Stocks gained slightly on the HCM City Stock Exchange on Feb. 9, with
the VN-Index edging up by 0.45 percent over the previous day's session
to close at 411.39 points.
The value of trades jumped
20.8 to a total of 771.5 billion VND (36.7 million USD), while volume
rose by 15.5 percent to 51.5 million shares.
Of the 10
leading shares by capitalisation, Sacombank (STB) hit its ceiling price,
while Eximbank (EIB), software giant FPT, food processor Masan Group
(MSN) and Vinamilk (VNM) all posted gains. Others in this group lost
value or closed unchanged.
The four-day-old VN30 index,
which tracks movements of a basket of leading shares, added 0.8 percent
to close at 464.73. The 30 stocks accounted for 365.5 billion VND (17.4
million USD) worth of the day's volume. Three banking stocks – Military
Bank (MBB), EIB and STB – were most favoured by investors, each with 3.8
to 4.1 million shares exchanged.
On the Ha Noi Stock
Exchange, the HNX-Index edged up 0.13 percent, concluding the session at
63.82 points. Profit-taking boosted volume by 37.6 percent to 56.4
million shares, while value reached 444.3 billion VND (21 million USD).
Habubank (HBB) emerged as the most-active share nationwide with around 9.2 million traded.
The nine listed commercial banks on both bourses have all released
their 2011 financial statements, showing profits up an average of 35
percent from 2010. Deposits in these listed banks as of December 31
totalled over 915 trillion VND (43.57 billion USD), up 18 percent over
the previous year.
Notably, HBB was the only bank that
profited from securities investments, reporting gains of over 385
billion VND (18.3 million USD). Its profits were comparable to the
previous year's but it held the dubious honour of the highest rate of
bad debts among the nine banks – 4.7 percent.
But the
allure of HBB shares to investors was their low price. Buy orders at
5,000-10,000 VND per share occupied much of Feb. 9's session.
Foreign investors continued to be net buyers on both exchanges on Feb.
9, picking a combined net of 79 billion VND (3.76 million) worth of
shares. /.
