Liquidity jumps on rebound

June 07, 2012 | 18:00
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Liquidity improved Thursday in line with a strong rebound in benchmarks.

Matching value surged to VND892.7 billion ($43.1 million) on the Ho Chi Minh Stock Exchange (HoSE). That figure also jumped to VND686 billion ($33.1 million) on the Hanoi Stock Exchange (HNX).

HoSE’s total liquidity was 71.3 million shares worth VND1.14 trillion ($55.1 million), while the HNX reached 74 million shares worth VND739.8 billion ($35.7 million).

Trading volumes of some hot stocks were pushed several times higher. Tan Tao Investment Industry Corp. (ITA) saw more than five million shares matched, outperforming the southern bourse. Sacom Development and Investment Corp. (SAM) and Saigon Securities Inc. (SSI) followed with some 2.5 million shares matched each.

On the HNX, matching volumes of PetroVietnam Construction (PVX) soared to more than 12 million units. A mass of hot stocks like Habubank (HBB), Kim Long Securities (KLS), VNDirect Securities (VND), Saigon Commercial Real Estate (SCR) saw 3-4 millions shares matched each.

Investors’ sentiment rallied as the market fell to a strong resistance level, with benchmarks significantly jumping in recent sessions. Meanwhile, a series of current good news like price reductions in petroleum, commercial banks’ lower lending interest rates were believed to add up to the sentiment.

The market’s rise was even stronger today, with several key pillar stocks driven up. Bao Viet Holdings (BVH) and PetroVietnam Gas (GAS) both hit the ceiling. Vietcombank (VCB) and Vincom Corp. (VIC) significantly rose.

Real estate, mineral and rubber sectors continued led the gainers amidst the market recovery. Bidding orders for those shares were aggressively sent, while offering orders were quickly executed until the end of the session.

Quoc Cuong Gia Lai (QCG), Kinhbac City Development Share Holding Corp. (KBC), Ho Chi Minh City Infrastructure Investment (CII), Dat Xanh Real Estate Service & Constructions Corp. (DXG), Ocean Group (OGC) massively hit the ceiling. Cheap stocks in the sector like Hoang Quan Consulting-Trading-Service Real Estate Corp. (HQC), International Development and Investment Corp. (IDI) saw large volumes of bidding orders remaining at the close.

Mineral and rubber stocks like Tay Bac Minerals Investment (KTB), Bac Giang Exploitable Mineral (BGM), Danang Rubber (DCR) also massively jumped on strong demand as well.

At the close, VN-Index was up 8.56 points or 1.88 per cent to 434.95 points. HNX-Index gained 2.9 points or 2.83 per cent to 75.5 points.

By Hai Linh

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