Shares rose on the two exchanges on December 9 as investors returned to purchase large-cap stocks with support information in expectation of a further expansion.
Shares rose on December 9 on the two exchanges as investors returned to purchase large-cap stocks with support information in expectation of a further expansion (Photo: thoibao.today)
Hanoi (VNA)- Shares rose on the two exchanges on December 9 as investors returned topurchase large-cap stocks with support information in expectation of a furtherexpansion.
The benchmark VN-Indexon the HCM Stock Exchange added 0.6 percent, trimming the weekly loss to 0.3 percent.
On the Hanoi StockExchange, the HNX-Index inched up 0.3 percent to 79.6 points and narrowed thisweek’s decline to 2 percent.
HCM City-listed brewerygiant Sabeco (SAB) continued to hit the ceiling price of a 7 percent rise,settling at 161,500 VND (7.11 USD) per share.
Other gainers included large-cap companies with support information, such asVinamilk (VNM), up 0.6 percent; insurer Bao Viet Holdings (BVH), up 1 percent;and PV Gas (GAS), up 1.5 percent.
Thai Fraser & Neave(F&N) announced a tender to buy a 5.4-per-cent stake of Vinamilk at thestarting price of 144,000 VND a share on the forthcoming December 12 shareauction, while PV Gas approved the plan of paying a 23-per-cent dividend for2016.
The VN-Index rose 4.18points, or 0.63 percent, but Sabeco contributed 3.3 points to the market’s gainwhile GAS put in 0.84 points and VNM 0.38 points.
Overall market conditionwas negative, however, with 247 stocks declining, 175 advancing and 273 closingflat.
Trading volume wasalmost unchanged with a total of 176 million shares traded on the two marketsbut the value of trades increased 14.3 percent over December 8 to reach nearly 3.2trillion VND (nearly 141 million USD).
Foreign investors liftedtheir sells on the day with total net value of over 375 billion VND on the twoexchanges. Their net sell value touched over 843 billion VND for the wholeweek. – VNA
Shares continued last week’s decline on Dec 5 on national stock exchanges as traders continued to sell riskier assets on fears of a further decline on the back of untamed selling by foreign traders.
Saigon Beer Alcohol Beverage Corp. (Sabeco) hit the daily limit rise of 20 percent on its first trading day on the main bourse in HCM City on December 6 but this was not enough to lift the market.
Shares rose for a second day on the HCM Stock Exchange on December 8, propped up by recovery of large-cap shares, while continuous foreign sells keep threatening market stability.
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Shares rose on December 9 on the two exchanges as investors returned to purchase large-cap stocks with support information in expectation of a further expansion (Photo: thoibao.today) 
