Shares manage gains thanks to blue chips (10/10/12)

[anhthulexus]

Stocks managed to post gains on the HCM City Stock Exchange by the end of this morning despite the fact that they began the day at a low value.

The benchmark VN-Index rose 0.14 per cent to 394.24 points but the trading value decreased nearly 23 per cent from yesterday morning's level, reaching more than VND300 billion (US$14.3 million).

Advancers outnumbered decliners by 121-56, with 50 codes hitting ceiling prices.
Money continued to pour in for several blue chips, lifting the VN30 (which tracks the top 30 shares on the bourse) up 0.26 per cent to 461.29 points.

PetroVietnam Finance (PVF) jumped another 2.6 per cent while insurer Bao Viet Holdings (BVH) went up 1.3 per cent; Phu My Fertiliser (DPM) rose 1.9 per cent; and Saigon Securities Inc (SSI) climbed 1.8 per cent.

Tan Tao Investment Industry (ITA) was the most active this morning with almost 5 million shares changing hands. The stock hit its ceiling price of VND4,200 a share.
Meanwhile,the HNX-Index on the Ha Noi Stock Exchange fell 0.11 per cent to 55.37 points, but its value decreased by only VND119 billion ($5.7 million).

PetroVietnam Construction (PVX) continued to be the most active code on Ha Noi's exchange with 1.88 million shares changing hands. The shares are currently traded at VND4,700 a share.

Trading will resume at 1pm.

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[hoangphuong0689]

Stocks managed to post gains on both stock exchanges by the end of yesterday's session, despite tumbling when the markets opened.

The benchmark VN-Index on the HCM City Stock Exchange rose for the fourth consecutive day, closing at 394.66 points, up 0.25 per cent over Tuesday.

Both trading volume and value decreased slightly from the previous day however, totalling almost 38 million shares worth VND486.36 billion (US$23.2 million).

Money continued to pour into several blue chips, lifting the VN30, which tracks the top 30 shares on the bourse, up 0.35 per cent to 461.71 points.

Phu Nhuan Jewellery (PNJ), logistics company Gemadept (GMD) and Development Investment Construction (DIG) hit their ceiling prices, while PetroVietnam Finance (PVF), Bao Viet Holdings (BVH), Phu My Fertiliser (DPM) and software giant FPT Corp (FPT) all finished up by the end of yesterday's session.

FPT yesterday reported that as of the end of September, its revenue totalled VND17.6 trillion ($838.1 million), or 68 per cent of its yearly target. The corporation's pre-tax profit reached VND1.75 trillion ($83.6 million) during the period.

Tan Tao Investment Industry (ITA) continued to be the most active stock during yesterday's session, with 5.2 million shares changing hands, traded at its ceiling price of VND4,200.
On the Ha Noi Stock Exchange, the HNX-Index closed yesterday at 55.51 points, up 0.14 per cent over Tuesday, but value decreased 17 per cent to just VND192.6 billion ($9.2 million).
PetroVietnam Construction (PVX) again was the most active code on trades of 2.7 million shares, up 2 per cent to VND4,700.

"The market in the short term will possibly face the biggest risk of low liquidity," said Pham Tien Dung, an analyst from Bao Viet Securities Co.

Dung said the news that some foreign investment funds like VEH, VPH and VEIL were allowed to extend operations in Viet Nam could reduce the withdrawal risks from these funds.
"However, it is vital to note that the extension of these funds does not mean that there will be capital supplement for the Vietnamese stock market," he said.

Foreign investors finished yesterday as net buyers on both bourses, but value decreased to just VND8 billion ($381,000) worth of shares.