The VN-Index increased by 7.8 points, or 0.91 percent, to close on November 10 at 868.21 points on the Ho Chi Minh Stock Exchange. The benchmark index has expanded 3 percent this week.

leftcenterrightdel
Investors at the Tan Viet Securities Corporation’s trading floor in Hanoi

On the Hanoi Stock Exchange, the HNX-Index edged up 0.48 percent to end at 106.37 points. The Northern market index has increased 2 percent this week.

The highlight was Vinamilk (VNM) which hit the daily limit rise of 7 percent on the day that the State Capital Investment Corporation (SCIC) made public the sale of 48.3 million shares of Vinamilk, an equivalent of 3.33 percent of the dairy firm’s capital on November 10.

Over nine million VNM shares were traded at the price of VND 173,800 (USD 7.66) per share, a record high in its trading history. Of which, foreign traders purchased a net 6.58 million shares worth VND 1.04 trillion, accounting for nearly 89 percent of total foreign net buy value of nearly VND 1.2 trillion on November 10 in Ho Chi Minh City.

As the biggest listed stock by market value, Vinamilk’s growth contributed nearly 77 percent of the VN-Index’s rise on the day.

Other blue chips also rose, supporting the market. Nineteen of the top 30 largest shares by market value and liquidity on the Ho Chi Minh City’s bourse advanced and only seven declined.

Substantial gainers included sugar maker Thanh Thanh Cong Tay Ninh JSC(SBT), up 7 percent; Binh Minh Plastics (BMP), up 4.5 percent; Vietinbank (CTG), up 3.6 percent; and Sacombank (STB), up 2.2 percent.

Overall liquidity increased with a total of 227.6 million shares worth a combined VND 6.5 trillion (USD 286.3 million) traded in the two markets, up 15.4 percent in volume and 27.5 percent in value compared to the previous session.

Source: VNA