Both national benchmark indices rebounded on July 14 from last week'saccumulative drops thank to selling pressure that eased and gained fromlarge-cap stocks.
However, as the market was still cautious, liquidity saw no improvements over the previous trading sessions.
OnHochiminh Stock Exchange, boosted by blue chips' gains, the VN-Indexclosed on July 14 adding 0.59 percent at 586.23 points with gainersoverwhelming losers by 113-76.
Trading on July 14 was more stablewith selling pressure easing and investors reducing profit-bookingactivities to follow the new market trends.
According to FPTSecurities, if buyers accepted higher prices in the coming tradingsessions, gains of the VN-Index would be expanded and the upward trendwould be more solid.
More than 68 million shares worth 1.2 trillion VND (56.6 million USD) changed hands on the southern bourse.
Large-capstocks played a key role in lifting the benchmark indices, with theVN30-Index tracking, the southern bourse's 30 largest shares by marketvalue and liquidity, adding 5.44 points, or 0.87 percent, to end at632.54 points.
Blue chips gains were supported by promisingearnings of the year's first half, especially stocks of rubber and oiland gas sectors.
Of note were Da Nang Rubber Corporation (DRC)that rose 6.9 percent to its ceiling price of 54,500 VND (2.5 USD) andthe Southern Rubber Corporation (CSM) which gained 6.53 percent.
Othergainers included PetroVietnam Drilling Corporation (PVD) (up 3.57percent), PetroVietnam Low Pressure Gas Distribution (PGD) (up 3.1percent) and PetroVietnam Transportation Corporation (up 3.84 percent),while Masan Group (MSN), Tan Tao Group (ITA), Eximbank (EIB) andGemardept (GMD) fell and seven codes closed without any movement.
Accordingto Vietcombank Securities' reports, stocks of petrol and oil, energy,infrastructure construction and export sectors would become the market'shighlights in the second half of the year as these sectors wouldbenefit from the Government's policies on socio-economic development.
FLCGroup (FLC) was the most heavily traded stock in the southern boursewith more than 12.1 million shares changing hands on July 14, followedby another property stock, Tan Tao Group (ITA) with 3.67 million sharesbeing sold.
Mobile World Investment Corporation (MWG) rose by19.9 percent to close at 81,500 VND (3.85 USD) a share on its firsttrading day.
On the Hanoi Exchange, the HNX-Index advanced 1.11percent to finish at 79.49 points on the exchange of 34.4 million shareswith the total trading value of 466 billion VND (21.18 million USD).
The HNX30-Index, tracking the capital city's top stocks, ended 1.6 percent higher at 162.41 points.
PetroVietnamTechnical Services Corporation (PVS) attracted investors on July 14with 4.4 million shares traded and ending 7.2 percent higher at 32,000VND (1.5 USD) a share.-VNA
However, as the market was still cautious, liquidity saw no improvements over the previous trading sessions.
OnHochiminh Stock Exchange, boosted by blue chips' gains, the VN-Indexclosed on July 14 adding 0.59 percent at 586.23 points with gainersoverwhelming losers by 113-76.
Trading on July 14 was more stablewith selling pressure easing and investors reducing profit-bookingactivities to follow the new market trends.
According to FPTSecurities, if buyers accepted higher prices in the coming tradingsessions, gains of the VN-Index would be expanded and the upward trendwould be more solid.
More than 68 million shares worth 1.2 trillion VND (56.6 million USD) changed hands on the southern bourse.
Large-capstocks played a key role in lifting the benchmark indices, with theVN30-Index tracking, the southern bourse's 30 largest shares by marketvalue and liquidity, adding 5.44 points, or 0.87 percent, to end at632.54 points.
Blue chips gains were supported by promisingearnings of the year's first half, especially stocks of rubber and oiland gas sectors.
Of note were Da Nang Rubber Corporation (DRC)that rose 6.9 percent to its ceiling price of 54,500 VND (2.5 USD) andthe Southern Rubber Corporation (CSM) which gained 6.53 percent.
Othergainers included PetroVietnam Drilling Corporation (PVD) (up 3.57percent), PetroVietnam Low Pressure Gas Distribution (PGD) (up 3.1percent) and PetroVietnam Transportation Corporation (up 3.84 percent),while Masan Group (MSN), Tan Tao Group (ITA), Eximbank (EIB) andGemardept (GMD) fell and seven codes closed without any movement.
Accordingto Vietcombank Securities' reports, stocks of petrol and oil, energy,infrastructure construction and export sectors would become the market'shighlights in the second half of the year as these sectors wouldbenefit from the Government's policies on socio-economic development.
FLCGroup (FLC) was the most heavily traded stock in the southern boursewith more than 12.1 million shares changing hands on July 14, followedby another property stock, Tan Tao Group (ITA) with 3.67 million sharesbeing sold.
Mobile World Investment Corporation (MWG) rose by19.9 percent to close at 81,500 VND (3.85 USD) a share on its firsttrading day.
On the Hanoi Exchange, the HNX-Index advanced 1.11percent to finish at 79.49 points on the exchange of 34.4 million shareswith the total trading value of 466 billion VND (21.18 million USD).
The HNX30-Index, tracking the capital city's top stocks, ended 1.6 percent higher at 162.41 points.
PetroVietnamTechnical Services Corporation (PVS) attracted investors on July 14with 4.4 million shares traded and ending 7.2 percent higher at 32,000VND (1.5 USD) a share.-VNA
