Vietnamese stocks rose first time in 6 days on late trading on end-of-quarter effects and bottom fishing.
The benchmark VN Index added 0.12 point or 0.03 percent to 418.16. Volume fell further by 2.2 percent to 42.9 million shares worth of VND776.5 billion. Put through trading contributed 8 million shares worth of VND291.85 billion. We saw 3.45 million BCI shares changed hands at VND22,100 each.
The market breadth was still negative on the primary bourse where 98 stocks advanced, 145 declined, 65 closed unchanged.
The VN30 bucked trend, still posting a loss of 1.06 points or 0.22 percent, to 491.71. Amongst its 30 members, 12 stock rallied, 9 lost and 9 unchanged.
The market opened in the green with 1.75 million shares changed hands on bottom fishing activities. The trading pace was still slow and the green color was replaced by the red one in most of the trading time before buying energy came back in late trading, pushing the index above the ground.
Fourth largest listed lender Sacombank (STB), the most active stock on a trade of 1.9 million shares, closed flat at VND22,300.
SACOM Development and Investment Corporation (SAM), the second most traded issue on the gauge with 1.85 million units, also ended unmoved at VND7,500.
Tan Tao Investment – Industry Corporation (ITA) rose 1.49 percent to finish at VND6,800 on a trade of 1 million shares – the third most active.
On the Hanoi Stock Exchange, the HNX rose 0.66 point or 0.93 percent to 71.36. Trading volume fell 2.4 percent to 33.9 million shares worth VND301.3 billion.
The market breadth turned positive where 151 rallied, 81 declined, 65 closed unmoved and the rest unchanged.
PetroVietnam Construction (PVX), the most active on the measure with 3.4 million shares changed hands, rose 3.19 percent to end at VND9,700.
VNDirect Securities (VND), coming second in liquidity on a trade of 3 million units, leaped 2 percent to settle at VND10,200 per share.
Kim Long Securities (KLS) marked up 3.16 percent to finish at VND9,800 on a trade of 1.3 million shares.
The Ministry of Finance has issued a draft circular which stipulates that income from securities investments including dividend, profit from securities investment funds will be exempted from business income taxes for institutional investors.