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Indices soar as over 55% of shares rise
Shares surged on the first trading day after the long Tet (Lunar New Year) holiday on both national stock exchanges with over 55 per cent of codes posting gains in value.
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| Source: VietstockFinance |
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On the HCM Stock Exchange, the VN-Index concluded this morning at 384.94 points, an increase of 3.2 per cent over the previous session.
More than 74 per cent of shares closed higher, of which half hit the daily limit of 5 per cent.
All of the 10 leading stocks by capitalisation gained, seven of which soared to the ceiling prices, including insurer Bao Viet Holdings (BVH), Phu My Fertiliser (DPM), food giant Masan Group (MSN), steelmaker Hoa Phat Group (HPG), PetroVietnam Finance (PVF) and real estate developers Hoang Anh Gia Lai (HAG) and Vincom (VIC).
Saigon Securities Inc (SSI) became the most active code with 1.8 million shares exchanged, hitting the ceiling price at VND15,000 ($0.71).
Trading value today decreased 12 per cent over the previous session, however, totalling just over VND296 billion (US$14.1 million), on a volume of nearly 21.6 million shares.
The benchmark HNX-Index on the Ha Noi Stock Exchange also rose 1.54 per cent to finish this morning at 59.34 points.
Advancers edged decliners by 168-59, but value of today's trades declined slightly over the previous session to nearly VND156.5 billion ($7.4 million) as just 19.3 million shares changed hands.
Shares of VNDirect Securities Co (VND) continued to be the most attractive to investors as more than 2.6 million shares traded. VND closed 2.9 per cent higher at VND7,100 ($0.34).
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