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Blue chips lead market rally
Stocks rallied this morning following two days of heavy profit taking. On the HCM Stock Exchange, the VN-Index closed up 2.3 per cent at 443.68 points.
In total, 220 codes posted gains, 45 per cent of which hit their ceiling prices, while only 40 lost points.
The value of trades jumped 53 per cent compared to yesterday to VND642.1 billion (US$30.6 million). Around 31.8 million shares were traded, marking an increase of 38.9 per cent in volume.
Among the 10 highest capitalised shares, most made gains ranging between 1 and 4 per cent. However, insurer Bao Viet Holdings (BVH), property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) all rose 5 per cent to close at VND89,000, VND40,400 and VND22,600, respectively.
Meanwhile, Sacombank (STB) remained on a plateau and real estate developer Vincom (VIC) hit its floor price.
Saigon Securities Inc (SSI) continued to claim the highest trading volume, with 3.7 million shares changing hands.
On the Ha Noi Stock Exchange, the HNX-Index climbed 3.4 per cent to finish at 76.09 points.
Advancers outnumbers decliners by 264-60.
Trading value saw a rise of 25.4 per cent over yesterday's session, standing at VND434.4 billion ($20.7 million) on a volume of 38 million shares, up 24.2 per cent.
Kim Long Securities Company (KLS) was the most-active code nationwide, with just under 4.1 million shares exchanged.
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