Stocks soar to 18-month high

Investor excitement heated up on the HCM Stock Exchange on Oct. 14 driving the VN-Index over 600 to its highest close since March 2008.

Picking up 2.67 percent on the day, the Index closed at 606.65 points on highly active trading worth a combined 4 trillion VND (224.7 million USD).

Volume reached 78.6 millions shares, with Sacombank returning to its place as most-active share, with 4.7 million traded.

On the Hanoi Stock Exchange, the HNX-Index also pushed its way abut its own psychological barrier of 200, ending the session at 205.36 after an advance of 3.99 percent.

The northern market saw a volume of 55.1 million shares change hands, worth a total of 2.5 trillion VND (140.4 million USD), while Sai Gon-Hanoi Commercial bank (SHB) continued as the most-active share on a volume of 5.8 million.

Foreigner investors were net buyers on Oct. 14, as well, at a two-month-high net nearly 200 billion VND and a net volume of 3.2 million shares.

They bought most heavily into steel producer Hoa Phat Group (HPG), Vietcombank (VCB) and PetroVietnam Transportation (PVT) in HCM City, and PetroVietnam Technical Services (PVS), SHB and Kinh Bac Urban Development (KBC) in Hanoi.

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