Stocks finish up after erratic morning

Stocks finish up after erratic morning

Shares fluctuated during today's morning session, tumbling most of the time but finally closing up on both stock exchanges.

Source: VietstockFinance

Trading value on the HCM City Stock Exchange reached only 61.9 per cent of its level on Friday morning, standing at VND619.2 billion (US$29.4 million) on a volume of nearly 40.9 million shares.

The VN-Index added 0.4 per cent to 440.17 points, while the VN30 rose 0.6 per cent to 499.75 points.

Five of the 10 leading shares by capitalisation posted gains, including Vietcombank (VCB) which hit its ceiling price of VND28,300 ($1.3).

Software developer FPT (FPT), Sacombank (STB) and insurer Bao Viet Holdings (BVH) retreated. Notably, Bao Viet plunged to the floor price after topping the list of insurance stocks last week.

Military Bank (MBB) and Sacombank Securities Co (SBS) were the two most active stocks on the southern bourse with more than 2.9 million shares changing hands.

On the Ha Noi Stock Exchange, the HNX-Index increased 0.8 per cent to 73.34 points.

Trading value dove 38.8 per cent from last Friday morning to VND505.6 billion ($24.1 million), and trading volume reached 54.1 million shares.

VNDirect Securities Co (VND) emerged as the most active code nationwide with 9.6 million shares exchanged, finishing the session at the ceiling price of VND11,100 per share.

The market will resume at 1.00pm.

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