Indices gain thanks to blue chips (11/10/12)

Shares listed on the nation's two stock exchanges continued to add value this morning. On the HCM City Stock Exchange, the VN-Index gained 0.45 per cent to reach 396.45 points.

Advancers overwhelmed decliners by 160-58.

The trading value stood at VND412.6 billion (US$19.6 million) as nearly 30 million shares changed hands.

Most blue chips closed in green, advancing the VN30 0.56 per cent to 464.28 points. Logistic firm Gemadept (GMD) and property developer Tan Tao (ITA) hit their ceiling prices.
Financial stocks such as Eximbank (EIB), PetroVietnam Finance (PVF), Ocean Group (OGC) and Bao Viet Holdings (BVH) also performed well, rising around 1.2-1.4 per cent.
However, some large-caps tumbled, including Phu My Fertiliser (DPM), commercial baker Kinh Do (KDC), food processor Masan (MSN) and property developer Dic Corp (DIG).

On the Ha Noi Stock Exchange, the HNX-Index rose by 0.9 per cent, ending this morning's session at 56.02 points. Only 45 listed codes declined.

Market value totaled VND215.16 billion ($10.2 million) with 31.7 million shares changing hands.

The HNX30, composed of the bourse's 30 leading shares by capitalisation and liquidity, finished at 105.89 points - a 1.76 per cent gain.
The performance of these 30 stocks alone accounted for 76 per cent of the entire northern market.

Trading will resume at 1 pm.

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Shares listed on the HCM City Stock Exchange failed to retain gains during yesterday's session, although advancers overwhelmed decliners by 129-68.
The VN-Index retreated 0.12 per cent to reach 394.19 points.

The trading value stood at VND590.7 billion (US$28 million) as nearly 45.3 million shares changed hands.
More blue chips closed in red towards yesterday afternoon's trading, pushing the VN30 off 0.09 per cent to 461.28 points.

While half of the 30 shares tracked by the index tumbled, only nine managed to post gains, with logistics firm Gemadept (GMD) and property developer Tan Tao (ITA) hitting their ceiling prices.

Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index rose by 0.6 per cent, ending yesterday at 55.84 points. Only 74 out of the total 394 listed codes declined.
Market value totalled VND314.1 billion ($14.9 million) with 45.5 million shares exchanged, jumping 63 per cent on Wednesday's level in terms of trading value.
The HNX30, composed of the bourse's 30 leading shares by capitalisation and liquidity, finished at 105.08 points – a 1 per cent gain.
The performance of these 30 stocks alone accounted for 74.3 per cent of the entire northern market.
Foreign investors were sellers on both exchanges, unloading a combined margin of VND8.7 billion ($414,200). Meanwhile, they favoured shares of Phu My Fertiliser (DPM), Sacombank (STB), commercial baker Kinh Do (KDC) and Binh Dinh Mineral Co (BMC).

"Increasing trading value indicates that cash starts to come back to the market," said BIDV Securities analysts.

Speculative stocks such as securities – Kim Long (KLS), Bao Viet (BVS), VNDirect (VND and PetroVietnam Construction (PVX) and Sai Gon-Ha Noi Bank (SHB) – still attracted investors. Along with Asian Commercial Bank (ACB), the total trading volume of this group accounted for 40 per cent of the Ha Noi bourse.

However, the analysts predicted shares would decline during today's session. "The highlight is that the decline will not be steep," they added