September 7: Vietnam Stocks Rise as Blue Chips Buoy

Vietnamese shares ended the day and the week higher as blue chips rose buoyed the market.

The benchmark VN Index gained 4.1 points or 1.04 percent to 397.51. Volume rose 20.3 percent to 33.5 million shares worth of VND510 billion. Put through trading contributed 4.1 million shares worth of VND84.91 billion.

For this shortened trading week, VN Index gained 1.49 points or 0.38 percent with average trading volume of 30.5 million a day.

Today’s market breadth was still negative on the primary bourse where 94 stocks advanced, 106 declined, 80 closed unchanged.

The VN30 added 2.31 points or 0.5 percent, to 465.94. Among its 30 members 14 gained, 10 lost the ground and 6 unchanged.

Market opened in the green with only 1.4 million shares changed hands. Trading was more active though both buyers and sellers did not make any big move today and sideways trading was seen.

Of note, with T+3 trading introduced on September 4, today, those who bought shares on Tuesday had shares available to sell. However, selling pressure was not high.

Heavy weighs BVH, VIC, SJS, FPT, HPG, GMD fell while GAS, DHG, DPM, MSN, PVD, PVF, VCB, VNM gained. Of note, GAS hit the ceiling despite not being included in the ETF’s portfolio.

FTSE Vietnam Index series quarterly review 7 September 2012 showed that SBT, HSG, and PGD were added while PPC, KDC, GMD and PNJ were removed in FTSE Vietnam Index.

FTSE Vietnam All-share Index added PGD and removed MBB; ITC and KDH.

Active players saw the names of SSI, ITA, LCG, STB and ASM.

On the Hanoi Stock Exchange, the HNX edged up 0.07 point or 0.11 percent to 60.39.Trading volume roe 5 percent to 25.4 million shares worth VND205.72 billion.

The market breadth turned positive where 99 rallied, 94 declined, 71 closed unmoved, the rest untraded.

For the week, HNX index lost 1.04 points or 1.69 percent with average trading volume of 23.78 million shares a day.

HNX30 closed up 0.82 points or 0.73 percent to 112.94.

Sensitive stock ACB continued to close down today to VND19,300/share.

PVS, PVX, SCR, VCG, VND were active players and gainers today.

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Category: Stocks