Shares advance on soaring volume

Shares extended their gains to three successive days when the stock markets opened for a new week this Monday. Both indices advanced strongly.

The combined volume of trades totalled more than 184 million shares worth VND4.15 trillion (US$197.6 million).

In HCM City, the VN-Index rose 0.26 per cent to close at 465.56.

Almost 96.8 million shares worth VND2.39 trillion ($113.8 million) changed hands.

Advances tripled declines.

More than 40 per cent of the 168 codes to post gains hit their ceiling prices. Most were property developers or seafood and rubber companies.

They included Long An Food Processing Export (LAF); Dat Xanh Real Estate Service and Construction (DXG); Da Nang Rubber (DRC); the Southern Rubber Industry (CSM) and Investment and Trading of Real Estate (ITC).

Saigon Securities Inc (SSI) was the most active with more than 7 million changing hands. SSI rose to the ceiling price to close at VND29,200 ($1.39).

In Ha Noi, the HNX-Index advanced 0.35 per cent to close at 117.07.

vietnamnews

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