Shares become hot property

January 31, 2012 | 16:00

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Demand for shares jumped Tuesday after the market jumped in continuous sessions.

The total trading value hit VND509 billion ($24.6 million) on the Ho Chi Minh Stock Exchange (HoSE), nearly doubling the figure from Monday’s session. Put-through value was of VND27.6 billion ($1.3 million).

The figure also soared to VND322.3 billion ($15.6 million) on the Hanoi Stock Exchange (HNX), with a volume of 38.7 million shares.

Up to 10 stocks saw matching volumes exceeding one million units, mainly large-cap ones. Eximbank (EIB) outperformed the southern bourse with 2.6 million shares matched, while Saigon Securities Inc. (SSI) and real estate stocks Ninh Van Bay Real Estate (NVT), Hoang Anh Gia Lai (HAG) and Becamex Infrastructure Development (IJC) had 1.3-1.6 million shares matched.

Some 149 stocks advanced on the bourse, compared with 79 off and 78 unchanged.
On the HNX, leading stocks Kim Long Securities (KLS), VNDirect Securities (VND) and PetroVietnam Construction (PVX) were strongly bought with matching volume jumping to over three million units each. Habubank (HBB), Saigon-Hanoi Bank (SHB) and other major stocks rallied as well.

However, rising momentum was reduced as the holders locked in profits. Some blue-chips started falling. PetroVietnam Fertilizers (DPM), Vietinbank (CTG) and Bao Viet Holdings (BVH) all slipped. FPT Corp. (FPT) also fell despite robust business result.

SSI, Tan Tao Investment Industry Corp. (ITA) also reduced its gains at the ending period of the session.

The benchmark VN-Index saw modest gains of 3.03 points or 0.79 per cent, much lower than the gain of 12 points in yesterday’s session.

The HNX-Index added 1.25 points or 2.11 per cent to close at 60.59 points, helped by 202 stocks rising. Just some 55 stocks declined and 136 ended flat.