Shares rise on improved trades

Trading continued to improve this morning on both national exchanges, which saw a combined market value of VND1.2 trillion (US$58.1 million).

On the HCM Stock Exchange, the VN-Index edged up 2.2 per cent to end at 413.37 points. Gainers outnumbered losers by 212-41.

Trading value increased 30 per cent compared to last Friday hitting, VND615 billion ($29.9 million), while trading volume rose 38.4 per cent, with 40.7 million shares changing hands.

Bluechips performed well, with three of the leading stocks by capitalisation hitting their ceiling prices. They were insurer Bao Viet Holdings (BVH), property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF). Others advanced between 0.7-3 per cent.

Sai Gon Securities Inc (SSI) was the most active code, with nearly 2.1 million shares changing hands. However, it closed today down 0.5 per cent.

On the Ha Noi Stock Exchange, the HNX-Index gained 3 per cent to close at 71.33 points after losing value on Friday.

Advancers outnumbered decliners by 247-47.

Some 53.4 million shares, worth VND581.7 billion, were exchanged, a rise of 68.2 per cent against last Friday in terms of value and 77.4 per cent in volume.

Kim Long Securities Co (KLS) saw the highest trading volume nationwide, with 6.5 million shares exchanged. It also reached the daily increase limit to end at VND12,300. – VNS

Tags: vietnam stock, Vietnam stock market, VNindex