VN Index rise on large-cap stocks

12-Dec-2016 Intellasia | VNA | 1:37 PM Print This Post

Shares rose on the two exchanges on December 9 as investors returned to purchase large-cap stocks with support information in expectation of a further expansion.

The benchmark VN Index on the HCM Stock Exchange added 0.6 percent, trimming the weekly loss to 0.3 percent.

On the Hanoi Stock Exchange, the HNX-Index inched up 0.3 percent to 79.6 points and narrowed this week’s decline to 2 percent.

HCM City-listed brewery giant Sabeco (SAB) continued to hit the ceiling price of a 7 percent rise, settling at 161,500 VND (7.11 USD) per share.

Other gainers included large-cap companies with support information, such as Vinamilk (VNM), up 0.6 percent; insurer Bao Viet Holdings (BVH), up 1 percent; and PV Gas (GAS), up 1.5 percent.

Thai Fraser & Neave (F&N) announced a tender to buy a 5.4-per-cent stake of Vinamilk at the starting price of 144,000 VND a share on the forthcoming December 12 share auction, while PV Gas approved the plan of paying a 23-per-cent dividend for 2016.

The VN Index rose 4.18 points, or 0.63 percent, but Sabeco contributed 3.3 points to the market’s gain while GAS put in 0.84 points and VNM 0.38 points.

Overall market condition was negative, however, with 247 stocks declining, 175 advancing and 273 closing flat.

Trading volume was almost unchanged with a total of 176 million shares traded on the two markets but the value of trades increased 14.3 percent over December 8 to reach nearly 3.2 trillion VND (nearly 141 million USD).

Foreign investors lifted their sells on the day with total net value of over 375 billion VND on the two exchanges. Their net sell value touched over 843 billion VND for the whole week.


Category: Stocks, Vietnam

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