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Real estate stocks gain, lifting indices
Stocks continued to soar this morning on both the national exchanges following positive news released yesterday on interest rate cuts and eased credit for the real estate sector.
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| Source: VietstockFinance |
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On the HCM City Stock Exchange, the VN-Index gained another 1.55 per cent to close the morning session at 465.84, with advancers more than tripling decliners.
Value of trades stood at nearly VND1.16 trillion (US$55.2 million) on a volume of 71.8 million shares.
Real estate stocks performed well, with many shares hitting the daily ceiling prices today, including HCM City Infrastructure Investment (CII), Development Investment Construction (DIG), Khang Dien House Trading (KDH), Tan Tao Investment Industry (ITA), Kinh Bac City Development (KBC) and Song Da Urban&Industrial Zone Investment and Development (SJS).
Some 20 of the 30 leading shares by market value and liquidity rallied, lifting the VN30 Index 2.11 per cent to 538.78 points.
Military Bank was the most active stock in HCM City this morning with 6.28 million shares exchanged, edging up 3.9 per cent at VND15,900 ($0.76).
On the Ha Noi Stock Exchange, the HNX-Index also finished the morning 2.05 per cent higher at 79.10 points.
Trading value reached over VND800 billion ($38.1 million), with 82.2 million shares changing hands.
Gainers outnumbered losers by 192-64, with Habubank (HBB), the most active share nationwide on a volume of 20.8 million shares traded, jumping 4.2 per cent to VND7,400.
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