message from the State Bank of Vietnam that it would revise strict
new rules on the capital adequacy ratio of commercial banks.
The State Bank announced on Sept 8 that it would revise regulations in
the controversial Circular No 13 on commercial bank equity and capital
adequacy ratios, in compliance with a Government instruction issued late
last month to review the circular.
The VN-Index responded with a gain on the fallowing day of 1.14 percent, closing the session at 463.68 points.
Trading on the HCM City Stock Exchange remained modest, with a volume
of 47.7 million shares, down 12.8 percent from the previous session.
The value of trades reached just 1.2 trillion VND (61.5 million USD).
Vietnam Ocean Shipping Co (VOS), which listed 140 million shares on the
HCM City market on Sept 8, was the most-active share, with 2.8
million sold.
Among 184 gainers on the southern market, a
number of penny stocks rose to their ceiling prices, including Binh
Thanh Import-Export and Trade (GIL), HCM City Metal Corp (HMC) and Nari
Hamico Mineral Corp (KSS).
Meanwhile, banking shares
underperformed despite the supporting news from the State Bank.
Sacombank (STB) and Eximbank (EIB) each rose by about 1.5 percent, while
VietinBank (CTG) closed up by 0.5 percent. Vietcombank (VCB) continued
to decline, meanwhile, dropping by 0.26 percent.
On the
Hanoi Stock Exchange, the HNX-Index rebounded by a more notable 2.75
percent to a close of 136.24 points, on a total volume of 47 million
shares.
The value of trades reached 1.2 trillion VND (61.5
million USD), with PetroVietnam Construction (PVX) leading the session
with a volume of 5.3 million shares.
Foreign investors
were net buyers on both bourses during the day, picking up a total 1.55
million shares worth 64.2 billion VND (3.3 million USD)./.
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