Shares stop declining, add value (11/7)

[imported_dwaynemendez]

Vietnam’s benchmark VN-Index rebounded from a five-month low on July 11 as demand for oil and gas, and financial shares increased strongly at the afternoon trading session.

Shares of 302 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange recovered 0.47 percent, or 1.89 points, to close at 407.28 points.

On the benchmark, 163 stocks gained, 80 lost, while 65 remained unchanged.

Trading on the city bourse fell by nearly 20.8 percent in volume, and by 28.9 percent in value over the previous trading session as more than 22.76 million shares changed hands at a total value of VND337.06 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) won the spot of most active share in volume with 1.25 million shares changing hands.

Petro Vietnam Transportation Corporation (PVT) was the runner-up with more than 1 million shares.

Saigon Securities Inc. (SSI) tagged along with 862,180 shares traded.

SPM Joint Stock Company (SPM) salvaged 4.98 percent to close at VND33,700.

OPC Pharmaceutical Joint Stock Company (OPC) surged 4.95 percent after treading water for four straight days to close at VND33,900.

Vietnam Petroleum Transport Joint Stock Company (TRC) strengthened 4.92 percent to close at VND6,400.

An Giang Fisheries Import Export Joint Stock Company (AGF) declined for three consecutive trading sessions, losing 4.97 percent to close at VND28,700.

Construction & Materials Trading Joint Stock Company (CNT) and Dong A Plastic Joint Stock Company (DAG) both waned 4.88 percent to close at VND7,800, and VND11,700 respectively.

Duc Thanh Wood Processing Joint Stock Company (GDT) extended its losing streak to five straight days, going down 4.73 percent to close at VND14,100.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – inched up 1.99 points, or 0.41 percent, to end at 481.57. Among its 30 members, 24 stocks rallied, 2 declined, and 4 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north jumped 1.03 percent, or 0.7 points, to close at 68.59 points with 164 winners, 64 losers, and 59 stocks treading water. Around 20.68 million shares changed hands at a total value of VND196.43 billion.

HNX 30 Index - the price index of top 30 stocks calculated based on free float adjusted market capitalization – sprang 1.43 percent, or 1.81 points, to finish at 128.27 points.

Meanwhile, the UPCoM-Index of unlisted shares revised 0.14 percent, or 0.05 points, to close at 36.5 points. A total of 290,400 shares changed hands at VND2.88 billion.

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Shares stopped a declining streak during this morning's session. Indices gained Abbott 0.3-1 per cent. However, liquidity did not improve.

On the HCM City Stock Exchange, the VN-Index closed at 406.77 points, a 0.34 per cent increase. Advancers overwhelmed decliners by 110-70.

Twenty-three of the 30 leading shares by capitalisation and liquidity rose. Only Eximbank (EIB) and property and hospitality-services developer Vingroup (VIC) retreated.

The VN30, therefore, edged up 0.35 per cent to 481.27 points.

Market value reached only VND199.6 billion (US$9.5 million), as trading volume fetched nearly 13.3 million shares.

Meanwhile, the HNX-Index on the Ha Noi Stock Exchange added 0.5 per cent to 68.24 points. The HNX30, tracking the bourse's 30 best stocks, rose 1 per cent, hitting 127.78 points.
About 11.76 million shares worth an overall value of VND102.7 billion ($4.8 million) changed hands.

VNDirect Securities Co (VND) was the most active stock nationwide with some 1.9 million shares exchanged. It advanced by 2.2 per cent to conclude the morning session at VND9,300 per share.

Afternoon trading will begin at 1pm.