Stocks rise as session closes

The shares on the Ho Chi Minh Stock Exchange swam upstream at the end of the July 29 trading session to finish a tad higher than yesterday amid investor hesitancy to buy stocks at lower prices.

VN-Index, which tracks 250 companies and four mutual funds, inched up 0.02 percent, or 0.11 points, to close at 491.11.
Liquidity on southern market severely dropped, as just around 37.4 million shares changed hands at VND1.1 trillion.
On the index, 100 stocks advanced, 96 retreated, while 58 remained unchanged.
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH) was the most active share by volume, with 1.57 million shares changing hands.
PetroVietnam Finance Joint Stock Corporation (PVF) came next with 1.49 million shares, followed by Gemadept Corporation (GMD) with 1.09 million shares traded.
620 Chau Thoi Concrete Corporation (BT6) and Khanh Hoa Power Joint Stock Company (KHP) both shot up 4.96 percent to VND74,000 and VND12,700 respectively.
From July 27 to September 27, Do Phuong Vi, wife of Le Anh Khoi – public relations agent of Khanh Hoa Power Joint Stock Company (KHP), registered to sell all her holdings of 3,100 shares for personal need.
FPT Corporation (FPT) climbed 4.93 percent, to VND74,500, from VND71,000 yesterday. The company’s pre-tax profits in the first six months of this year has reached more than VND1.08 trillion, up 38.1 percent year-on-year, and completing 51.29 percent of their goals for this year.
Binh Duong Trade and Development Joint Stock Company (TDC) closed up 4.91 percent to VND36,300.
Information and Networking Technology Joint Stock Company (CMT) declined for the second consecutive day, decreasing the daily maximum allowed limit of 5 percent to VND38,000.
Techno - Agricultural Supplying Joint Stock Company (TSC) fell for a third straight day, losing 4.96 percent to VND23,000.
Royal International Corporation (RIC) edged down 4.93 percent to VND19,300.
Stocks on the smaller bourse in the north also made a U-turn at the end of the trading session, gaining 0.4 percent, or 0.61 points, to close at 152.99. Trading volume rose to the highest level in the past five trading sessions, reaching 46.3 million shares, worth VND1.28 trillion.
The UPCoM-Index lost 0.59 points to 51.55 points. The market of unlisted stocks saw 326,300 shares change hands, at VND5.8 billion, as of 11 am local time.

By Sao Khue

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