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Stock indices rally above resistance mark
The VN-Index unexpectedly rebounded after a slight decline during the first two phases of Monday's session to close at 446.36, up 1.46 per cent.
The index rose for the fifth consecutive day at the opening but investors became hesitant when it approached the resistance mark of 440 and the market lost momentum.
Volume rose slightly to 45.4 million shares worth more than VND899 billion (US$44.95 million).
Initially, advances almost equalled declines but the former had reached 63 against 52 at the end of the session.
Fifty-three were unchanged. Major penny stocks were the most active.
The Viet Nam Electricity Joint stock Company (VNE) led with 1.63 million shares exchanged followed by Quoc Cuong Gia Lai Joint (QCG), 1.48 million, and the Public Work and Investment Company No.583 (NTB) 650,000.
About 1.48 million of blue-chip Sai Gon Securities Company (SSI) were traded.
The Vien Dong Pharmaceutical Joint Stock Company (VD) fell to its ceiling price when its Chairman Le Van Dung was detained for the alleged manipulation of his share's prices.
In Ha Noi, the HNX-Index increased 3.59 per cent to 105.22 with the volume of the day's trades increasing almost 48.80 million shares.
Advances outnumber declines 282-39.
PetroVietnam Construction (PVX) was the most active shares nation-wide with 4.8 million shares changing hands. PVX closed up 1.3 per cent to an average of VND21,000 (Almost $1) per share.
vietnamnet
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