Hanoi’s capital gains on market

PetroVietnam Construction (PVX) and Vinaconex JSC (VCG) along with Kim Long Securities (KLS), VnDirect Securities (VND) and Bao Viet Securities (BVS) helped the Hanoi Stock Exchange (HNX) rise today.

Gainers outran the decliners 163 to 102, pushing the HNX-Index up 0.4 points or 0.42 per cent to 92.37 points.

The Ho Chi Minh Stock Exchange (HoSE) lost 3.05 points, or 0.66 per cent, to close at 460.53 points, despite the gains of 103 stocks against 106 decliners.

Investors are paying more interest to the northern bourse as they believe the HNX-Index more accurately reflected the market’s movements.

Liquidity was slightly down some 3 per cent to VND816 billion ($39.4 million) on the HoSE, while up more than 10 per cent on the HNX to VND520 billion ($25.1 million).

The PVX outperformed the northern bourse with more than 4.6 million units changing hands. VND and VCG followed with some 3.5 million shares traded each.

Meanwhile, foreigners seemed to shift attraction to the northern bourse which saw net buying for four consecutive sessions. The net buying value significantly increased to more than VND33 billion ($1.6 million) today.

The foreign investors’ buying trend focused on VCG, PVX, PVS and KLS.

On the HoSE they were net sellers cashing-out more than VND15 billion ($724,000) in this session, although strongly buying Vietinbank (CTG).

Vietinbank (CTG) hit the ceiling today, while Bao Viet Holding (BVH) and Masan Group (MSN) hit the floor. Several other blue-chips sharply fell down, among them Vietcombank (VCB), PetroVietnam Fertilisers (DPM) and FPT Corp. (FPT).

In contrast, Saigon Securities Inc. (SSI), Sacombank (STB) and PetroVietnam Finance slightly gained. Hoang Anh Gia Lai (HAG) and Vincom Corp. (VIC) were also up.

Ocean Holding (OCH) climbed, while Sacomreal (SCR) was off. Habubank (HBB) and Asia Commercial Bank (ACB) both ended flat.