Five companies list today in HCM City HCM CITY — The Petroleum Equipment Assembly and Metal Structure Company (PXS) will list today on the board of the HCM City Stock Exchange.The Vung Tau-based company has charter capital of VND200 billion (US$10.5 million) and operates in the areas of designing, manufacturing and installing oil platform jackets and topsides, metal structurres and tanks.It also builds civil and industrial projects, including ports, and is involved in the real estate business.The PXS targets this year's net profit at more than VND26 billion. Its reference price stands at VND32,000.Today, two other HCM City-based companies, the Saigon Beverage&Transportation Company (SBC), will list eight million shares, and the Mekophar Chemical and Pharmaceutical Company (MKP), more than 9.2 million securities.The reference for SBC is VND27,000 and for MKP, VND78,000.Meanwhile, the board yesterday received a listing of 20 million shares of the Petroleum Pipeline&Tank … [Read more...] about Blue chips help Index inch up
Blue chips
Market fall eases on blue-chip rally
Market fall eases on blue-chip rally By Thuy Trieu - The Saigon Times Daily HCMC - Some blue-chips rebounded on Tuesday, easing the southern stock market fall. The VN-Index on the Hochiminh Stock Exchange fell just 6.48 points, or 1.96%, from the previous session at 322.8 points. The market plunged 15.65 points in the early matching phase to 313.63 points. However, an increase in buying of some big cap shares in the continuous matching phase helped the index lessen its decline to 9.58 points. The demand surged 63% to 22 million shares while the supply rose 6% to 30.5 million shares. At the close, the market's total trading volume grew 23.6% to 18.2 million shares worth VND499 billion. In the put-through session, there were 659,000 shares of VIC, 500,000 VPL, 510,000 shares of VIS amongst others traded. The market saw 28 stocks rising and 127 others falling, including 95 sliding to the floor prices. In terms of value, the most actively traded stock was again Sacombank (STB), which … [Read more...] about Market fall eases on blue-chip rally
Blue-chips lift index up 3.67%
Blue-chips lift index up 3.67% By Thuy Trieu - The Saigon Times Daily HCMC - Despite cautious trade on the first matching phase on Tuesday, the HCMC stock market suddenly staged a strong rally as many blue-chips hit the ceiling prices in next phases, pushing the VN-Index up 12.8 points, or 3.67%, to 361.44. The market opened in weak reaction to the prime rate cut decision made by the central bank on Monday as the VN-Index increased only 0.4 of a point in the first matching phase. The upward trend was consolidated in the third phase, making the VN-Index finish the session excitedly with an increase of 12.8 points to stand at 361.44. The market's liquidity also improved as the market's total trading volume was 19.5 million shares worth VND539 billion, increasing 20% from the previous session. There were 147 stocks rising versus 12 issues falling, including 100 stocks going to the ceiling prices and nine dropping to the floor prices. By sector, utilities, basic materials and telecom led … [Read more...] about Blue-chips lift index up 3.67%
Blue-chips grip market from uptrend
By Thuy Trieu - The Saigon Times Daily HCMC - While small and medium cap stocks continue to attract interest from investors, blue-chips declined on Monday with the VN-Index dropping 5.29 points, or 1.01%, to 516.74 after it grew 0.9%. Penny and medium stocks in fisheries and real estate caught the attention of investors as many of them such as ACL, ANV, ASM, BAS and HBC rose to the ceiling prices while blue-chips of SSI, STB, EIB, and VCB declined. The market saw 76 shares rise and 117 others fall, including 31 stocks that hit ceiling prices and 11 others that dropped to the floor prices. In terms of the VN-Index, IJC, HVG, and TS4 made the biggest positive contribution while MSN, BVH, and VCB contributed the least. Becamex Infrastructure Development Joint Stock Company on Monday debuted on the southern bourse under the code of IJC. The stock rose 20% to VND36,000 per share on the first trading day. The market's liquidity slightly declined. Investors bid for 107 million shares, … [Read more...] about Blue-chips grip market from uptrend
VN stocks up again on blue chips
The benchmark VN Index gained 0.63 per cent to close at 958.31 points. The southern market index rose total 1.83 per cent last week.The HNX Index on the Ha Noi Stock Exchange inched up 0.18 per cent to end at 113.23 points following weekly growth of 1.28 per cent.More than 215.4 million shares were traded on the two local exchanges, worth VND5.14 trillion (US$228.4 million), down 11 per cent in volume and 3.6 per cent in value compared to last week’s average daily trading figures.The VN30 Index, which tracks the performance of the 30 largest companies by market capitalisation and has a big impact on market movement, was up 0.36 per cent to 949.28 points.The large-cap group indicator was driven by strong growth of brewer Sabeco (SAB), insurer Bao Viet Holdings (BVH), property developer Vingroup (VIC), PetroVietnam Gas (GAS), petrol dealer Petrolimex (PLX) and Vietcombank (VCB).BVH, SAB and VIC were the three blue chips that achieved the highest growth rates, which were 6.2 per … [Read more...] about VN stocks up again on blue chips