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Shares rebound on both bourses on high market value
Shares had a positive opening for the new week's trading on the two national stock exchanges this morning, with both stock indices gaining value on high market volume and value.
In HCM City, the VN-Index rose 1 per cent over Friday's close to 461.68 points. The trading value continued to be high, reaching over VND1.37 trillion (US$65.9 million) on total volume of nearly 46.6 million shares.
Gainers overwhelmed losers by 165-63, with most of blue chips rising.
Many large-cap shares surged to the daily limit of around 5 per cent, including Vietinbank (CTG), Phu My Fertiliser (DPM), software producer FPT (FPT), and real estate developers Hoang Anh Gia Lai (HAG), Hoa Sen Group (HSG) and Kinh Bac City Development (KBC).
Insurer Bao Viet Holdings (BVH) dropped to the floor price for two days in a row after a series of 10 consecutive rising sessions.
Becamex Infrastructure Development (IJC) became the most heavily traded stock nationwide today with nearly 5.25 million shares changing hands. IJC increased 1.8 per cent to close at VND11,200 ($0.54) a share.
In Ha Noi, the HNX-Index also gained 1.51 per cent to finish at over 76 points, with advancers outnumbering decliners by 164-97.
Market value fell 25 per cent, however, to just VND437.5 billion ($21 million) as nearly 38 million shares changed hands.
Kim Long Securities Company (KLS), with 3.77 million shares traded, was still the most active stock on the Ha Noi bourse today, closing 0.8 per cent higher at VND12,500 ($0.60).
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