Positive economic data boosts shares

Monday, May 27, 2013 11:45

Shares went up this morning following positive economic reports. ― Photo vietstock.vn

HA NOI ― Shares continued to add value during this morning's session, boosted by a series of positive economic reports.

Credit growth in the first five months of this year reached 2.3 per cent, while inventories as of May 1 declined 0.8 per cent compared to the same period last year.

Although the trade deficit this month reached US$2 billion, it indicated that production had recovered. Notably, there were over 7,200 newly established enterprises in May.

The VN-Index on the HCM City Stock Exchange gained 3 per cent to 515.37 points.

Gainers outnumbered losers by 185-32.

Trading value was at a relatively high level, totalling VND1 trillion ($47.6 million) on a volume of 65.14 million shares.

Blue chips performed well. Shares rallying between 3-5.5 per cent included insurer Bao Viet (BVH), software group FPT (FPT), property developers Hoang Anh Gia Lai (HAG) and Vingroup (VIC), PetroVietnam Low Pressure Gas Distribution (PGD), PetroVietnam Drilling Services (PVD), Refrigeration Electric Engineering (REE), Vietcombank (VCB) and Vinamilk (VNM).

On the Ha Noi Stock Exchange, the HNX-Index rose 1.8 per cent to 63.74 points.

Market value and volume fetched VND500.46 billion ($23.8 million) and more than 59 million shares. ― VNS

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