Thursday,  Oct 18, 2018,01:54 (GMT+7) 0 0
VN-Index continues mild rally
Phuong Thao
Tuesday,  Dec 26, 2017,22:18 (GMT+7)

VN-Index continues mild rally

Phuong Thao

HCMC – The stock market continued rallying for the second straight session on December 25 but turnover sharply fell given the lack of large put-through transactions.

The VN-Index added 5.99 points, or 0.63%, versus the previous session at 958.31, buoyed by large caps including beverage stock SAB and property firm VIC. Closing the session, SAB jumped 5.4% at VND264,600 a share on matching volume of 119,500 shares while VIC increased nearly 3.2% at an intraday high of VND78,000 per share with 1.4 million shares traded.

However, trading volume on the HCMC exchange shed 14.7% against last Friday at 168.4 million shares while value tumbled 46.8% at VND4.1 trillion.

The oil and gas sector performed strongly with PLX climbing 4.2% to VND71,900 per share with matching volume of 1.75 million shares and GAS advancing 1.3% at VND94,300 a share. Among the banking stocks, VCB added nearly 1.2% at VND51,400 per share with 1.5 million shares changing hands.

In contrast, VNM, a leading firm in the dairy sector, fell 1.4% at VND200,000 a share while retail group VRE lost 1.6% to close at an intraday low of VND47,000 per share.

Among the speculative stocks, realty firm FLC and investment firm FIT were volume leaders with 5.6 million shares and 4.2 million shares transacted respectively but the two enterprises just closed at the reference prices. Urban project consulting firm CDO and trading company HTT plunged to the respective floor prices of VND2,320 and VND4,540 per share and reported matching volume of over one million shares each.

The HNX-Index traded in the red for most of the time before bouncing back at the last minute, inching up 0.18% at 113.23. Trading volume on the Hanoi market slid 8.7% at 46.9 million shares but value increased 14% at VND997 billion.

Among heavyweights, lender ACB dropped 0.29% at VND34,500 a share with 3.2 million shares traded and plastic firm NTP fell 1.5% at VND71,500 per share. On the other hand, petroleum firm PVS increased nearly 3.2% at VND22,700 a share and took the lead by liquidity with 7.1 million shares traded.

Foreign investors became net sellers on the southern bourse for net selling over VND96.7 billion, focusing on steelmaker HPG and fuel distributor PLX. Last Friday, they net bought VND219.5 billion of 6.68 million shares.
Meanwhile, they net purchased a slight VND250 million of shares on the northern market.

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