Business

Shares up as manufacturing brightens

Green returned to the electronic board on both exchanges on December 1, following the light of the manufacturing sector.
Green returned to the electronic board on both exchanges on December 1, following the light of the manufacturing sector.

HSBCVietnam announced on December 1 that the Vietnam ManufacturingPurchasing Managers' Index regained momentum in November, rising 1.1points to 52.1 as output and new orders rose at faster rates.

Onthe Hochiminh Stock Exchange, the VN-Index added 0.25 percent to 568.01points. The VN30 Index, tracking the 30 largest blue chips, alsoadvanced 0.54 percent to 614.44 points.

Gainers overwhelmedlosers 16 to 10. Insurer Bao Viet (BVH), Phu My Fertiliser (DPM) andEximbank (EIB) were among the top advancers, rising between 3.6-5.1percent.

Commercial baker Kinh Do (KDC) tumbled the most, losing3.8 percent. The confectionery company told shareholders on November 1that it would focus on expanding size rather than profit during the nextcouple of years.

The total value and volume of transactions onthe bourse reached 2.2 trillion VND (103.28 million USD) and over 123.8million shares.

On the Hanoi Stock Exchange, the HNX-Index failedto maintain its earlier increase and declined 0.14 percent, closing at87.45 points. The HNX30 Index fell 0.42 percent, finishing the sessionat 174.46 points.

Trading value slightly decreased over theprevious session to 943.7 billion VND (44.3 million USD) on a volume of59.1 million shares.

Foreign investors concluded as sellers inboth cities, unloading 157.5 billion VND (7.4 million USD) worth ofshares. Selling focused on two energy stocks: PetroVietnam DrillingServices (PVD) and PetroVietnam Technical Services (PVS). Net sales ofPVD totalled 85.7 billion VND (4 million USD), while PVS saw a recordvalue within the past 50 sessions of 47.2 billion VND (2.2 million USD).-VNA
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