Investors follow transactions at Saigon Securities Inc in Hanoi (Photo: VNA)Hanoi (VNA)- Shares closed November 6’s trading on a positive note following last week’sgains thanks to expansion of large-cap stocks.
The benchmark VN-Indexon the HCM Stock Exchange rallied 0.64 percent to close at 849.09 points. Thesouthern market index increased 0.4 percent last week.
Blue chips remained themajor driving force with 22 of the top 30 largest shares by market value andliquidity advancing and only five declining.
Dairy giant Vinamilk(VNM), the biggest stock by market value, picked up 1.8 percent. Heavyweightstocks such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG) and PV Gas (GAS)expanded between 1.4-2.5 percent each.
Overall market conditionswere also positive with gaining stocks outnumbering losing ones by 197-77 while71 others closed flat.
On the negative side,slump of two big stocks – FLC Faros Construction (ROS) and Petrolimex – hurtthe market. ROS plummeted 6.5 percent while PLX fell 4.2 percent.
On the Hanoi StockExchange, the HNX-Index edged up 0.7 percent to end at 105.09 points. Lackingthe influence of large-cap stocks, the northern market index decreased 1.9 percentlast week.
Liquidity soared on theday with more than 206 million shares worth a combined 6.8 trillion VND (roughly300 million USD) traded in the two markets, up 74.4 percent in value comparedto last week’s daily average trading value.
The growth in tradingvalue mainly came from put-through (negotiated) transactions which accountedfor more than half of total trading value of 6.24 trillion VND on the HCM StockExchange.-VNA
VNA
