Illustrative image (Source: VNA)Hanoi (VNA) — Shares edged up for asecond day on December 15 on both exchanges despite December 14’s decision bythe US Federal Reserve to hike its benchmark interest rate.
The VN Index on the HCM Stock Exchange inched upby 0.12 percent to close at 665.9 points. The gauge increased 1.6 percent onDecember 14.
On the smaller Hanoi exchange, the HNX Indexadded 0.36 percent to end at 78.9 points, lifting the two-day rally to nearly1.3 percent.
The overall market condition was positive with217 stocks advancing, 195 declining and 283 closing flat.
On December 14, the US Fed raised its keyshort-term rate to a range of 0.5-0.75 percent from 0.25-0.5 percent. This isthe second hike in a decade.
Among large-cap stocks, brewery giant Sabeco(SAB) hit the ceiling of a 7 percent rise for the eighth consecutive session to211,500 VND (9.32 USD) per share, making it the most expensive stocknationwide.
The share has gained 92.3 percent in value sinceits stock market debut on December 6, making it the second largest share bymarket capitalisation on the HCM Stock Exchange after Vinamilk (VNM), valued atover 135.6 trillion VND.
On the other end of the spectrum, many loserswere large-cap stocks such as Vinamilk (VNM), PV Gas (GAS), lender BIDV (BID),real estate developer VinGroup (VIC), Military Bank (MBB) and PetroVietnamDrilling and Well Services (PVD).
Foreign investors continued to offload localshares in the HCM City’s market yesterday, for the value of nearly 26 billionVND, a strong increase compared to a net value of just 249 million VND on December14.
In Hanoi, they extended the net buying run tofour days in a row for 2.2 billion VND.
Trading value increased 11 percent over December14, totaling over 3 trillion VND on the two exchanges, but the market volumedecreased 34 percent to over 170 million shares.-VNA
The VN Index on the HCM Stock Exchange inched upby 0.12 percent to close at 665.9 points. The gauge increased 1.6 percent onDecember 14.
On the smaller Hanoi exchange, the HNX Indexadded 0.36 percent to end at 78.9 points, lifting the two-day rally to nearly1.3 percent.
The overall market condition was positive with217 stocks advancing, 195 declining and 283 closing flat.
On December 14, the US Fed raised its keyshort-term rate to a range of 0.5-0.75 percent from 0.25-0.5 percent. This isthe second hike in a decade.
Among large-cap stocks, brewery giant Sabeco(SAB) hit the ceiling of a 7 percent rise for the eighth consecutive session to211,500 VND (9.32 USD) per share, making it the most expensive stocknationwide.
The share has gained 92.3 percent in value sinceits stock market debut on December 6, making it the second largest share bymarket capitalisation on the HCM Stock Exchange after Vinamilk (VNM), valued atover 135.6 trillion VND.
On the other end of the spectrum, many loserswere large-cap stocks such as Vinamilk (VNM), PV Gas (GAS), lender BIDV (BID),real estate developer VinGroup (VIC), Military Bank (MBB) and PetroVietnamDrilling and Well Services (PVD).
Foreign investors continued to offload localshares in the HCM City’s market yesterday, for the value of nearly 26 billionVND, a strong increase compared to a net value of just 249 million VND on December14.
In Hanoi, they extended the net buying run tofour days in a row for 2.2 billion VND.
Trading value increased 11 percent over December14, totaling over 3 trillion VND on the two exchanges, but the market volumedecreased 34 percent to over 170 million shares.-VNA
VNA
