Hanoi market finishes week on a high

March 18, 2011 | 15:08

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Investors massively cashed in on the Hanoi Stock Exchange Friday, in a big boost to the bourse.

Liquidity soared to VND828 billion ($40 million) on the Hanoi exchange, up 63 per cent from yesterday’s VND520 billion ($25.1 million). Trading volume hit 53.1 million.

PetroVietnam Construction (PVX) was bought the most with more than five million units changing hands. VnDirect Securities (VND) and Kim Long Securities (KLS) followed with more than four million shares traded each.

Vinaconex JSC (VCG), Habubank (HBB), Bao Viet Securities (BVS) were among several stocks strongly active today, with from one million to three million shares changing hands each.

Foreigners aggressively bought shares, focusing on VCG, KLS, PVX and PVS. Net buying value hit VND35 billion ($1.7 million) today.

Great demand for mid-cap and small cap stocks on HNX boosted the bourse significantly up. The HNX-Index added 3.06 per cent (2.83 points) to close at 95.21 points.

At the close, 262 stocks rose with up to 82 hit the ceiling, compared with just 56 down and 56 unchanged.

Sectors were largely up on the HNX, notably almost all securities companies shares hitting the ceiling. Banking shares saw modest gains.

On the Ho Chi Minh Stock Exchange (HoSE), mid-cap and small-cap largely rose as well. Advancers overwhelmed decliners 193 to 50, with up to 50 stocks hit the ceiling.

The benchmark VN-Index, however, dragged by large-cap stocks saw just a slight gain of 0.55 points or 0.12 per cent, closing at 461.08 points.

Bao Viet Holding (BVH), Masan Group (MSN) and Hoang Anh Gia Lai Group (HAG) topped the decliners pushing the bourse down.

Vietinbank (CTG) continued to be strongly bought by foreigners, hitting the ceiling today.

By Hai Linh

vir.com.vn

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