Stocks benefit from margin trading warning

Vinpearl Tourism and Trading (VPL) led the gainers adding VND2,000 to VND88,000. A mass of major stocks like Masan Group Corp. (MSN), Khang Dien House Trading and Investment (KDH), Phu Nhuan Jewelry (PNJ), PetroVietnam Drilling and Well Services (PVD), PetroVietnam Fertilisers significantly advanced with hundreds of thousand units each matched, after being lackluster for several previous sessions.

Vincom Corp. (VIC), Bao Viet Holdings (BVH) and FPT Corp. (FPT) slightly climbed. The securities company stock Ho Chi Minh Securities (HCM) jumped amid common falls of other same sector stocks.

Up to 133 stocks ended higher on the main Ho Chi Minh Stock Exchange (HoSE), outrunning 80 decliners. The benchmark VN-Index climbed 1.68 points or 0.41 per cent to 412.89 points.
Meanwhile, stocks named in lists of ineligible securities for margin trading continued falling, although selling trends in those stocks lowered their pace. Some securities companies announced today that they would early stop providing margin trading for banned stocks.

Saigon Securities Inc. (SSI) shed 1.65 per cent with more than one million shares changing hands. On the Hanoi Stock Exchange, Kim Long Securities (KLS), VnDirect Securities (VND), Wall Street Securities (WSS), Vietnam Construction and Import - Export (VCG) and Bao Viet Securities (BVS) all lost out.

However, investors still much cashed in several low-price stocks like Thuan Thao Corp (GTT), Sacom Development and Investment Corp (SAM), PetroVietnam Transportation Corp. (PVT), Hoa Sen Group (HSG).

The Hanoi Stock Exchange (HNX) slipped 0.37 points or 0.53 per cent to 69.11 points. Decliners overwhelmed advancers 128 to 99. Some 89 stocks ended flat.

Liquidity reduced on lowering demand and supply, reaching 29 million shares worth VND438.3 billion ($21.4 million) on the HoSE. Put-through volume made up a significant part of 6.6 million shares worth VND101 billion ($4.9 million).

The total volume of HNX stood at 31 million shares, worth VND306.5 billion ($15 million), with 3.7 million shares worth VND33.4 billion ($1.7 million) negotiated.