April 24: Vietnam Stocks Close Up, Liquidity Supports

26-Apr-2012 Intellasia | StoxPlus | 7:05 AM Print This Post

Vietnamese stocks closed up on Tuesday as aggressive buying into selected shares in the late afternoon session buoyed the market, liquidity rose on higher demand.

The benchmark VN Index added 0.48 point or 0.1 percent to 465.65. Volume rose 33.1 percent to 88.3 million shares worth of VND1.36 trillion. Put-through trading contributed 19.2 million shares worth VND350.1 billion.

We saw 13.3 million OGC shares changed hands at the floor price of VND15,100 each, versus the market close price of VND16,300 each. Other bid deals were 1.2 million ITA shares changed hands at the upper limit price of VND9,700 and 0.8 million EIB shares changed hands at VND19,000 each.

The VN30 Index was stronger the broader market with a gain of 1.29 points, or 0.24 percent, to 534.89.

The market opened in the green with 3.1 million shares changed hands. However, profit takers sold into the high, and the losses of heavy weighs sent the index back to the negative grounds. The trading pace was slow overall as both buyers and sellers were more cautious. The market closed the morning session in the red, it was but off the low and blue chips were on their way back to the surface.

The afternoon session resumed with renewed buying interest, and the bulls gather enough steam to keep the market green at the close.

Property stocks led the recovery, DIC, DIG, NTL, HAG, ITC, TDH, ITA were among gainers.

Securities shares were still mixed HCM hit the ceiling, SSI, AGR gained BSI stayed at the neutral line while SBS extended floor performance with heavy pending offload offer.

Banking shares remained weak CTG, STB, VCB, were losers while EIB stayed at the neutral line, MBB was the only banking gainer on the bourse.

Rubber and mineral shares were solid gainers.

SACOM Development and Investment Corporation (SAM), the most active stock on a trade of 3.3 million shares, surged 4.71 percent to end at VND8,900.

Fifth largest listed lender Military Bank (MBB), coming second in liquidity with 2.73 million shares changed hands, edged up 0.65 percent to settle at VND15,500.

Licogi 16 (LCG), a property firm, leaped 4.24 percent to settle at VND12,300 on a trade of 2.6 million units – the third most active.

On the Hanoi Stock Exchange, the HNX index extended gain, adding 0.76 point or 0.98 percent to 78.57. Trading volume improved 20 percent to 67.1 million shares worth VND733 billion.

PetroVietnam Construction (PVX), the most active on the measure with 6 million shares changed hands, rallied 1.75 percent to end at VND11,600.

Hanoi-based lender Habubank (HBB), coming second in liquidity on a trade of 5.6 million units, rose 1.5 percent to end at VND6,800 per share.

Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR) advanced 6.9 percent to finish at VND15,500 on a trade of 3.6 million shares – the third most active.


Category: Stocks

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