Ads Top

Blue chips lead stock market gains VNTimes

Nguồn tin: tieng anh vui


Shares continued to gain in Hanoi but faltered in HCM City on May 29.

On the Hanoi Stock Exchange, the HNX-Index rose 0.6 percent to 64.46 points.

Market value and volume improved to 822.76 billion VND (39.17 million USD) and 96.76 million shares.

The HNX30, comprised of the bourse's 30 leading shares, increased 0.49 percent to finish at 125.20 points.

Onthe HCM City Stock Exchange, the VN-Index finished 0.24 percent lowerat 515.09 points. Profit-taking drove trading value on May 29 up to 1.67trillion VND (79.5 million USD) with a surging volume of some 99.7million shares.

Blue chips outperformed the market in general, helping boost the VN30 up 0.33 percent to 579.33 points.

Amongthe 30 stocks it tracks, around one third managed to rally, includingproperty developer Vingroup (VIC) that hit its ceiling of 71,500 VND(3.4 USD).

Vingroup on May 29 announced private equity investmentfund Warburg Pincus had agreed to buy a 20 percent stake worth 200million USD in its subsidiary, Vincom Retail.

In addition, aspart of the agreement, Warburg Pincus pledged to invest 25 million USDin Vingroup's first initial public offering (IPO) in the internationalmarket.

The agreement will also allow the investment fund to pouranother value of 100 million USD into Vincom Retail depending on thegrowth potential of the Vietnamese retail market. If Warburg Pincusimplements the 100 million VND deal, Vingroup will increase its capitalin Vincom Retail to retain its ownership rate.

The partnershipwith Warburg Pincus is the latest achievement by Vingroup to attractforeign investment, following the issuance of 300 million USDinternational convertible bonds last year.

Citigroup is the sole financial advisor for Vingroup.

Foreigninvestors continued to be sellers in HCM City , unloading a netvalue of 27.5 billion VND (1.3 million USD), while they were buyers inHanoi by a margin of 1 billion VND (47,600 USD).-VNA

Get VietNam News

Đăng ký: Tieng Anh Vui

No comments:

Powered by Blogger.