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Shares rally on improved volume, value
Shares rallied Thusday morning on both of Viet Nam's stock exchanges on improved market volume and value.
On the HCM Stock Exchange, the VN-Index gained 1.81 per cent to close at 403.73 points, led by blue chips.
Four of the 10 largest shares led by market capitalisation soared to the ceiling price today, including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), food producer Masan Group (MSN) and PetroVietnam Finance (PVF).
Only Eximbank (EIB) fell to the floor while Sacombank (STB) lost 0.8 per cent.
Gainers outnumbered losers by 170-65 overall.
Trading volume soared 75 per cent over yesterday's level to 32.6 million shares, while the value of today's trades increased 32 per cent to VND547.6 billion (US$26.1 million).
With 2 million shares changing hands, Tan Tao Investment Industry Corporation (ITA) was the most active code in HCM City, rising to its daily limit of 5 per cent and closing at VND9,300 ($0.44).
Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index also inched up over 2 per cent over yesterday to close at 69.13, with advancers overwhelming decliners by 203-60.
Both market volume and value doubled over yesterday to nearly 40 million shares worth VND360.5 billion ($17.2 million).
Kim Long Securities Company (KLS) was again the most heavily-traded stock nationwide with over 3 million shares changing hands, closing up 2 per cent at VND10,300 ($0.49).
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