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Increased trading lifts shares
Strong liquidity helped boost shares on both national stock exchange yesterday.
The VN-Index on the HCM City Stock Exchange rose 0.55 per cent to reach 502.52 points, restoring last month's levels above-500-points.
Trading value totalled VND1.082 trillion (US$51.52 million) with the exchange of more than 81.849 million shares, 8 per cent higher than Tuesday's trading session.
The VN30-Index, composed of the city's largest shares in term of capitalisation and liquidity, advanced 0.75 per cent to 561.93 points.
Of those, 19 codes added value between VND100 to VND900 per share while only two slipped during the session's trades.
Losers PetroVietnam Gas Distribution (PGD) and PetroVietnam General Services Joint Stock Corporation (PET) lost VND100 and VND200 per share, respectively, while overall, winners outnumbered losers by 115-56.
Real estate giant Hoang Anh Gia Lai Group (HAG) led the bourse with 4 million shares changing hands, followed by FLC Group (FLC) with 3.7 million shares traded and technology Tan Tao Group (ITA) with 3.5 million shares exchanged.
On the Ha Noi Stock Exchange, the HNX-Index edged up 0.58 per cent to 63.28 points, increasing for the seventh consecutive day. More than 47.74 million shares were traded with a total value of more than VND322.5 billion ($15.35 million).
The HNX30-Index rose by 0.94 per cent to end at 119.19 points.
Cashflow continued to favor shares in the petrol and oil sectors, with small market prices, including PXA, PVV, PVL, PVA, PV2. According to FPT Securities, penny and midcap groups continued to attract investors yesterday, with a recent forecast from HSBC showing positive gains for the economy helping to buoy the market.
Foreign investors concluded the day as net buyers managing nearly VND25 billion ($1.19 million) in trades.
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