Shares sway on mounting investor precaution

Tuesday, Jul 16, 2013 12:35

HA NOI (Biz Hub)— Shares witnessed contrasting fortunes on the two national stock exchanges this morning as investors became more cautious ahead of the incoming corporate earning reports.

The benchmark VN-Index on the HCM City Stock Exchange continued to advance by another 0.48 per cent this morning to stand at 496.45 points but the HNX-Index on the Ha Noi Stock Exchange declined by 0.3 per cent to 62.84 points.

Market value on the two exchanges totalled over VND741 billion (US$35.3 million), 90 per cent of which came from trading on the HCM City market valued at VND667.8 billion ($31.8 million).

Blue chips again supported the market and the VN30 tracking the top 30 shares by market capitalisation and liquidity on the HCM City bourse rose 0.4 per cent to reach 50.81 points.

Large-cap shares such as Vinamilk (VNM), Hoang Anh Gia Lai Group (HAG), Gemadept (GMD) and PV Gas (GAS) increased from between 0.8-2.2 per cent.

PetroVietnam General Services Corp (PET) and Pha Lai Thermal Power Co (PPC), which will be added to the VN30 from July 22, also rose from 1.6-2.2 per cent.

Property giant VinGroup (VIC) was temporarily the most active code in HCM City, with 2.6 million shares changing hands at VND64,500 ($3.07) each.

Meanwhile, investment FLC Group (FLC) was the most active code in Ha Noi on trades of 1.94 million shares exchanged at VND5,700 each. - VNS

Comments (0)