Shares mixed, with low trading value ( 30/10/12)

[xiuchic]

Shares fluctuated strongly this morning on the HCM City exchange, but recovery of several blue chips helped push up the VN-Index by the end of the first half session.

The VN-Index stood slightly higher at 391.48 points, but trading value decreased 65 per cent from yesterday to just VND159 billion (US$7.6 million).
The VN30 tracking the top 30 shares on the bourse was also up 0.09 per cent to 464.44 points.

Blue chips were mixed. Phu My Fertiliser (DPM), Eximbank (EIB), steelmaker Hoa Phat Group (HPG) and property developers Kinh Bac City Development (KBC) and Hoang Anh Gia Lai (HAG) posted gains from 0.3-1.7 per cent.

At the other end of spectrum, losers included software giant FPT Corp (FPT), Vietcombank (VCB), Sacombank (STB) and insurer Bao Viet Holdings (BVH) with losses from 0.3-1 per cent.

Shares of Tan Tao Investment Industry (ITA) continued to be the most active code on trades of 1.55 million shares, closing flat at VND4,300 a share.

Meanwhile, sluggish trading on the Ha Noi Stock Exchange pushed the HNX-Index down 0.41 per cent to 53.42 points on a turnover of just VND171 billion ($8.1 million).

With 4.35 million shares changing hands, Nam Viet Bank (NVB) surprised the market to be the most active share, but the stocks fell 4.3 per cent to just VND6,700 a share.

The market condition was negative with 82 codes declining, 55 rising and 257 closing unchanged.

Trading will resume at 1pm.

[xiuchic]

Blue chips fell on the nation's stock markets yesterday afternoon, pushing the VN-Index on the HCM City Stock Exchange down 0.38 per cent to conclude the session at 389.86 points.
Most brokerage companies forecast a downward outlook this week with large-cap shares being the major drag on the southern bourse.
Shares holders began to unload blue chip shares after a strong rally during the previous weeks which would likely drag down the VN-Index and VN30 early this week, according to analysts from Viet Dragon Securities Co.

Without news that will boost the psychology of investors, the market was unlikely to rebound soon, they said, adding that low valuations were not appealing enough to overshadow potential risks.
The total value of trades yesterday was down 33 per cent from a day earlier, reaching just VND297.2 billion (US$14.2 million), of which VND137.8 billion ($6.6 million) came from transactions of top 30 shares.

Only three of the top 30 shares on the southern bourses climbed while 19 codes declined, driving the VN30 Index down 0.43 per cent to 459.04.

HCM City Infrastructure Investment (CII) was the biggest gainer, hitting the ceiling price of VND24,700 (US$1.18) a share, following news on Monday that the company will advance an 8-per-cent dividend in the form of cash for the first phase dividend this year.
Ending September, CII earned a total profit of VND218.37 billion ($10.4 million), an increase of more than 48 per cent over the same period last year.

However, shares in Tan Tao Investment Industry (ITA) were still the most active code with more than 2.5 million shares changing hands, closing off 2.33 per cent at VND4,200 a share.
Sluggish trading also depressed shares on the Ha Noi Stock Exchange, with the HNX-Index down 0.95 per cent to 53.13 points on a modest turnover of just VND259.35 billion ($8.1 million).

Shares of Nam Viet Bank (NVB) and Sai Gon-Ha Noi Bank (SHB) saw huge trading, with over 8 million NVB shares and 5.5 million SHB shares changing hands. While NVB closed flat at VND7,000 a share, SHB edged 5.26 per cent down at VND5,400 each.

NVB on Monday posted a nine-month profit of VND130.7 billion ($6.2 million), down 33.5 per cent year-on-year. The lender's deposits increased by 11.73 per cent to VND16.56 trillion ($788.6 million) but its bad debt rose from 2.92 per cent in the second quarter to 3.97 per cent by the end of September.

Foreign investors finished yesterday as net buyers on both stock exchanges, picking up a combined net buy of more than VND5 billion ($238,000) worth of shares.