No golden moves for market

July 14, 2011 | 16:26

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A few blue-chips supported the Ho Chi Minh Stock Exchange (HoSE) Thursday, despite bullion prices hitting record highs.

Gold was sold for more than VND38.6 million ($1,883) per tael in Vietnam this morning, up some VND430,000 against Tuesday’s close, a move seen as unfavourable for local stock market.

The benchmark VN-Index, however, added 0.75 points or 0.18 per cent to 418.93 points, helped by Bao Viet Holdings (BVH), Vietcombank (VCB) and PetroVietnam Finance (PVF) hit the ceiling.

Saigon Securities Inc. (SSI), Hoang Anh Gia Lai (HAG) and Song Da Urban & Industrial Zone Investment and Development (SIS) all significantly rose.

Mid-cap stocks largely rose as well, led by Everpia Vietnam (EVE) hitting the ceiling and Imexpharm Pharmaceutical (IMP) jumping 3.23 per cent. Some 85 stocks advanced on the southern bourse, while 101 fell and 97 ended flat.

Among the decliners were Vincom Corp. (VIC) and several major stocks like FPT Corp. (FPT), Hoa Phat Group (HPG) and PetroVietnam Drilling and Well Services (PVD).

Liquidity kept low at 24 million shares worth VND460 billion ($22.4 million), of which put-through volumes remained high at 8.5 million shares worth VND174.7 billion ($8.4 million).

The Hanoi Stock Exchange’s (HNX) HNX-Index slightly shed 0.07 points or 0.1 per cent to 71.88 points.

Kim Long Securities (KLS) advanced, while Bao Viet Securities (BVS) and VnDirect Securities (VND) eased back.

Real-estate shares PetroVietnam Power Land (PVL) and SongDa Infrastructure Construction (SDH) strongly dropped, while Sacomreal (SCR) and Song Da Investment and Construction (SDD) unchanged.

Some 100 stocks climbed, 128 declined while 156 unchanged and 89 un-traded. Liquidity reached 19.56 million shares worth VND216.34 billion ($10.4 million).

By Hai Linh

vir.com.vn

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