Shares up on both exchanges (4/2/13)

[xiuchic]

Shares rallied this morning after a couple of down days, with the VN-Index on the HCM City Stock Exchange adding 0.87 per cent to reach 487.64 points.
Gainers overwhelmed losers by 105-84. Trading value declined to VND519.1 billion (US$24.7 million) as over 34 million shares changed hands.

Blue chips had mixed fortunes. Among the 30 leading shares in terms of capitalisation and liquidity, seven retreated while others increased and closed unchanged from the previous session. Refrigeration Electrical Engineering Co (REE) was the fastest rising share, adding 6.2 per cent.

Overall, the VN30 index, which tracks the performance of these stocks, rose 0.3 per cent to reach 567.89 points.

On the Ha Noi Stock Exchange, the HNX-Index also edged up 0.3 per cent, standing at 63.18 points.

Most of the listed codes finished at last Friday's prices.
Trading value and volume were VND237.4 billion ($11.3 million) and 29.14 million shares, respectively.

The HNX30 Index, composed of the bourse's top 30 shares, ended 0.76 per cent higher at 123.82 points

[xiuchic]

hares were going down on the two national stock exchanges by the end of yesterday's session, driven by declines of blue chips.

With 104 shares rising, 101 falling and 108 closing flat on the HCM City Stock Exchange, the VN-Index lost 0.22 per cent to finish at 482.38 points, while half of the top 30 shares lost value, driving the VN30 down a more substantial 0.71 per cent to 562.077 points.
Investors became more cautious in trading, with the trading value down 24 per cent from Friday's level to almost VND881 billion (US$42.2 million).

The market will fluctuate in the first sessions of this week as investor psychology fluctuates between greed and fear, according to analysts of HCM City Securities Co.

"Domestic investors are currently selling shares to lock in profits or standing outside the market to wait for a correction," they wrote in a note.

"The reason is that the current prices of many stocks are too high, as these companies are looking at lower growth this year than expected."

Property developer Tan Tao Investment Industry (ITA) continued to be the most active code on the HCM City bourse on total trades of 6.5 million shares, rising 6.9 per cent to settle at VND9,300 a share.

On the Ha Noi Stock Exchange, the HNX-Index also edged down 0.1 per cent, closing at 62.93 points.

Losers outnumbered gainers by 105-83 while up to 210 codes finished at last Friday's prices.
Trading was modest as just 50 million shares, worth more than VND427 billion ($20.4 million), changed hands.

Sai Gon-Ha Noi Bank (SHB) was again the most heavily traded stock nationwide with almost 10 million shares exchanged. The shares climbed 2.8 per cent to VND7,300 each.
Foreign investors, who were largely responsible for the market uptrend last week, turned to be net sellers on the two markets yesterday. They unloaded a combined VND51.74 billion ($2.5 million) worth of shares on both exchanges.