Blue chips keep HCMC afloat while Hanoi sinks

Monday, Jul 15, 2013 12:34

HA NOI (Biz Hub)—Stocks are looking healthier after rising for three sessions in a row, with the benchmark VN-Index adding another 0.36 per cent to stand 495.77 points by the end of this morning.

Blue chips were the protagonists behind the momentum. Many of the top 30 shares posted gains by raising more capital as well as showing better liquidity, including Vietinbank (CTG), up 3.1 per cent; Bao Viet Holdings (BVH), up 2.1 per cent; Hoa Phat Group (HPG), up 1.9 per cent; and PetroVietnam Drilling & Well Services Corp (PVD), up 2 per cent.

HAG is also temporarily leading the market's trades with 2.2 million shares changing hands at VND22,000 (US$1.05) a share.

Overall the market on the HCM City Stock Exchange was a bit gloomy however, as the number of stocks falling outnumbered those rising by 77-72, with 157 codes remaining unchanged.

The value of trades was also quite modest at just over VND636 billion ($30.3 million) on a volume of 29.2 million shares.

On the Ha Noi Stock Exchange, the HNX-Index slid back by 0.25 per cent to 62.96 points on a very low value of just VND93.2 billion ($4.4 million).

Losers outnumbered gainers by 72-45 while 268 shares were static.

Earlier this morning however, there was a rush on shares belonging to the property developer Sacomreal (SCR), with over 2.2 million shares changing hands for VND7,400 a share. - VNS

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