Shares put positive end to the week

Shares advanced on both national stock exchanges on December 6, following slight losses on the previous day. However, overall liquidity declined.
Shares advanced on both national stock exchanges on December 6, following slight losses on the previous day. However, overall liquidity declined.

The VN-Index on HCM City Stock Exchange gained 0.02 percent to 510.12 points thanks to the support of blue chips.

According to FPT Securities, the benchmark index will continue to fluctuate with a narrow amplitude of around 510 points.

Meanwhile, total trading value touched 1.085 trillion VND (51.66 million USD), 21 percent lower than December 5’s trading session, on trading of 78.63 million shares, a decline of 24 percent in trading volume.

The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, jumped 0.16 percent to 570.11 points.

Also, gainers overwhelmed losers 12-9.

Losers included big names such as Vinamilk (VNM), which lost 1,000 VND (0.049 USD), Masan Group (MSN), which lost 500 VND (0.023 USD) and PetroVietnam General Services (PET), which closed 200 VND (0.0098 USD) lower per share.

Technology company FPT Group (FPT), Hoa Phat Group (HPG), Kinh Do (KDC), Ocean Group (OCG), PetroVietnam Low Pressure Gas Distribution (PGD), Hoang Anh Gia Lai (HAG) and PetroVietnam Transportation (PVT) each dropped by 100 VND (0.0049 USD) per share.

However, the benchmark index received support from Southern Rubber Company (CSM), which was 2.6 percent higher to 35,600 VND (1.69 USD) per share, Pha Lai Thermoelectric Plant (PPC), Ree Corporation (REE), Hoa Sen Group (HSG) and Gemardept (GMD).

Also, cash flow this week shifted targets from speculative stocks to VN30's stocks.

On the Hanoi Exchange, the HNX-Index finished the day at 66.09 points, down 0.03 percent.

However, the HNXFF, which is composed of stocks with minimum free float rates of 5 percent, witnessed its first decline yesterday since launching at the beginning of the week. The index was 0.03 percent lower at 66.17 points.

The VN30-Index, comprised of the city's largest shares, also tumbled 0.33 percent to 124.95 points.-VNA

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