ROS cushions the VN-Index

Friday, Nov 03, 2017 12:57

ROS grew 6.3 per cent on Friday morning, rescuing the VN-Index from a fall. — Photo

Shares rebounded slightly on the HCM Stock Exchange on Friday morning but still maintained a downward trend in Ha Noi.

The HCM City’s VN-Index inched up 0.08 per cent to 833.73 points, while the HNX-Index on the Ha Noi Stock Exchange decreased 0.4 per cent to 104 points.

The market breadth remained negative as the losing stocks outnumbered the gaining ones by 235-138 in the two markets, while 345 were unchanged.

FLC Faros Construction JSC (ROS) was again the main supporter of the HCM City market. Being one of the top 10 biggest stocks by market value and liquidity, its growth of 6.3 per cent cushioned the market’s negative development.

ROS shares climbed 87 per cent in the past one month, being traded at around VNĐ200,300 (US$8.82) per share. The share is also one of the top 30 most expensive stocks on the HCM Stock Exchange.

On the negative side, a lot of blue chips continue to sink, including Vinamilk (VNM), Vietcombank (VCB), Vietinbank (CTG) and BIDV (BID), as well as Bao Viet Holdings (BVH), Masan Group (MSN) and FPT Corp (FPT).

Liquidity remained modest, with nearly 122 million shares worth a combined VND2.4 trillion ($105.7 million) being traded in the two markets.

The afternoon trade session starts at 1pm. – VNS

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