Shares rise on solid economic data

The VN-Index opened a new week on a positive note by closing up on June 21 by 0.7 percent to a one-month high of 514.75 points, as investors began to become more confident in supporting economic data and a looming uptrend in the market.
The VN-Index opened a new week on a positive note by closing up on June 21 by 0.7 percent to a one-month high of 514.75 points, as investors began to become more confident in supporting economic data and a looming uptrend in the market.

Trading volume on the HCM City Stock Exchange fell by 23.5 percent from the previous session total, however, reaching 48.25 million shares, worth a combined 1.47 trillion VND (78.2 million USD). Gainers outnumbered losers by 134-62, with Viet Nam Tanker Co (VTO) jumping into the position as the most-active share on the bourse with nearly 1.9 million share traded.

Many penny stocks – mostly transportation shares – rose to their ceiling prices in the final minutes of the day's session, including VTO, PetroVietnam Transportation Co (PVT), Dong Do Marine Co (DDM), Marine Supply and Engineering Service Co (MAC), Sai Gon Maritime Co (SHC) and Southern Vietnam Container Shipping Co (VSG).

A majority of blue chips also posted gains, with foreign investors snapping up 300,000 shares out of over 340,000 shares of Hoang Anh Gia Lai Co (HAG) traded during the day. HAG rose 0.6 percent on the day to close at 83,000 VND (4.40 USD) per share.

The HCM City bourse on June 21 also saw three new listings, with shares of Ca Mau Trading Co (CMV) leaping by 20 percent – the daily limit for a new listing – to close at 36,000 VND (1.90 USD), with 16,000 shares traded.

On the Hanoi Stock Exchange yesterday, the HNX-Index also rose by 0.4 percent to close at 164.01. Trading volume totalled 43.2 million shares worth a combined 1.38 trillion VND (73 million USD).

Advancers outnumbered decliners by 199-67, with PetroVietnam Construction (PVX) still the most heavily-traded share nationwide on a volume of nearly 4.5 million.

The Hanoi market also saw the addition of its 300th listed share, PetroVietnam Premier Recreation Co (PVR). PVR closed at 27,600 VND (1.46 USD) on a volume of nearly 1.2 million shares.

Foreign investors were net buyers on the HCM City market on the day, responsible for a net buy of 1 million shares worth 75 billion VND (3.97 million USD). They were still net sellers on the Hanoi market, however, to the tune of 2.3 billion VND (121,693 USD) worth of shares./.

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