VN-Index climbs above 600
VN-Index climbs above 600
Money continued to flow into the market this morning, pushing the VN-Index up another 1.61 per cent to close at 615.44 points.
Liquidity also increased following the bright market prospects, after the VN-Index rose above the psychological level of 600 points.
More than 97 million shares were traded, worth VND1.61 trillion (nearly US$74 million), up 35 per cent over yesterday morning.
Blue chips continued to support the market, with the VN30, which tracks the top 30 shares by market value and liquidity, going up 0.68 per cent to end at 637.61 points.
FLC Group (FLC) was again the most active stock this morning, with 10.4 million of its shares being traded, closing flat at VND8,600 per share.
On the Ha Noi Stock Exchange, the HNX-Index also increased 0.97 per cent to finish at 87.60 points.
The market value also jumped 60 per cent over yesterday morning, reaching almost VND457 billion ($21 million).
Sai Gon-Ha Noi Bank (SHB) was leading the trading here, with five million of its shares being traded at VND8,600 each.
However, many analysts said the current rally was somewhat unexpected and volatile as supporting factors such as the first-half's macroeconomic data, the prospects of the Trans Pacific Partnership (TPP) and even the raising of the foreign ownership ceiling would play a supporting role in the medium and long–term period.
The afternoon session will begin at 1pm.
