Giants create small gains

October 26, 2011 | 15:33

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The two stock exchanges slightly added Wednesday on the back of major companies’ profit results.

Among the gainers, banking shares largely climbed after major banks posted strong profits. Vietinbank (CTG) gained 3.9 per cent, Eximbank (EIB) 1.37 per cent, Saigon-Hanoi Bank (SHB) 1.52 per cent and Habubank (HBB) up 1.59 per cent.

Bao Viet Holdings (BVH), Vincom Corp. (VIC) and Masan Group (MSN) significantly gained. A mass of leading producing stocks FPT Corp. (FPT), PetroVietnam Drilling and Well Services (PVD), Hoa Phat Group (HPG) advanced.

The benchmark VN-Index added 2.76 points or 0.66 per cent to close at 412.1 points.

In contrast, some major stocks like Vinamilk (VNM), Sacombank (STB), Saigon Securities Inc. (SSI) fell. Hoang Anh Gia Lai (HAG) strongly dropped.

Liquidity remained low on weakening market sentiment. Investors proved increasingly cautious amid a gloomy economic outlook, particularly caused by strained banking interest rates. Matching volume still stood at below VND300 billion ($14.6 million) today.

FPT Corp. (FPT) suddenly saw more than 4 million units negotiated today, pushing the put-through volume to 6.8 million shares worth VND272.5 billion ($13.3 million).

Total volume was of 25.3 million shares worth VND566.38 billion ($27.6 million). Some 115 stocks were off and 92 up.

Hanoi Stock Exchange’s (HNX) HNX-Index added 0.25 points or 0.37 per cent to 67.97 points, helped by a number of major stocks like SHB, HBB rising.

However, most driving stocks like Kim Long Securities (KLS). VnDirect Securities (VND), Wall Street Securities (WSS), Bao Viet Securities (BVS), PetroVietnam Construction (PVX) ended lower or flat.

Total volume hit 21.3 million shares worth VND217.7 billion ($10.6 million).