Domestic shares start to recover

Saturday, Nov 23, 2013 09:25

HA NOI (Biz Hub) — Shares advanced on both national stock exchanges yesterday despite slight decreases in liquidity.

On the HCM City Stock Exchange, the Vn-Index gained 0.42 per cent to reach 505.64 points.

More than 106.37 million shares changed hands worth a total of VND1.382 trillion (US$65.8 million), lower than yesterday.

More than 126 codes on the southern bourse advanced yesterday compared to 81 losers.

The VN30-Index, tracking the bourse's top shares by capitalisation and liquidity, edged up 0.5 per cent to 566.28 points with gainers overwhelming losers by 18-2.

For bluechips, only Kinh Do (KDC) and HCM City Infrastructure Investment Joint Stock Company (CII) lost yesterday, closing down by VND300 ($0.014) and VND100 ($0.0049) per share, respectively.

PetroVietnam Drilling (PVD) increased VND1,500 ($0.07) per share to VND67,000 ($3.19).

Other advancers gained between VND100 ($0.0049) to VND700 ($0.03) per share each, including PetroVietnam Low-Pressure Gas Distribution (PGD), Pha Lai Thermo-electric Plant (PPC), Ree Corporation (REE), PetroVietnam Transportation Corporation (PVT), Gemardept Corporation (GMD), FPT Group (FPT) and Da Nang Rubber Corporation (DRC).

According to FPT Securities, the benchmark index made a good recovery yesterday after losing on Thursday with the selling slowing down.

On the Ha Noi Stock Exchange, the HNX-Index jumped 0.33 per cent to 64.59 points.

With more than 38.46 million shares traded, the total value reached VND298.54 billion ($14.21 million).

The HNX30-Index, composed of the capital city's 30 largest shares, also edged up 0.29 per cent to 123.26 points.

Speculative stocks remained attractive to investors yesterday.

However, the market did not show any optimistic signs. The VN-Index experienced five strait days fluctuating around the 505-point level, said FPT Securities.

Analysts at FPT Securities said investors should be cautious as the market would continue to adjust. — VNS

Comments (0)