Liquidity finally finds its feet

September 13, 2012 | 17:00

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A number of large-cap stocks suddenly drove up the market from a falling trend Thursday, helping even liquidity surge as well.

The VN-Index of Ho Chi Minh Stock Exchange (HoSE) ended up 3.01 points or 0.78 per cent to 391.36 points, after fluctuating during the session.

Even Hanoi Stock Exchange (HNX) also surged with the benchmark HNX-Index up 0.69 points or 1.2 per cent to 58.11 points.

Liquidity also soared thanks to large put-through transactions in the end of the session. Hoang Anh Gia Lai (HAG) had more than 4 million shared negotiated, Vincom Group (VIC) had 2.5 million shares negotiated, helping put-through value surging to VND334 billion ($16.1 million).

HoSE’s total liquidity reached 37.3 million shares worth VND703.1 billion ($34 million).

Several large-cap stocks were suddenly boosted up today. PetroVietnam Drilling and Well Services (PVD), Bao Viet Holdings (BVH), Hoa Phat Group (HPG) hit the ceiling with hundreds of thousands units matched each.

PetroVietnam Gas (GAS), Phu Nhuan Jewelry (PNJ) and PetroVietnam Fertilisers (DPM) gained some 2 per cent each.

Among banking stocks, Vietcombank (VCB) jumped 3.31 per cent and Military Bank (MBB) climbed 1.49 per cent. Sacombank (STB) and Vietinbank (CTG) ended flat.

Half the market ended higher, with 153 stocks up and 61 down. Several speculative stocks also turned head to soar, among them Licogi 16 (LCG), Ocean Group (OGC), Refrigeration Electrical Engineering Corp. (REE), Nari Hamico Minerals (KSS) hit the ceiling with top active matching volumes.

On HNX, the jump of leading stocks boosted the bourse. Securities companies VNDirect Securities (VND), Kim Long Securities (KLS), Saigon-Hanoi Securities (SHS), Bao Viet Securities (BVS) jumped 4-5 per cent each.

Petro Vietnam Construction (PVX) turned back to rise after three straight sessions hitting the floor. The stock outperformed the market with 4 million shares matched.

However, matching transaction stayed quiet. Tan Tao Investment Industry Corp. (ITA) and Sacom Development and Investment Corp. (SAM) outperformed the HoSE with more than one million shares matched each.

Liquidity stayed low on HNX. There were just 26 million shares worth VND179.9 billion ($8.7 million) changed hands on the bourse.