Advancers outnumberd decliners by a four-to-one margin on the HCM City
Stock Exchange on Feb. 17, pushing the VN-Index up by over 1.7 percent
to a close of 403.30 points.
Total market volume increased 17 per cent over the previous day's level
to 40.8 million shares, even as the value of trades dropped by 17
percent to 547.7 billion VND (26.1 million USD).
Blue
chips surged, with many shares included in the VN30 Index hitting their
ceiling prices, including insurer Bao Viet Holdings (BVH), PetroVietnam
Finance (PVF), seafood processor Hung Vuong (HVG), financial
conglomerate Ocean Group (OGC), Becamex Infrastructure Development (IJC)
and Tan Tao Investment and Industrial Park (ITA).
Overall, the VN30 Index edged up 1.73 percent to 451.22 points, with ITA
being the most-active share on a volume of over 3 million. Of shares
tracked by the VN30, only those of real estate developer Vincom (VIC)
and Phu Nhuan Jewelry (PNJ) closed down slightly.
On the
Hanoi Stock Exchange, the HNX-Index gained 2 percent to close at
61.79 points. Advancers also overwhelmed decliners on the northern
bourse by 205-55.
Both trading volume and value grew 14
per cent over the previous day, totalling nearly 37 million shares worth
303.3 billion VND (14.4 million USD). VNDirect Securities (VND) shares
saw the heaviest trades, with 4.6 million units exchanged, soaring to
their ceiling price of 7,800 VND per share.
Foreign
investors continued to be net buyers in HCM City , picking up a net
of about a million shares worth 50 billion VND (2.4 million USD). They
became net sellers in Hanoi , unloading 7.3 billion VND (348,000 USD)
worth of shares./.
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