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VN shares extend their rally
Vietnamese shares slightly extended their rally on the two local exchanges this morning, as brokerage firms made great gains on the new policy.
The benchmark VN Index on the HCM Stock Exchange was up 0.1 per cent to end at 604.81 points, and the HNX Index on the Ha Noi Stock Exchange inched up 0.6 per cent to close at 82.11 points.
The brokerage firm index jumped 2.6 per cent. Among brokerage companies, Saigon Securities Incorporation (SSI) jumped 2.6 per cent, HCM City Securities Corporation (HCM) surged 3.2 per cent and VNDirect Securities Corporation (VND) gained three per cent.
Construction companies also made gains with expectations of gaining from a stronger property market in the next few months.
Cotec Construction Joint Stock Company (CTD) was up 1.3 per cent, Vietnam Construction and Import Export Joint Stock Corporation (VCG) jumped 3.3 per cent and Hoa Binh Construction and Real Estate Corporation (HBC) surged 4.9 per cent.
Retailers added support to the market on expectations that the domestic market demand would improve during the last months of the year.
Mobile World Investment Corporation (MWG) gained 2.5 per cent and Petrolimex Gas Corporation JSC (PGC) rose 2.9 per cent.
Both local bourses traded nearly 108 million shares, worth VND1.49 trillion (US$66.4 million).
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