VN-Index rallies on blue chip momentum
The VN-Index on the HCM City Stock Exchange inched up 0.74 per cent on October 13 to climb back to 457.7 points.
Among the 135 stocks that advanced, several had a dramatic impact on the index's rally, including Bao Viet Holding (BVH), up 2.5 per cent; VietinBank (CTG), 0.1 per cent; the Corporation for Financing and Promoting Technology (FPT), 1 per cent; Hoa Sen Group (HSG), 0.1 per cent; and Ocean Group (OGC), 0.6 per cent.
About 9 stocks matched their ceiling prices.
Meanwhile, the number of stocks that remained neutral reached 61, which reflected the decrease in capital flows into securities.
Trading volume on the market stayed low at 25.05 million shares worth a total value of VND697.99 billion (US$35.8 million).
The Government on Tuesday asked the State Bank to draw up a plan for commercial banks that would tighten money circulation, which would help stabilise the economy by the end of the year.
The media reported that the Ministry of Finance was considering to exempt corporate income taxes on securities issuer who provide additional share issues to new shareholders and provide additional issues to merge with an affiliate at the issuer's parent company.
Wall Street rallied overnight which helped stimulate earnings.
The HNX-Index on the Ha Noi Stock Exchange rose by 0.48 per cent to 120.39 points, on a total volume of 16.9 million shares.
The day's trade value remained gloomy with only VND370.1 billion ($18.9 million) changing hands.
About 11 stocks matched their ceiling prices, including Vinaconex Transportation (VCV), up 0.6 per cent; Song Da No 6.06 (SSS), 1.8 per cent; Vinacomin-Mong Duong Coal (MDC), 1 per cent; and Vinh Phuc Infrastructure Development (IDV), 1.7 per cent.
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