Tuesday,  Sep 25, 2018,08:35 (GMT+7) 0 0
VN-Index slightly inches up
Phuong Thao
Thursday,  Mar 1, 2018,19:04 (GMT+7)

VN-Index slightly inches up

Phuong Thao

HCMC – The VN-Index made a modest rise in the fourth bullish session on February 27, gaining 1.93 points, or 0.17%, at 1,121.54.

Bank stocks continued driving the uptrend, in which CTG jumped nearly 4.7% at VND33,600 a share and took the lead for liquidity with 18.7 million shares traded. MBB increased 4.8% to the intraday high of VND34,400 per share but STB, the second most actively traded stock with 15.2 million shares exchanged, fell 0.3% at VND16,100 per share.

EIB extended losses due to its customer saving account appropriation scandal, dipping nearly 1.28% at VND15,500 per share on volume of 1.1 million shares. HDB declined 0.2% at VND44,400 per share with 2.2 million shares exchanged, with foreigners buying 1.32 million shares and selling 1.68 million shares of the lender.

Oil and gas stocks performed strongly as the leading stock GAS gained 0.35% at VND113,900 per share with 720,000 shares changing hands. PLX added nearly 2.3% at VND89,000 a share and PVD climbed 4.5% at VND23,000 on volume of around 3.2 million shares.

Among property firms, VIC increased 1.5% at VND94,900 a share and NVL added 1.9% at VND85,800 per share. Meanwhile, some large caps dropped strongly with VNM, a dairy enterprise, sliding 2% at VND196,000 per share.

Most small caps declined due to strong profit taking pressure. Food firm GTN went up to the ceiling price of VND11,050 per share but then it retreated and closed with a 2.4% rise at VND10,600 a share on volume of 1.3 million shares.

Turnover on the HCMC market bounced back as investors stepped up transaction given rumors on portfolio rebalancing by exchange traded funds. Volume and value rose 18.2% and 25.8% versus the previous day at 232.6 million shares worth VND7.8 trillion, including 19.2 million shares traded in block deals with the total value of VND1 trillion.

The Hanoi market made better gain than its southern peer as all large caps advanced. The HNX-Index increased 0.76 point, or 0.6%, at 128.05, with turnover rising 19.2% and 9.8% in volume and value to 62.6 million shares worth VND960.5 billion.

Among heavyweights, PVS increased 1.6% at VND24,800 a share on matching volume of nearly 6.9 million shares. Lender ACB rose 1.3% at VND47,000 per share while its fellow bank stock SHB, the volume leader with 15.8 million shares exchanged, closed at the reference price of VND13,100 per share.

PVX, a petroleum firm, stood out among small stocks, hitting the upper limit of VND2,400 per share. It reported matching volume of over 8.3 million shares.

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