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Active DIG trading drives turnover up

Phuong Thao
Wednesday,  Nov 29,2017,22:24 (GMT+7)
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Active DIG trading drives turnover up

Phuong Thao

HCMC – Development Investment Construction Joint Stock Corporation (DIG) saw 128 million shares traded, buoyed by the Ministry of Construction’s capital divestment, which led trade value on the HCMC exchange to soar on November 28.

DIG went up to its upper limit of VND19,250 a share and took the lead by liquidity on the Hochiminh Stock Exchange. Notably, foreign investors acquired over 56.4 million shares in the enterprise.

Earlier, the Ministry of Construction announced to sell over 118 million DIG shares, or a 49.65% stake, within one month starting November 17. With the DIG price on November 28, the ministry earned an estimated VND1.7 trillion from the share sale.

According to tinnhanhchungkhoan.vn, DIG has nearly 3,200 hectares of land nationwide, including in prime locations in Ba Ria-Vung Tau, Dong Nai, Vinh Phuc and Lam Dong provinces, and Phu Quoc Island off Kien Giang Province. Between January and September, DIG saw its revenue and after-tax profit up 7% and 12% year-on-year at VND872 billion and VND43 billion respectively, meeting 62% and 34% of the full-year goals.

DIG gave a boost to investor sentiment, sending the VN-Index up 2.6 points, or 0.28%, at 941.21 points. Trading volume rose 42.4% to 359.5 million shares and trading value jumped 48.7% to VND8.8 trillion, including block deals valued at more than VND2.1 trillion.

With the current outstanding volume of over 238 million shares, investors changed hands up to 54% of the total DIG share volume. Its trading value reached over VND2.4 trillion, making up 28% of total turnover on the southern bourse.

Among large caps, SAB, Vietnam’s top brewery firm, hit an intraday high of VND320,000 a share while construction firm ROS added 0.7% at VND189,100 per share. For VN30 stocks, MBB was the most liquid stock with 6.2 million shares changing hands, followed by oil and gas stock PVD with 4.1 million shares and sugar company SBT with 3.9 million shares.

Many speculative stocks continued advancing strongly, in which agricultural firm HAI and mining stock AMD went up to their ceiling prices of VND8,460 and VND9,830 per share respectively. FLC, a property enterprise, reported trading volume of 14.4 million shares but fell 1.3% at VND7,020 per share.

The HNX-Index retreated after a four-day rising streak, dropping 0.47% against the previous day at 111.5 points. There were 62.1 million shares worth nearly VND802 billion transacted on the Hanoi market, down 29% and 22% respectively.

Lender SHB took the lead by liquidity with 14.3 million shares traded, followed by construction firm VCG and petroleum technical service firm PVS with 5.6 million shares and 5.5 million shares respectively. HKB, which operates in the food sector, hit its upper limit of VND2,500 per share with matching volume of one million shares.

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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
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