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VN-Index hits new high
Phuong Thao
Thursday,  Jun 15, 2017,19:54 (GMT+7)

VN-Index hits new high

Phuong Thao

HCMC – The local stock market rose to a nine-year high in the third straight winning session on June 14, buoyed by the banking sector and stocks in the VN30 basket.

The VN-Index added 3.88 points, or 0.51%, from the session earlier at 760.77. Trading value on the HCMC market reached VND4.3 trillion, down 8.5% compared to Tuesday, with the combined turnover of VN30 stocks accounting for 37%, or nearly VND1.6 trillion.

Among bank stocks, BID made the most positive contribution to the rallies, adding 2.6% on matching volume of 7.4 million shares. VNM and GAS also supported the uptrend, rising 2.3% and 0.8% with one million shares and 500,000 shares traded respectively.

Notably, HAG and its affiliate HNG went up to the ceiling prices thanks to strong demand, closing at VND9,140 and VND10,100 a share with trading volume of 11.2 million shares and 9.6 million shares respectively.

For newly-listed stocks on the southern bourse, LEC hit the upper limit on the first trading day on modest trading volume of nearly 4,700 shares while CTF shot up to the ceiling price for the 12th straight session.

Meanwhile, ROS saw strong profit taking pressure after several sessions of sharp rises. The stock plunged to the floor price with 3.1 million shares exchanged.

Despite high foreign demand, VIC was among key laggards as domestic investors heavily offloaded shares of the property giant. The stock lost 3.5% at VND42,500 per share on matching volume of more than 1.8 million shares.

The Hanoi market also touched a new high at 98 points within the first 40 minutes of the afternoon phase before paring some gains. The HNX-Index closed at 97.89, rising 0.59% against the previous day with turnover reaching nearly VND626 billion.

ACB and SHB extended gains in the afternoon, with the former closing up 0.75% on volume of over two million shares and the latter, the most heavily traded stock, rising 1.4% on volume of 9.7 million shares. VCG ranked second for liquidity on the northern bourse, climbing 1.6% at VND18,900 per share with over four million shares changing hands.

In the real estate sector, CEO and HUT closed at the intraday highs with both reaching matching volume of over 1.4 million shares.

Foreigners net bought VND267.7 billion on the southern bourse, including 1.6 million HPG shares and 1.1 million VCB shares. Meanwhile, the investors net bought just VND2 billion on the northern exchange.

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