM City Securities Co (HCM) and PetroVietnam Technical Services Co (PVS).

On the HCM City Stock Exchange, the VN-Index closed up 0.27 percent to 385.37 points, with more than half of listed stocks adding value. Over 36.5 million shares changed hands, with a total value of 567.6 billion VND (15.3 million USD) – an increase of 58.7 percent over the previous day's level.

About two-thirds of the 30 leading shares tracked by the VN30 Index rose, including insurer Bao Viet Holdings (BVH), which closed up by 2.7 percent, and real estate developer Hoang Anh Gia Lai (HAG), which gained 3 percent.

The VN30 advanced by 0.33 percent to 450.44 points.On the Hanoi Stock Exchange, HNX-Index also saw a modest rally, adding 0.46 percent on the day to conclude the session at 54.19 points.

Although the value of trades improved, it remained low at just 143.8 billion VND (6.8 million USD). Volume was a meagre 20.8 million shares.The HNX30 Index, tracking the 30 leading shares on the Hanoi market by capitalisation and liquidity, close up by 1.16 percent to 100.71 points.

Foreign investors concluded the day as sellers on both exchanges by a combined margin of 19.6 billion VND (900,000 USD)./.
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