Benchmark indices continued to rise even as blue-chip shares levelled off in Vietnam on October 9.
At the Hochiminh Stock Exchange, the VN-Index put on 1.15 percent to reach 624.34 points. Trading value remained high at VND3 trillion (141.5 million USD) as trading volume reached 163.3 million shares.
However, the VN30 Index, representing the performance of the 30 largest stocks, shed 0.28 percent to drop to 657.11 points. Seven of the large-cap stocks posted gains, notably steelmaker Hoa Sen (HSG) at 4.9 percent and PetroVietnam Drilling Services (PVD) at 3 percent.
Meanwhile, a total of 17 stocks tumbled, with Da Nang Rubber (DRC) and property developers Hoang Anh Gia Lai (HAG), Becamex (IJC) and Vingroup (VIC) joining Pha Lai Thermalpower (PPC) and PetroVietnam Transportation (PVT) at losses of between 2 to 5 percent.
PetroVietnam Gas (GAS) and Mobile World (MWG), blue-chip shares that are not in the VN30 Index, hit their ceiling prices.
On the Hanoi Stock Exchange, the HNX-Index finished at 91.35 points, advancing by 0.16 percent. The HNX30 Index also increased by 0.27 percent to 186.29 points.
Trading value improved slightly to 1.2 trillion VND (56.6 million USD) as trading volume reached nearly 79.3 million shares.
FPT Securities Company analysts noted what they called “a differentiation between shares of different sectors.”
“Therefore, the most vital element in making profit from trading depends on the sensibility of investors,” they said, and suggested that investors continue purchasing shares of companies reporting high profits in the third quarter of this year.-VNA
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