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Stocks rise on soaring volumes and values
Stocks closed this morning's session up on both stock exchanges with increased trading volumes and values.
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| Source: VietstockFinance |
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On the HCM City Stock Exchange, the value of trades soared nearly 50 per cent over yesterday morning, reaching more than VND1.08 trillion (US$51.4 million) while the market volume increased 42 per cent to 66.3 million shares.
The benchmark VN-Index advanced 0.62 per cent to finish this morning at 436.53 points, led by blue chips.
Nearly 50 per cent of the 30 leading shares by market value and liquidity posted gains, with insurer Bao Viet Holdings (BVH) and PetroVietnam Finance (PVF) hitting the ceiling prices, which also helped lift the VN30 Index by 0.57 per cent to 494.05.
Finance stocks led this morning's trades, with Military Bank (MBB), Sacombank (STB) and its securities arm Sacombank Securities Co (SBS) each seeing over 3.8 million shares changing hands. MBB and SBS edged up 2.1 per cent while STB closed up 1.8 per cent.
Gainers outnumbered losers by 123-84 overall.
On the Ha Noi Stock Exchange, the HNX-Index regained 1.75 per cent after two consecutive falling sessions, finishing this morning at 70.49 points. The value of trades was more than double that of yesterday morning, standing at almost VND1.04 trillion ($49.4 million) with nearly 75.7 million shares traded.
Losers overwhelmed gainers by 134-97.
Investors continued to speculate on shares of Habubank (HBB), pushing its volume of trades to 14.6 million shares this morning. HBB's share price was unchanged at VND6,200 a share.
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