Solid buys in blue chips

Hanoi (VNA) – Solid buys in blue chips helped forestall further market declines
and lifted the VN-Index on May 24 to a close of 486.19, a gain of 0.52 percent.

Many blue chips rebounded, including Vietcombank (VCB) up 2.3 percent, property
trader Vincom (VIC) up 3.36 percent, and dairy producer Vinamilk (VNM) up 1.14
percent.

However, the southern market saw only 43.17 million shares changed hands,
representing 28.1 percent lower than the previous session on May 21, for a humble
turnover of 1.37 trillion VND (71.8 million USD). Saigon Securities Inc (SSI) was
the most active with 2.93 million shares, accounting for 7.5 percent of the total
market volume.

A calmed-down trades, after the selling storm late last week, also helped HNX-Index
bounce 2.44 percent to 156.41 while the value of day trade dropped 11.4 percent from
May 21 to 1.09 trillion VND (57.4 million USD) on a total volume of 37.15 million
shares.

Banking and securities stocks contributed significantly to the market rebound,
such as Bao Viet Securities with a gain of 5.72 percent, Kim Long Securities (KLS)
up 6.44 percent or Saigon-Hanoi Bank (SHB) up 3.35 percent.

Another major, PetroVietnam Construction (PVX), while declining a meagre 0.76
percent, saw the biggest trading volume of 4.19 million shares.

Foreigners continued as net buyers in HCM City , picking up a net 1.7
million shares in both exchanges with a net value of 56 billion VND (about 3
million USD).

IZ developer Kinh Bac Corporation (KBC) and Vinh Son-Song Huynh Hydropower Plant
(VSH) were traded most by this sector in the southern market, while KLS and
PetroVietnam Technical Services (PVS) were this sector’s favourite in the
north.-Enditem