Stocks continue to soar on both exchanges

Stocks continue to soar on both exchanges

Vietnamese stocks continue to soar with nearly VND2 trillion (US$95.2 million) worth of shares changing hands on both of the nation's stock exchanges this morning.

Source: VietstockFinance

On the HCM City bourse, the VN-Index hit another winning day, gaining 2.72 per cent to close today's session at 439.60 points.

Advancers overwhelmed decliners by 207-56, of which more than 90 codes increased by the daily limit of 5 per cent, led by blue chips including Bao Viet Holdings (BVH), Masan Group (MSN), Ocean Group (OGC), PetroVietnam Finance (PVF), Vincom (VIC) and Saigon Securities Inc (SSI).

Large-cap gaining also lift the VN30 Index, which measures the 30 leading shares by market value and liquidity, by another 2.55 per cent to 503.54 points.

Total market volume dropped nearly 9 per cent from yesterday, however, to reach 81.7 million shares, but value of today's trades fell 19 per cent to more than VND1.24 trillion ($59 million).

Military Bank (MBB) continued to see the heaviest trades today with over 14 million shares changing hands, hitting the ceiling price at VND15,600 ($0.74).

On the Ha Noi Stock Exchange, with over 60 per cent of codes posted gains, the HNX-Index jumped 3.08 per cent over yesterday, closing at 71.72 points.

Trading value rose 20 per cent to nearly VND704.3 billion ($33.5 million), while market volume increased 15 per cent to 73.8 million shares.

As many as 121 shares hit the ceiling prices this morning. Ha Noi Investment General (SHN) surprised the market when becoming the most active stock in Ha Noi today with over 8 million shares traded – the position earlier held by Ha Noi Housing Bank for many sessions. SHN increased 1.8 per cent to close today at VND5,700.

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