ETF options ignite investors

December 17, 2012 | 17:00
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Banking stocks and blue-chips soared Monday as investors speculated on trading activities of exchange-traded funds.

Exchange-traded fund Market Vectors Vietnam Index officially announced its quarterly review of its portfolio, which excluded Vietinbank (CTG).

“Given the amount of cash accumulated via the sales of CTG, other constituents of this index will likely enjoy nice rallies,” said ACB Securities this morning.

Among large-cap stocks, Tan Tao Investment Industry Corp. (ITA), PetroVietnam Finance (PVF), Hoang Anh Gia Lai (HAG), Sacombank (STB), Vietcombank (VCB), Ocean Group (OGC), PetroVietnam Fertilier and Chemical Corp. (DPM), Song Da Urban & Industrial Zone Investment and Development (SJS), Hoa Phat Group (HPG) all sharply rose or even hit the ceiling on big demand for those shares.

In contrast, Vietinbank (CTG) hit the floor today with more than 300,000 shares sold. Kinh Bac City Development Share Holding Corp. (KBC), which is also excluded along with Vietinbank (CTG) also hit the floor today.

Besides, Vinamilk (VNM), Vincom Group (VIC) and Bao Viet Holdings (BVH) dragging down the market. Military Bank (MBB) modestly fell and Eximbank (EIB) ended flat.

Liquidity significantly added up on both bourses with quite exciting sentiment of speculators. Matching value reached VND539 billion ($25.9 million) on HoSE and jumped to VND377.2 billion ($18.1 million) on HNX.

Particularly, a strong jump of put-through value on the HoSE helped total liquidity of the northern bourse amounting to 67.4 million shares worth VND964.7 billion ($46.4 million). HNX liquidity also jumped to 67.6 million shares worth VND434.5 billion ($20.9 million).

Advancers outran decliners 134 to 79 on HoSE. Several small-cap and mid-cap like Duc Long Gia Lai (DLG), Tai Nguyen Corp. (TNT), Lao Cai Mineral Exploitation & Processing (LCM), Fecon Foundation Engineering and Underground Construction (FCN), Hoang Quan Consulting-Trading-Service Real Estate Corp. (HQC) also enjoyed a rallying session.

On HNX, Saigon-Hanoi Bank (SHB) continued having huge trading volume with the matching volume amounting to 16.9 million shares. The ticker ended up 3.77 per cent.

Several leading sentiment tickers of the southern bourse also rallied, among them Saigon Commercial Real Estate (SCR), Petro Vietnam Construction (PVX), PetroVietnam Power Land (PVL). PetroVietnam Technical Services Corp. (PVS) and PetroVietnam-Nghe An Construction (PVA) also sharply rose.

Advancers also outran decliners on the northern bourse, with 185 stocks up, 85 off and 186 unchanged.

However, the fall of a big part of large-cap stocks reined in the market’s rise. VN-Index ended up 1.42 points or 0.36 per cent to 393.63 points. HNX-Index just slightly added 0.03 points or 0.06 per cent to 54.47 points.

By Hai Linh

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