Both bourses rise this morning

Monday, Feb 22, 2016 12:22

Vietnamese shares increase on both bourses on Monday morning. — Photo

HA NOI (Biz Hub) — Local shares rose on both bourses this morning, led by some strong transactions of energy stocks and other blue chips.

The benchmark VN Index on the HCM Stock Exchange added 4.61 points or 0.83 per cent to reach 558.1, while the HNX-Index also added 0.36 points or 0.47 per cent to stay at 78.17 points.

Oil and gas stocks such as PetroVietnam Gas Corporation (GAS), PetroVietnam Drilling and Well Service Corporation (PVD) and PetroVietnam Technical Service Corporation (PVS), as well as GAS, PVC, PVD and PVS, besides PVT continued to rise this morning. PVI sold more than six million shares to a foreigner investor, possibly HDI Global SE, a local newspaper said.

The stocks of brokerage firm Sai Gon Securities Incorporate (SSI), Bao Viet Securities (BVS), Ho Chi Minh City Securities Corporation (HOSE: HCM) and VNDirect Securities Corporation (VND) saw strong growth, while the information that Daiwa Securities had sought a 15 per cent stake in SSI made the market more exciting.

At the same time, money poured into real estate and construction stocks, making the stocks of CEO Group Joint Stock Company (CEO), Development Investment Construction JSC (DIG), FECON Foundation Engineering and Underground Construction JSC(FCN) and Long Hau Corporation (LHG) rise. Other blue chips such as Bao Viet Holdings (BVH), DHG Pharmaceutical Joint Stock Company (DHG), FPT Corporation (FPT) and Masan Group (MSN) also increased sharply in the morning,

The market liquidity reached 120 million shares, worth VND1.99 trillion (US$88.7 million) this morning.

Meanwhile, HAGL Joint Stock Company (HAG) and Hoang Anh Gia Lai Agricultural Joint Stock Company (HNG) saw strong buying this morning. Notably, foreigners bought more than 876,000 shares.

Meanwhile, as expected from its addition to the basket of FTSE Vietnam ETF during the first quarter of this year, the shares of Hoang Huy Investment Services (HHS) were traded fairly actively to help it reach its highest sell.— VNS

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