The investor confidence strengthened on signs of
growing cash injected into the market, a stock ananalyst in Hanoi said,
given improving liquidity in the past weeks.
The HNX-Index added 1.47 points, or 0.86%, to 172.7,
the highest close since January 15. The measure climbed 2.78% in the
three-day run.
The today advance raised the year-to-date gain of the
gauge to 2.7%, according to FPT Securities. Last year, the measure rose
60%.
Among 266 stocks listed on the northern bourse, 124
stocks advanced, 113 declined, 21 closed unchanged and eight were
untraded.
The market trading was up 15% from a day earlier to
33.19 million shares valued at VND1,142 billion, up 22%.
PetroVietnam Construction (PVX
), the most active
stock on a trade of 4.53 million shares, rallied 2.33% to close at
VND26,300.
Real estate developer Vinaconex (VCG) came next in
liquidity with 2.65 million shares, which slid 0.7% to VND56,900.
Vietnam German Steel Pipe (VGS) retreated 1.13% to
finish at VND26,300 on a trade of 1.65 million - the third most active
issue.
Stock brokerages increased. Kim Long Securities (KLS)
jumped 6.81% to end at VND25,100. Bao Viet Securities (BVS) went up
3.72% to close at VND41,800.
Banks slightly declined. Asia Commercial Bank (ACB)
and Saigon Hanoi Bank (SHB) lost less than 1%.
Saigon Quy Nhon Mineral Corp (SQC), the second
largest listing on the northern bourse, rose nearly 1% to close at
VND140,000 per share. The movement of SQC clearly reflected on the sharp
movement of the market gauge.
INN was the biggest drag, dropping 6.96% to VND14,700
while CIC was the biggest gainer on the gauge, adding 7% to close at
VND21,400.