Volumes up on uncertain start

Following Sept. 17 strong rally on the HCM City Stock Exchange, the VN-Index opened high at over 462 points but ended session essentially unchanged at 457.87 on Sept. 20.
Following Sept. 17 strong rally on the HCM City Stock Exchange, the VN-Index opened high at over 462 points but ended session essentially unchanged at 457.87 on Sept. 20.

The volume of trades, however, rose by 10 percent over the previous session level to over 53.8 million shares, with a combined value of 1.46 trillion VND (74.9 million USD).

Advancers outnumbered decliners during the session by 116-93, with five of the ten leading shares by capitalisation posting gains, including Eximbank (EIB), Sacombank (STB), Vincom (VIC), Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM).

Ocean Group (OGC), the most-active share on the southern bourse with 3.4 million traded, lost nearly 2.2 percent of its value.

On the Hanoi Stock Exchange, the HNX-Index closed up by 0.35 percent to 133.31 points. Volume reached 52.5 million shares, worth 1.28 trillion VND (65.6 million USD), while advancers narrowly outnumbered decliners by 137-123.

PetroVietnam Construction (PVX) continued to be the most heavily-traded share nationwide, with a volume of over 7.6 million shares. However, Kim Long Securities Co (KLS) saw a notable increase in volume, with over 7.2 million shares traded.

Foreign investors continued to demonstrate faith in the market, however. They picked up a net of nearly 4 million shares on both exchanges, worth a net of 131 billion VND (6.7 million USD). Ocean Group (OGC) was their most heavily-favoured share, with over 1.5 million bought./.

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