HAG, HNG push up stock marketMonday, March 20,2017
AsemconnectVietnam - The property sector did well on March 16 with HAG and its affiliate HNG advancing on strong buys by foreign investors, sending the local market back to green territory after just one day of losses.
HAG went up to the ceiling price of VND8,870 a share and took the lead in terms of liquidity with over 23 million shares changing hands. HNG also hit the upper limit of around VND10,000 each with volume of nearly 5.8 million shares.
According to the stock market news site tinnhanhchungkhoan.vn, HAG and HNG have increased sharply over the past two months given rising global rubber prices. In addition, HAG has turned attractive to foreign investors again as it has successfully restructured its debt.
Other real estate stocks like ROS, FLC, NVL, HQC and HBC also saw active trading. In which, FLC reported matching volume at nearly VND20.6 million shares, followed by HQC with 11.3 million shares, ROS with 5.6 million shares and DXG 3.9 million shares.
However, ROS, NVL, BID and MSN closed in the red, preventing the VN-Index from hitting the 715-point level. Among securities and petroleum stocks, SSI jumped 4.7% to VND22,300 per share with over 6.6 million shares exchanged while HCM, PVD and PVT has trading volumes from one million shares each.
Overall, turnover on the HCMC market improved strongly against Wednesday with 179 million shares worth more than VND3.9 trillion traded. Put-through transactions totaled 16.7 million shares worth VND516 billion, including notable deals of 3.2 million NVL shares, 3.3 million AMD shares and nearly 1.5 million GTN shares.
The Hanoi market extended its rising streak to the third straight session, with the HNX-Index adding 0.51 point, or 0.59%, at 87.97. There were 55.3 million shares worth nearly VND784 billion changing hands at the end of the day, including large put-through transactions of 12.7 million ACB shares worth VND270 billion.
Aside from huge bloc deals, ACB still reported matching volume of over 1.8 million shares, closing the session up 0.4% at VND23,200 each. Meanwhile, HUT shot up to the ceiling price of VND14,900 per share with the biggest matching volume of 4.5 million shares.
KLF ranked second for matching volume with 3.9 million shares, ending at the reference price of VND2,700 each share. PVS, CEO, SHS and VCG were also among the most actively traded stocks on the northern bourse.
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