Military Bank is marching on

August 15, 2012 | 17:00

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Military Bank (MBB) stirred the market Tuesday, helping the market significantly rebound.

Military Bank witnessed a huge volume of 22.6 million shares matched on Ho Chi Minh Stock Exchange (HoSE), far surpassing the second-active stock Tan Tao Investment Industry Corp. (ITA) with just 1.1 million shares matched.

Liquidity of other stocks all dropped to less than 1 million shares level.

Military Bank ended up 2.8 per cent, after hitting the ceiling during the session. Momentum level expanded to other blue-chips. Saigon Securities Inc. (SSI) and Vietcombank (VCB) both advanced nearly 1.5 per cent each.

Blue-chip Vinamilk (VNM) came back to hit the ceiling today with as high as 300,000 units matched. Bao Viet Holdings (BVH) and Eximbank (EIB) slightly added.

Several speculative stocks turned head to rally, among them mineral stocks Tay Bac Minerals Investment (KTB) jumped 3.37 per cent, Nari Hamico Minerals (KSS) 3.3 per cent, Binh Thuan Mineral Industry (KSA) 2.19 per cent. Real-estate pennies Dat Xanh Real Estate Service & Constructions Corp. (DXG) and Fecon Foundation Engineering and Underground Construction (FCN) sharply rose.

Sacombank Securities (SBS) still jumped today despite the ongoing prosecution about price manipulation of the company.

Nearly half the market ended up, namely 148 stocks advanced compared with 68 losing. The benchmark VN-Index gained 3.3 points or 0.77 per cent to end at 429.47 points.

Liquidity was also boosted, with matching value reaching nearly VND700 billion ($33.8 million). Put-through transactions rallied today, with millions units of stocks like Vietinbank (CTG), Vinamilk (VNME) were changed hands.

Overall, some 50.5 million shares worth VND1 trillion ($48.3 million) were traded on the southern bourse today.

Sentiment meanwhile stayed weak on Hanoi Stock Exchange. Liquidity was of just VND297.3 billion ($14.4 million) on the bourse.

Advancers outran decliners 115 to 78, helping the benchmark HNX-Index up 0.36 points or 0.51 per cent to 70.32 points.

Habubank outperformed the market today with 5.3 million shares matched, losing 1.92 per cent.