Shares halt plunge on both bourses

Shares gained on Nov. 22 on both of the nation’s stock exchanges, halting a long period of declines.

November 23, 2011 at 04:27:47

Shares gained on Nov. 22 on both of the nation’s stock exchanges, halting a long period of declines.

On the HCM Stock Exchange, the VN-Index added 0.7 percent to close at381.76 points. The value of trades improved by 45.2 percent over Nov.21’s level, reaching a total of 474.5 billion VND (22.3 million USD), asmarket volume rose by 52.4 percent to 32.3 million shares.

Advancers outnumbered decliners by 126-88, with blue chips leading thecharge. Insurer Bao Viet Holdings (BVH) hit its ceiling price of 59,500VND (2.80 USD) per share, supported by a gross profit of over 1 trillionVND (47 million USD) in the first nine months of the year – a 2.3percent increase over the same period last year. The company’s totalassets as of September 30 reached 45.26 trillion VND (2.1 billion USD), arise of 6.2 percent.

Most large-cap shares on Nov. 22managed gains of around 0.6-3.2 percent, with food processor. Masan(MSN) retreating by 0.9 percent. Sacombank (STB) was the most-activeshare with nearly 3.1 million traded.

On the Hanoi StockExchange, the HNX-Index advanced by a mere 0.1 percent, closingessentially unchanged at 61.74 points. The value of trades jumped 33.7percent to 217.5 billion VND (10.2 million USD) on a volume of 23.2million shares. However, losers outnumbered gainers by 133-78.

Foreign investors were net buyers on both exchanges by a combinedmargin of 46.8 billion VND (2.2 million USD), favouring shares of solfware giant FPT and real estate developer Cotec (CLG) in HCM Cityand Kim Long Securities Co (KLS) on the northern exchange./.

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