VN-Index up on November 6
Shares closed November 6’s trading on a positive note following last week’s gains thanks to expansion of large-cap stocks.
Investors follow transactions at Saigon Securities Inc in Hanoi (Photo: VNA)Hanoi (VNA) - Shares closed November 6’s trading on a positive note following last week’s gains thanks to expansion of large-cap stocks.
The benchmark VN-Index on the HCM Stock Exchange rallied 0.64 percent to close at 849.09 points. The southern market index increased 0.4 percent last week.
Blue chips remained the major driving force with 22 of the top 30 largest shares by market value and liquidity advancing and only five declining.
Dairy giant Vinamilk (VNM), the biggest stock by market value, picked up 1.8 percent. Heavyweight stocks such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG) and PV Gas (GAS) expanded between 1.4-2.5 percent each.
Overall market conditions were also positive with gaining stocks outnumbering losing ones by 197-77 while 71 others closed flat.
On the negative side, slump of two big stocks – FLC Faros Construction (ROS) and Petrolimex – hurt the market. ROS plummeted 6.5 percent while PLX fell 4.2 percent.
On the Hanoi Stock Exchange, the HNX-Index edged up 0.7 percent to end at 105.09 points. Lacking the influence of large-cap stocks, the northern market index decreased 1.9 percent last week.
Liquidity soared on the day with more than 206 million shares worth a combined 6.8 trillion VND (roughly 300 million USD) traded in the two markets, up 74.4 percent in value compared to last week’s daily average trading value.
The growth in trading value mainly came from put-through (negotiated) transactions which accounted for more than half of total trading value of 6.24 trillion VND on the HCM Stock Exchange.-VNA
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