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Shares, values surge on both exchanges
Shares rose more vigorously this morning with about 65 per cent of codes posting gains on both national stock exchanges. Market volumes and values also increased as investors began hunting for cheap shares.
In HCM City, the VN-Index gained another 1.81 per cent to close at 393.46 points. The market value rose strongly to VND805.5 billion (US$38.7 million), up from yesterday's value of just VND299 billion ($14.4 million), while the volume of trades doubled to 39.3 million shares.
Gainers outnumbered losers by 198-40, with most blue chips increasing, of which insurer Bao Viet Holdings (BVH), property developer Hoang Anh Gia Lai (HAG), PetroVietnam Finance (PVF) and Saigon Securities Inc (SSI) hit their daily ceiling prices of around 5 per cent.
SSI was also the most active shares on the HCM City bourse with 2.77 million shares changing hands, closing at VND17,900 ($0.86) a share.
Among the 10 largest shares by capitalisation, only food producer Masan Group (MSN) dropped (by 5 per cent).
In Ha Noi, the HNX-Index closed up 2.4 per cent at 67.41 points. Both trading volume and value tripled yesterday to 50 million shares worth more than VND480 billion ($23.1 million).
Advancers outnumber decliners sixfold.
Kim Long brokerage house (KLS) was still the most speculative share nation-wide with 7.9 million shares changing hands, rising 4 per cent to close at VND10,300 a share.
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