Shares on both exchanges end in green (3/10/12)

[xiuchic]

Shares managed to rally this morning, seeing improved trading values after two declining sessions this week.

On the HCM Stock Exchange, the VN-Index put on 0.7 per cent, reaching 387.04 points as more than half of listed stocks added value.

Over 21 million shares changed hands, totalling VND322.58 billion (US$15.3 million), an increase of 44.7 per cent compared to yesterday morning's level.

Blue chips were the main force lifting the market, with 27 out of the 30 leading shares tracked by the VN30 edging up. Notably, property developer Dic Corp (DIG) hit the daily increase limit to VND11,500 per share. Insurer Bao Viet (BVH) also rose 3.7 per cent, and property developer Hoang Anh Gia Lai (HAG) rose 3 per cent.

Meanwhile, only Sacombank (STB) and property developer Vingroup (VIC) tumbled.
The VN30 advanced by 0.65 per cent to 451.91 points.

The HNX-Index on the Ha Noi Stock Exchange also enjoyed a rally, adding 1 per cent to reach 54.51 points.

Although market value improved, it remained at a low level, standing at just VND97.4 billion ($4.6 million) on a volume of 14.5 million shares.

The HNX30, composed of the 30 largest stocks in Ha Noi, ended 2.16 per cent higher at 101.71 points.

The two bourses will reopen at 1 pm.

[xiuchic]

Vietnamese stocks managed to rally yesterday, with markets seeing improved trading values after a four-day decline.

In the absence of other supporting information, investors kept their eyes on third-quarter earnings, with Viet Dragon Securities Co analysts pointing to a few productive companies, including Vinamilk (VNM), steelmakers Hoa Phat (HPG) and Hoa Sen (HSG), food processor Bourbon Tay Ninh (SBT), Da Nang Rubber Co (DRC), HCM City Securities Co (HCM) and PetroVietnam Technical Services Co (PVS).

However, analysts for the financial information website vietstock.vn warned, "The market may recover slightly, but the downtrend can hardly be reversed."

On the HCM City Stock Exchange, the VN-Index closed up 0.27 per cent to 385.37 points, with more than half of listed stocks adding value. Over 36.5 million shares changed hands, with a total value of VND567.6 billion (US$15.3 million) – an increase of 58.7 per cent over Tuesday's level.
About two-thirds of the 30 leading shares tracked by the VN30 Index rose, including insurer Bao Viet Holdings (BVH), which closed up by 2.7 per cent, and real estate developer Hoang Anh Gia Lai (HAG), which gained 3 per cent. The VN30 advanced by 0.33 per cent to 450.44 points.

On the Ha Noi Stock Exchange, HNX-Index also saw a modest rally, adding 0.46 per cent on the day to conclude the session at 54.19 points. Although the value of trades improved, it remained low at just VND143.8 billion ($6.8 million). Volume was a meagre 20.8 million shares.

The HNX30 Index, tracking the 30 leading shares on the Ha Noi market by capitalisation and liquidity, close up by 1.16 per cent to 100.71 points.

Foreign investors concluded yesterday as sellers on both exchanges by a combined margin of VND19.6 billion ($900,000).