CTG leads list of net buy for second straight week

During the trading week between March 7 and 11, on Hanoi Stock Exchange (HNX), foreign investors posted a net sale for two sessions and net purchase for three trading sessions. The total buying value increased over 110 billion dong from the previous week, equalling to a rise of 22 percent week on week to reach 619 billion dong.



However, due to the selling value increased nearly 119 billion dong, to reach over 600 billion dong, their net purchase decreased to 19.6 billion dong, or 30 percent w-o-w.



CTG of Vietnam Commercial Joint Stock Bank of Industry and Trade (Vietinbank) continued to lead the list of net purchase with a total volume of over 3.6 million shares worth over 95.3 billion dong. In the last trading session of the week, CTG officially hiked its chartered capital to 16.858 trillion dong after issuing more shares to its foreign shareholder namely International Finance Co (IFC).



Additionally, other share codes also posted high net buy such as DPM, BVH and PVD.



Conversely, VIC continued to be offloaded for the third consecutive week with over 585,000 shares and the net sale value was over 74.5 billion dong together with the others such as VCB, HPG, DVD and STB.



On the northern bourse, foreigners posted their net sale for the second consecutive week with a net selling volume of over 541,000 shares valued at over 3.6 billion dong. Meanwhile, they posted only net buy on March 9. During the trading session on March 9, foreigners mainly bought KLS with a net buy of nearly 4.9 billion dong, accounting for over 30 percent of the total net buy of foreigners on HNX.



PVX posted the highest net sale with over 11 billion dong whereas PVS saw the strongest net purchase of over 8 billion dong.

Tags: Vietnam companies

Posted by brianbauman on Mar 14 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry