Market turnover improves

12-Jan-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

Stocks jumped for the second straight session amid strong turnover on January 9, with trading volume and value up 19 percent and 10.6 percent versus the previous session at 320.4 million shares worth VND8 trillion.

The VN Index closed the day at 1,033.56 points, surging 1.04 percent against Monday. Market breadth was positive as gainers outnumbered losers by 164 to 124.

Lender STB continued attracting investors, with 36.2 million shares matched. It advanced 2 percent at VND14,850 a share. Other bank stocks also saw high turnover, including MBB with 8.9 million shares changing hands, CTG with 6.5 million shares and VPB with 4.8 million shares.

VCB was the biggest gainer as it added 5.6 percent at VND58,500 a share with volume of 2.8 million shares, followed by EIB with a 3.6 percent rise at VND14,300 per share. In contrast, BID decreased 1.6 percent at VND27,400 per share.

The property sector also drew investor attention. FLC was the volume leader in this group with 14 million shares traded while SCR went up to the ceiling price of VND10,150 a share with volume of more than 8.2 million shares.

Notably, many steel firms increased strongly with HPG and HSG shooting up to the ceiling prices of VND52,900 and VND27,050 a share with 5.7 million shares and 10.4 million shares matched respectively. Other names like SMC, NKG, POM and TLH also closed up. SBT, a leading sugar producer, reported matching volume of over 10.3 million shares. The firm ended up 0.87 percent at VND23,100 a share.

The HNX-Index rose 0.55 percent against the previous day at 121.74 points while trading volume and value on the Hanoi market jumped 40 percent and 22.9 percent at 87.4 million shares worth over VND1 trillion.

Lender SHB was the most actively traded stock with 24.9 million shares changing hands, gaining 5 percent at VND10,500 per share, followed by PetroVietnam Construction Corporation (PVX), which went up to the upper limit of VND2,700 a share with volume of 17 million shares.

Foreign investors significantly contributed to strong turnover on both HCM City and Hanoi bourses as they kept picking bank and real estate stocks.

On the HCM City market, they net purchased 4.6 million shares worth around VND180 billion. They net bought VND16.2 billion of HDB shares, VND23.7 billion of BID shares and VND29.7 billion of VCB shares.

Besides, they actively acquired shares of property firms VIC, DXG and KBC with respective net buying value of VND61.8 billion, VND42.2 billion and VND15.4 billion.

On the Hanoi exchange, foreign investors net sold over 715,000 shares worth VND22.5 billion.


Category: Stocks, Vietnam

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