Property stocks buoy indices

Heavy purchases of property stocks helped lift the VN-Index up by 0.55 percent on Oct. 6 to a close of 552.03, after four consecutive falling sessions on the Ho Chi Minh Stock Exchange.

Real estate shares such as Tu Liem Urban Development (NTL), Song Da Urban & Industrial Zone Investment and Development (SJS) and Thu Duc Housing Development (TDH) all advanced, hitting the ceiling of their daily trading bands.

Trading volume topped 42.5 million shares for a value of 2.3 trillion VND (129.2 million USD), with Sacombank (STB) continuing as the most-active share, on a volume of 3.6 million.

On the Hanoi Stock Exchange, meanwhile, the HNX-Index on gained 0.84 percent to end the session at 176.87 points.

Market value fell below the 1 trillion VND level to just 988.2 billion VND (55.5 million USD), on a total volume of 25.3 million shares. Kim Long Securities (KLS) saw the heaviest trading, with a volume of 2.2 million shares. Foreign investors on Oct. 6 sold a net of only 300,000 shares on the HCM City exchange, while they were net buyers in Hanoi by a net of 51,000 shares.

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