0
Thursday,  Dec 14,2017,15:14 (GMT+7)

Financials buoy HCMC exchange rally

Phuong Thao
Thursday,  Nov 30,2017,22:43 (GMT+7)
Zoom in

Zoom out

Add to Favorites

Print

Send to a friend

Financials buoy HCMC exchange rally

Phuong Thao

HCMC – The HCMC stock market leapt beyond the resistance level of 950 points on November 29, buoyed by major stocks in the finance-banking sector.

Closing the session, the VN-Index added a massive 10.93 points, or 1.16%, versus the session earlier at 952.14 points. Turnover on the HCMC market fell sharply with 229.8 million shares worth VND5.5 trillion changing hands, both down around 36% against Tuesday.

All bank stocks made gains over strong cash flow. VCB gained 1.7% at VND49,000 a share with matching volume of over 1.4 million shares, BID rose 2.4% at VND25,600 a share and MBB jumped 3.1% at VND25,000 per share with 5.5 million shares transacted.

Many insurance and securities firms followed the uptrend, in which leading insurer BVH climbed 6.7% to VND61,000 per share. Among securities firms, SSI advanced 2.3% at VND26,600 per share with matching volume of over seven million shares while HCM added 3% to VND50,700 a share with over 395,000 shares traded.

In the brewery sector, BHN went up to the ceiling price while SAB, the leader for market capitalization, surged 5.9% at VND339,000 per share.

Meanwhile, ROS, a construction firm, shed 6.8% at VND176,200 per share after a six-day winning streak. Speculative stock AMD, which operates in the mining sector, also ended its four-day rally with a 6.9% loss at VND9,150 a share with matching volume of 4.8 million shares.

On the Hanoi market, the HNX-Index skyrocketed 2.2% at 113.95 points with turnover amounting to VND1.37 trillion. Blue-chips made the most positive movements, with lender ACB gaining 1.47% at VND34,500 a share and plastic firm NTP soaring 5.8% at VND87,700 per share.

SHB again took the lead by liquidity with over 17.7 million shares changing hands. The lender climbed 6.8% to close near the upper limit as it is expected to be added to the index calculation basket of exchange traded funds in the last quarter of 2017.

The securities sector was the best performer on the northern market, with SHS gaining 2.6% at VND19,900 a share, APG surging 5.2% at VND5,700 per share and VIG hitting the ceiling price.

Foreign investors actively purchased shares of the newly-listed investment firm VPI, resulting in a net buying value of VND245.8 billion on the Hanoi bourse. Meanwhile, they net bought a mere VND1.18 billion of shares on the HCMC exchange, a significant drop compared to a net buying value of over VND1.4 trillion on Tuesday.

Share with your friends:             
 

Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editors: Nguyen Van Thang, Huynh Cam Tung
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.8) 829 5936; Fax: (84.8) 829 4294.
All rights reserved. Developed by Mat Bao Company.