Vietnam's stock market rose strongly on September 14, driven by a robust increase in the world stock markets. This follows the US Federal Reserve's decision late on Sept. 14 to launch an aggressive stimulus programme.
On the HCM Stock Exchange, the VN-Index rose on the third day, gaining another 1.92 percent to close the session at 398.87 points. Trading value was down 4 percent from a day earlier, however, it totalled almost 676 billion VND (32.2 million USD).
Many blue chips soared to the ceiling price, including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), financial conglomerate Ocean Group (OGC) and PetroVietnam Finance (PVF), while others also posted strong gains.
The VN30 tracking the top 30 shares by market capitalisation and liquidity was also up 1.71 percent to stand at 463.90 points.
More than 2.6 million shares of the Tan Tao Investment Industry Corp (ITA) were traded by the end of the session, making it the most active stock for four days in a row on the HCM Exchange. ITA closed up 4 percent at 5.200 VND a share, ending a four-day decline.
On the Ha Noi Stock Exchange, the HNX-Index also jumped 1.93 percent to end at 59.23 points with a total turnover of 257.7 billion VND (12.3 million USD).
The HNX30 also increased 2.43 percent to 111.33 points.
Market condition was positive with 203 codes rising, 47 declining and 142 closing unchanged.
Shares in the two security companies Kim Long and VNDirect were the most active with total trades of more than 3 million shares traded on each code. Both shares edged up over 2 percent.
Foreign investors continued to be net buyers on both exchanges, picking up a combined 25 billion VND (1.2 million USD) worth of shares.-VNA