HNX cools its heels at week’s end

September 09, 2011 | 16:57

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The Hanoi Stock Exchange ended the week with a slight fall, as investors remained cautious after previous exciting sessions.

The HNX-Index shed 0.16 points or 0.21 per cent to 76.78 points. The benchmark soared Wednesday after the central bank’s signs of lowering interest rates - but reduced its rising momentum Thursday.

Analysts largely expected the market would adjust in next sessions, as investors increasingly sold shares given the market’s sudden rises.

“The HNX-Index might fluctuate in upcoming times,” expected ACB Securities, adding that “VN-Index will probably end flat or fall back.”

Driving stocks largely fell on the bourse today, with major securities company shares losing 2-3 per cent. PetroVietnam Construction (PVX) and Thai Hoa Vietnam Group JSC (THV) dropped.

Decliners and advancers ran almost evenly on the bourse, with 131 up and 137 down. Some 67 stocks ended flat.

HXN’s liquidity, however, kept high at 60.3 million shares worth VND715.49 billion ($34.9 million).

Decliners also increased on the Ho Chi Minh Stock Exchange (HoSE) to 83 stocks, doubling that on yesterday’s session.

Major financial shares Saigon Securities Inc. (SSI), Sacom Development and Investment Corp (SAM), Sacombank (STB), PetroVietnam Finance (PVF) were among decliners.

The benchmark VN-Index, however, gained 6.66 points or 1.47 per cent to 459.92 points, buoyed by pillars Masan Group (MSN) hitting ceiling and Bao Viet Holdings (BVH), Vincom Corp. (VIC) jumping.

Among top gainers, mineral shares Nari Hamico Minerals (KSS), Hamico Group Mineral (KSH) and Bac Giang Exploitable Mineral (BGM) hit the ceiling today. Tay Bac Minerals Investment (KTB) also significantly rose.

Liquidity reached 47.27 million shares worth VND716 billion ($34.9 million).

By Hai Linh

vir.com.vn

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