Stocks rise on both bourses on positive CPI data

On the HCM City Stock Exchange, the VN-Index added 0.58 per cent to end at 585.91points while the VN30 which tracks the top 30 shares by market value and liquidity was up 1.11 per cent to close at 623.23 points. - Photo tinmoi

The negative impact of Circular 36, which tightens lending to stock investment, weakened. Investors reacted positively to the consumer price index (CPI) data.

The General Statistics Office on Monday reported CPI in November dropped by 0.27 per cent month-on-month on continuous decreases in petroleum prices.

On the HCM City Stock Exchange, the VN-Index added 0.58 per cent to end at 585.91points while the VN30 which tracks the top 30 shares by market value and liquidity was up 1.11 per cent to close at 623.23 points.

Large-cap shares like VinGroup (VIC), Hoang Anh Gia Lai Co (HAG), Masan Group (MSN), Kinh Do Corp (KDC) rose between 2.5-4.9 per cent.

However, the slump of PV Gas (GAS), the biggest stock in terms of market value, restrained the market uptrend. GAS was down 0.5 per cent to settle at VND98,500 (US$4.62) a share.

Liquidity remained modest in HCM City with the market volume totalling 114 million shares worth VND2.07 trillion ($97.2 million).

Quang Nam Rubber Investment Co (VHG) remained the most active stock by the end of the session with 15.7 million shares traded, but the share price declined 3.3 per cent to finish at VND14,600 ($0.7) a share.

One of the most active stocks, FLC Group (FLC), yesterday came second on trades of almost 14 million shares, slipping 1 per cent to VND12,200 ($0.58) per share.

On the Ha Noi Stock Exchange, the HNX-Index also increased 1.04 per cent to close at 88.93 points but liquidity drained.

The trading volume totalled just nearly 44 million shares worth VND600 billion ($28.2 million), down 20 per cent in volume and 30 per cent in value compared with Monday's levels.

KLF Joint Venture Global Investment Co (KLF) was still the most heavily-traded stock on the northern bourse with 11 million shares. It rallied 2.86 per cent to end at VND14,400 ($0.69) a share.

Foreign investors returned to be net buyers on both markets, picking up shares worth a combined VND58 billion ($2.7 million).