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Stocks climb as demand grows
Shares opened lower, but rose steadily towards the end of the morning on the HCM Stock Exchange on growing buying power.
The VN-Index added 0.94 per cent to close at 597.06 points, and the VN30, which tracks the top 30 shares by market value and liquidity, was up 0.85 per cent to end at 628.18 points.
The market condition was positive as the gainers were almost double the number of losers, while 127 other stocks remained unchanged.
The overall liquidity improved with the market value growing 20 per cent over yesterday morning, reaching VND1.06 trillion (US$48.7 million).
Without supporting information, Viet Nhat Medical Instrument C (JVC) surprised the market by leading the trading this morning, with nearly 12 million of its shares changing hands by the end of the morning. Its price also soared 6.6 per cent to stand at VND8,100 per share.
On the Ha Noi Stock Exchange, the HNX-Index increased by a more modest 0.21 per cent to finish at 85.43 points, but the market value remained low at just VND278 billion ($12.8 million).
Only four stocks had trading of more than one million shares, among which FIT Investment Co (FIT) was the most active with 2.8 million of its shares being exchanged. FIT's price climbed 1.6 per cent to end at VND12,800 each.
The afternoon session will begin at 1pm.
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