Market rallies as blue chips recover

Shares rose steadily this morning on the two exchanges, lifted by the recovery of blue chips.

On the HCM Stock Exchange, the VN-Index edged up 0.76 per cent to close at 553.45 points.

The VN30, which tracks the top 30 shares by market value and liquidity, increased 0.87 per cent to end at 584.45 points.

Several stock analysts said the rally seemed to be unstable as cash flows into the market continued to decline.

Liquidity dropped again, with just 38 million shares worth VND581 billion (US$26.7 million) being exchanged by the end of the morning.

Three stocks that saw trading of more than two million shares were the most active stocks here this morning. They were Hoang Quan Consulting-Trading-Service Real Estate Corp (HQC) with 2.5 million shares being traded, FLC Group (FLC) with 2.3 million shares and Hoang Huy Investment Services Co (HHS) with more than 2.1 million shares.

On the Ha Noi Stock Exchange, the HNX-Index rose 0.84 per cent to finish at 80.05 points.

Only 20 million shares, worth VND216 billion (nearly $10 million), were traded, with KLF Joint Venture Global Investment Co (KLF) leading with 4.1 million shares.

The afternoon session will begin at 1pm.

bizhub

>   Shares extend rallies, but liquidity falls (06/05/2015)

>   DPS: Stock ineligible for margin trading (06/05/2015)

>   Vietnamese stock exchange adopts Bloomberg’s FIGI to facilitate foreign investment (06/05/2015)

>   VN-Index advances as bank stocks recover (05/05/2015)

>   Markets end lower in early trading (04/05/2015)

>   Gov't to fine more listed firms for failing to register (04/05/2015)

>   Investment strategy in May: Sell and go away? (04/05/2015)

>   More interest shown at Ha Noi auctions (27/04/2015)

>   Shares tumble on sluggish liquidity (27/04/2015)

>   SHN: HNX announces changing reason of taking SHN stock into warning situation (27/04/2015)