Stock surge continues for fifth day
Stock surge continues for fifth day
Still continuing in the green, stocks on both bourses advanced for a fifth consecutive day, as investors combed through local shares on growing confidence of the upward trend.
Investor confidence was boosted significantly, and the market usually starts a new upward trend after a prolonged decline, according to FPT Securities.
The VN-Index added 0.7 per cent to end the day at 486.22 points, the highest since August 28.
The market saw 139 stocks advance, 72 tumble, 57 close unchanged and 37 untraded.
On the HCM City Stock Exchange, foreign investors were the net buyers with 3.34 million shares worth VND72.7 billion changing hands; and they were also net sellers with 3.65 million shares traded for a value of VND76.29 billion.
The VN30-Index, tracking the southern bourse's 30 largest stocks in terms of capitalisation and liquidity, rose 2.6 points to reach 545.83. Among its 30 members, 24 stocks advanced, three declined and three were unmoved.
Becamex Infrastructure Development Joint Stock Company (IJC) was the most active stock with 7.5 million changing hands, soaring to 4.8 per cent to end at VND6,600 per share.
Tan Tao Investment – Industry Corporation (ITA) was second in market volume with 7.2 million shares changed hands. It jumped to 5.4 per cent to end at VND5,900 per share.
On the Ha Noi Stock Exchange, the HNX-Index also soared for a fifth straight day, sending the market benchmark HNX-Index to a two-week high, as investors rushed to buy local shares on strong hopes of a rally.
Market sentiment was considerably spirited due to the return of cash flow. The HNX-Index added 0.75 per cent to reach 60.26 points.
The HNX 30 Index, composed of the bourse's top 30 stocks in term of capitalisation and liquidity, retreated 1.43 per cent to 112 points.
The gainers overwhelmed the loser with 121 up and 56 tumbling.
Vinaconex Group (VCG) was the most active stock with 5.7 million shares traded. It rallied 1.22 per cent to end at VND8,300 per share.
Sai Gon Ha Noi Bank (SHB) came second in liquidity with 4.3 million shares traded.
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