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Blue chips boost market growth
The stock market opened high and maintained growth during the morning session today, despite the negative prediction made by securities firms.
Blue chips improved to drive the market up on both bourses.
On the HCM Stock Exchange, the VN-Index was up 1.58 per cent to close at 578.58 points, with the number of losers being equal to two-thirds the number of gainers.
Blue chips rose, making the VN30 gain 1.02 per cent to reach 595.32 points.
Market liquidity fell slightly from Friday morning's level. The trading volume was 64.6 million shares, worth VND787 billion (US$45.7 million).
All bank shares rose, while gas stocks ended mixed.
Securities shares maintained their growth.
FLC Group (FLC) alone contributed 10 million shares, one-sixth of the market's trading value to end as the most active stock.
On the Ha Noi Stock Exchange, the HNX-Index rose by 1.74 per cent to close at 84.69 points.
Market liquidity was low, with 24 million shares being traded, worth VND275.6 billion ($12.7 million).
On the northern market, the number of losers was double the number of gainers by 90 to 45. Blue chips continued to raise the market, with the HNX30 Index increasing by 1.74 per cent to stand at 160.7 points.
KLF Investment JSC (KLF) was the only stock that traded more than two million shares, while six other stocks traded more than one million shares, including Sai Gon-Ha Noi Bank (SHB).
The afternoon session will begin at 1pm.
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