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Blue chips gain ground, VN-Index rallies
Blue chips posted strong gains on the HCM City exchange on Jan. 28, lifting the VN-Index up 1.58 per cent to finish at 510.6 points.
Market volume continued to improve over figures on Jan. 27, as more than 37.6 million shares worth VND959.4 billion (US$49.2 million) changed hands.
Advancers outnumbered losers by 156-82.
Influential stocks Bao Viet Holdings (BVH), Vincom (VIC) and PetroVietnam Finance (PVF) all rose to their ceiling prices on Jan. 28.
Other blue chips also rallied. Vietcombank (VCB) increased by 4.3 per cent, Vietinbank (CTG) rose by 3.8 per cent, Kinh Bac City Development (KBC) was up by 2.8 per cent, Hoang Anh Gia Lai Group (HAG) increased by 1.8 per cent, and both Masan Group (MSN) and Phu My Fertiliser (DPM) rose by 1.2 per cent.
On the Ha Noi Stock Exchange, the HNX-Index rebounded during the final minutes of the session and closed at 106.63 for the second day.
Gainers outnumbered losers by 161-109.
Nearly 22 million shares worth VND402.7 billion ($20.7 million) changed hands for the day.
Blue chips also rose on the Ha Noi bourse. Tien Phong Plastic (NTP) increased 4.2 per cent, Kim Long Securities and giant construction Vinaconex (VCG) were up by 1.3 per cent and PetroVietnam Construction (PVX) rose by 0.5 per cent.
VNDirect Securities Company (VND) continued to be the most heavily-traded stock with more than 1.7 million shares trading hands, but still fell by 1.5 per cent on Jan. 28.
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