Shares extend rally in Ha Noi, retreat in HCM City

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VietStock FI English - 75 month(s) ago 6 readings 1 duplicate news

Shares opened the new week's trading this morning up on the Ha Noi Stock Exchange, but down on the HCM Stock Exchange due to reduced market volume and value.

In Ha Noi, the HNX-Index rose 0.39 per cent to finish today's session at 70.21 points. Market volume totalled nearly 60 million shares, worth over VND658 billion (US$31.3 million), an increase of 17.7 per cent in volume and 30.3 per cent in value, respectively, compared to Friday's levels.

Advancers inched up decliners by 143-103, with "hot stocks" shares from PetroVietnam Construction (PVX), Kim Long Securities (KLS) and VNDirect Securities (VND) all rising. KLS, on a volume of over 9 million shares traded, and VND, with 5.38 million exchanged, became the most active codes in Ha Noi, both hitting ceiling prices this morning.

In HCM City, the VN-Index declined 0.3 per cent to close today at 420.81 points, with losers outnumbering gainers by 135-84.

Market value decreased 17 per cent over Friday to just VND580.6 billion ($27.6 million) as nearly 37.9 million shares changed hands.

Blue chips tumbled as among the 10 largest shares led by market capitalisation, only food processor Masan Group (MSN) closed 1.6 per cent higher to VND127,000 ($6.05) while others declined or closed unchanged.

Financial conglomerate Ocean Group (OGC), with 3.16 million shares traded, became the most active code in HCM City this morning, also hitting the daily limit of 5 per cent to VND12,700 ($0.61).

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