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Majority listed hit ceiling prices, indexes see sharp increases
The stock market witnessed sharp increases today on both bourses with a majority of listed stocks traded at ceiling prices as bids were abundant while offers were limited. Investors seemed to be optimistic on news of dropping oil prices, reduced lending interest rates and low consumer price index in August.
The VN-Index of the Ho Chi Minh City stock exchange saw a sharp increase of 21.27 points or 4.03% to approach closely the 500 point mark, at 548.25 points.
Of the total 160 listed stocks on the bourse, there were 154 gainers, of which 142 hit their ceiling prices. Only two stocks dropped and four other stayed unchanged.
A total of over 20 million units were matched via order matching for VND 781 billion and 2.3 million others traded via negotiations worth VND 116 billion.
The northern bourse also shared the same atmosphere with almost all listed stock gaining, a majority of them to the maximum, and the index exceeded the 170 point mark today at it gained 9.13 points or 5.56%, closing at 173.41.
There were only three decliners against 143 gainers, plus one other had no trade. 137 of the 143 gainers closed at ceiling prices.
Investors this session traded 8.2 million units listed on the northern bourse worth VND 352 billion.
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