Stocks rise on both bourses on positive CPI data

Thien Thanh Sanitaryware joint company



Stocks rise on both bourses on positive CPI data

Stocks improved on November 25 on both exchanges, driven by blue chips, after two days of falls.

Investors reacted positively to the consumer price index (CPI) data. The General Statistics Office on November 24 reported CPI in November dropped by 0.27 percent month-on-month on continuous decreases in petroleum prices.

On the Ho Chi Minh Stock Exchange, the VN-Index added 0.58 percent to end at 585.91 points while the VN30 which tracks the top 30 shares by market value and liquidity was up 1.11 percent to close at 623.23 points.

Large-cap shares like VinGroup (VIC), Hoang Anh Gia Lai Co (HAG), Masan Group (MSN), Kinh Do Corp (KDC) rose between 2.5-4.9 percent.

However, the slump of PV Gas (GAS), the biggest stock in terms of market value, restrained the market uptrend. GAS was down 0.5 percent to settle at 98,500 VND (4.62 USD) a share.

Liquidity remained modest in HCM City with the market volume totalling 114 million shares worth 2.07 trillion VND (97.2 million USD).

Quang Nam Rubber Investment Co (VHG) remained the most active stock by the end of the session with 15.7 million shares traded, but the share price declined 3.3 percent to finish at 14,600 VND (0.7 USD) a share.

One of the most active stocks, FLC Group (FLC), on November 25 came second on trades of almost 14 million shares, slipping 1 percent to 12,200 VND (0.58 USD) per share.

On the Hanoi Stock Exchange, the HNX-Index also increased 1.04 percent to close at 88.93 points but liquidity drained.

The trading volume totalled just nearly 44 million shares worth 600 billion VND (28.2 million USD), down 20 percent in volume and 30 percent in value compared with the levels on November 24.

KLF Joint Venture Global Investment Co (KLF) was still the most heavily-traded stock on the northern bourse with 11 million shares. It rallied 2.86 percent to end at 14,400 VND (0.69 USD) a share.

Foreign investors returned to be net buyers on both markets, picking up shares worth a combined 58 billion VND (2.7 million USD).

Viet nam plus