Monday,  Sep 24, 2018,10:59 (GMT+7) 0 0
VN-Index reaches 845 points
Phuong Thao
Tuesday,  Oct 31, 2017,23:12 (GMT+7)

VN-Index reaches 845 points

Phuong Thao

HCMC – Losers outnumbered advancers on the HCMC stock exchange but market driver ROS still drove the VN-Index up 0.57% at 845.2 points on October 30.

Turnover on the HCMC market improved strongly, with 197.2 million shares worth VND4.5 trillion changing hands, jumping 37.5% and 31.6% versus last Friday respectively. The put-through market was active with 35.1 million shares valued at VND880.7 billion traded.

Among the top 10 stocks by market capitalization, six fared well while four others slightly lost. Lender BID was the most actively traded stock in the bank stocks group with 5.5 million shares traded, followed by bank stock VCB with 3.8 million shares and gas group GAS with 2.17 million shares.

Construction firm ROS again made the most positive contribution to the VN-Index for hitting the upper limit, though its trading volume fell sharply to around 600,000 shares. ROS and GAS alone lifted the main index up by over four points.

Among small stocks, FLC was the volume leader with 12.8 million shares but the property firm dipped 2.9% at VND6,700 a share. Seafood firm ASM reported matching volume of over 10 million shares, tumbling 6.7% against the previous session at VND11,400 a share.

HAI, an associated firm of ROS, was the biggest gainer in the speculative stock group as it went up to the ceiling price of VND9,670 per share. The agricultural enterprise saw matching volume of nearly 3.9 million shares.

On the Hanoi market, the HNX-Index closed at an intraday low of 105.98, losing 0.45% against the previous session. Turnover increased sharply with 42.3 million shares worth VND585 billion changing hands, including block deals worth more than VND11 billion.

Most stocks in the HNX30 basket lost ground, in which bank stock ACB fell 1.8% at VND31,300 a share with volume of nearly two million shares. Lender SHB was the most heavily traded stock with over 4.5 million shares exchanged, dropping 1.2% at VND7,900 per share.

Foreign investors became strong net buyers on both bourses, net buying over VND205.3 billion of shares on the HCMC bourse and VND5 billion on the Hanoi exchange.

According to Maritime Securities Company, the market saw surging selling pressure at the end of the session on October 30, pushing many key stocks down. In general, investors should practice caution as the market is nearing a correction phase.

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