Stocks recover, led by realty shares

Wednesday, Dec 10, 2014 12:28

The VN-Index on the HCM Stock Exchange decreased to close at 554.55 points but the HNX-Index on the Ha Noi Stock Exchange regained to end at 84.49 points this morning. — Photo

HA NOI (Biz Hub) — The recovery made by realty stocks helped to cushion another fall of the stock market this morning.

On the HCM Stock Exchange, the VN-Index decreased by 0.14 per cent to close at 554.55 points, but the HNX-Index on the Ha Noi Stock Exchange regained 0.76 per cent to end at 84.49 points.

Oil and gas shares continued to fall, but at a slower pace. PV Gas (GAS) lost four per cent, while PetroVietnam Drilling and Wells Service (PVD) and PetroVietnam Technical Services (PVS) slipped by just 0.4 per cent.

The market condition improved with the number of gainers being double the number of losing stocks on the two exchanges.

Real estate shares led the gainers. FLC Group (FLC), Tan Tao Investment Industry (ITA), KLF Joint Venture Global Investment (KLF) and PetroVietnam Construction (PVX) remained the most active stocks in HCM City and Ha Noi, with each seeing between two to six million shares being traded.

The prices of these shares also climbed between 1.8 and 5.5 per cent.

Liquidity declined, however, with the total market value reaching just VND1.78 trillion (US$83.7 million) on the two exchanges.

The afternoon session will resume at 1pm. — VNS

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