Banking, blue-chip stocks continue to lift market

Vietnam’s benchmark VN-Index advanced the second trading session on March 14 as some banking and blue-chip stocks continued to prop up the market while real estate stocks dropped sharply.

The gauge of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange strengthened 1.04 per cent, or 4.47 points, to close at 433.86 points.

Among the index members, 95 climbed, 165 receded, while 50 stocks remained unchanged.

More than 64.08 million shares changed hands at a total value of VND986.46 billion on the city bourse today.

Ninh Van Bay Travel Real Estate Joint Stock Company (NVT) was the most active share in volume with 4.66 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) followed with 4.53 million shares.

Military Commercial Joint Stock Bank (MBB) came next with 3.63 million shares traded.

Royal International Corporation (RIC), Idico Urban & House Development Joint Stock Company (UIC), Binh Duong Construction & Civil Engineering Joint Stock Company (BCE) and Ba Ria Thermal Power Joint Stock Company (BTP) were the biggest gainers on the southern trading floor. They all gained 5 per cent to close at VND6,300, VND10,500, VND8,400, and VND4,200 respectively.

Da Nang Rubber Joint Stock Company (DRC) grew 4.98 per cent to close at VND25,300.

NBB Investment Corporation (NBB) built up 4.92 per cent to close at VND38,400.

Pan Pacific Corporation (PAN) plummeted 8.48 per cent to close at VND15,100. The company will pay dividends for the first term of 2011 to its current shareholders in cash at a ratio of 10 per cent on April 6.

Basa Joint Stock Company (BAS) lost 8.33 per cent to close at VND1,100.

Ba Ria - Vung Tau House Development Joint Stock Company (HDC) cropped 7.61 per cent to close at VND17,000.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – rose 4.81 points, or 0.99 per cent, to end at 491.23. Among its 30 members, 10 stocks gained, 17 retreated, and 3 were unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north contracted 1.79 per cent, or 1.26 points, to close at 69.28 points with 109 winners, 173 losers, and 54 stocks treaded water. Around 67.41 million shares changed hands at a total value of VND589.58 billion.

The UPCoM-Index of unlisted shares surged 0.32 per cent, or 0.11 points, to close at 34.5 points. A total of 153,700 shares changed hands at VND790 million.

By Thuy Doan

Other news