Stocks advance on improved trading (17/7)

[xiuchic]

After a brief decline yesterday, shares on both stock exchanges climbed again on improved trading volume and value.

On the HCM City Stock Exchange, the VN-Index rose 0.52 per cent, closing this morning's session at 416.12 points, with the trading value totalling VND537.4 billion (US$25.6 million), up 39 per cent from yesterday's level.

Advancers outnumbered decliners by 155-44, led by blue chips.

Nineteen of the top 30 shares by market capitalisation and liquidity climbed while only three fell. Losers included Song Da Urban Industrial Zone Investment & Development (SJS), down 0.62 per cent; Vietinbank (CTG), down 0.47 per cent; and Sacombank (STB), down 0.4 per cent.

The VN30 Index was up 0.41 per cent to 490.62 points.

Tan Tao Investment Industry (ITA) was the most active this morning with 1.2 million shares changing hands, increasing 3 per cent to a close of VND6,900.

On the Ha Noi Stock Exchange, the HNX-Index also gained 1.06 per cent to 70.52 points on a total value of more than VND202 billion ($9.6 million).

The HNX30 Index tracking the top 30 largest shares by market capitalisation and liquidity on the Ha Noi bourse also rose 2.14 per cent to 134.24 points.
Gainers overwhelmed losers by 128-51.

VNDirect Securities (VND), with three million shares exchanged, was still the most active code this morning, climbing 5 per cent to VND10,500 a share.

The afternoon session will resume at 1pm.

[xiuchic]

Investors monitor the electronic board at ACB Securities in Ha Noi. Shares on both of the nation's stock exchanges climbed again yesterday. — VNS Photo Viet Thanh HA NOI — After brief declines on Monday, shares on both of the nation's stock exchanges climbed again yesterday.

On the HCM City Stock Exchange, the VN-Index rose 0.86 per cent to close at 417.55 points, while the value of trades rose by 40 per cent from the previous day to nearly VND782.7 billion (US$37.3 million).

Advancers overwhelmed decliners by 199-36, once again led by blue chips. The VN30 Index, tracking the 30 leading shares by market capitalisation and liquidity, rose 0.9 per cent to close at just over 493 points. Tan Tao Investment Industry (ITA) was the most active share on the HCM City market, with 1.75 million shares exchanged before closing up by 3 per cent to VND6,900 per share.

On the Ha Noi Stock Exchange, the HNX-Index also gained 2.3 per cent to end the session at 71.40 points. The value of trades jumped 21 per cent over Monday's level, reaching nearly VND370 billion ($9.6 million) on a volume of 40.5 million shares. The HNX30 Index also rose by 3.66 per cent to close at 136.23 points.

Securities companies were the biggest gainers on both exchanges, largely on the strength of improved earnings in the first half of this year. Sai Gon Securities Inc (SSI), HCM City Securities Co (HCM), Bao Viet Securities Co (BVS) and VNDirect Securities Co (VND) all hit their ceiling prices after reporting high profits in the first six months ranging from VND60 billion ($2.9 million) to VND348 billion ($16.6 million).

VNDirect Securities (VND), with nearly 4.6 million shares exchanged, was again the most-active share yesterday, closing at its ceiling price of VND10,700.

According to technical analysts of Kim Long Securities Co, stock indices have continued to decline despite the market signalling a short-term uptrend in recent sessions. However, the psychology of grasping short-term profits continues strong among investors, particularly when the market lacks any supportive news, they said.

Foreign investors continued to be net buyers on both exchanges yesterday, responsible for a combined net buy of over VND30.5 billion ($1.5 million) worth of shares.