Stocks climb on investor belief
Blue chip gains once again lifted stocks on both exchanges on June 12 as investor optimism strengthened.
Blue chip gains once again lifted stocks on both exchanges on June 12 as investor optimism strengthened.
On the Hochiminh Stock Exchange, the VN-Index rose for the fifth consecutive day, adding another 0.6 percent to end the session at 573.77 points.
Market sentiment was positive with 113 shares climbing, 89 falling and 99 closing flat.
Large-cap shares such as dairy giant Vinamilk, PV Gas (GAS) and Masan Group (MSN) gained momentum with the three shares surging around 1 percent each.
The VN30 Index which tracks performance of the top 30 shares by market value and liquidity increased 1.14 percent to stand at 615.52.
Trading was lively with both market volume and value up 10 percent over the previous session, totaling more than 96 million shares worth 1.424 trillion VND (67.5 million USD).
Real estate FLC Group (FLC) continued to be the most active stock on trades of 11.4 million shares, closing flat at 10,800 VND a share although it sometimes hit 11,100 VND.
Tan Tao Investment Industry Corp (ITA) was second highest performer with 4.5 million shares traded, also ending unchanged at 8,000 VND a share.
The HNX-Index on the Hanoi Stock Exchange also grew 0.49 percent to close at 76.29 points, while the HNX30 inched up 0.13 percent to 152.93 points.
According FPT Securities Co analysts, market confidence strengthened as the primary Ho Chi Minh City's bourse extended its winning streak to five days. In the absence of positive news, the steady support of blue-chips gave a strong boost to the market.
Gainers outnumbered losers by 102-82, while 76 stocks were unmoved.
Trading improved over June 11 with 48 million shares worth 486.2 billion VND (23 million USD) exchanged.
Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR) was the most active share on trades of 7 million shares changing hands, climbing 2.4 percent to settle at 8,600 VND per share.
Foreign investors continued to buy local shares. They were responsible for a combined net buy value of nearly 60 billion VND (2.8 million USD) worth of shares on the two markets on June 12.-VNA
On the Hochiminh Stock Exchange, the VN-Index rose for the fifth consecutive day, adding another 0.6 percent to end the session at 573.77 points.
Market sentiment was positive with 113 shares climbing, 89 falling and 99 closing flat.
Large-cap shares such as dairy giant Vinamilk, PV Gas (GAS) and Masan Group (MSN) gained momentum with the three shares surging around 1 percent each.
The VN30 Index which tracks performance of the top 30 shares by market value and liquidity increased 1.14 percent to stand at 615.52.
Trading was lively with both market volume and value up 10 percent over the previous session, totaling more than 96 million shares worth 1.424 trillion VND (67.5 million USD).
Real estate FLC Group (FLC) continued to be the most active stock on trades of 11.4 million shares, closing flat at 10,800 VND a share although it sometimes hit 11,100 VND.
Tan Tao Investment Industry Corp (ITA) was second highest performer with 4.5 million shares traded, also ending unchanged at 8,000 VND a share.
The HNX-Index on the Hanoi Stock Exchange also grew 0.49 percent to close at 76.29 points, while the HNX30 inched up 0.13 percent to 152.93 points.
According FPT Securities Co analysts, market confidence strengthened as the primary Ho Chi Minh City's bourse extended its winning streak to five days. In the absence of positive news, the steady support of blue-chips gave a strong boost to the market.
Gainers outnumbered losers by 102-82, while 76 stocks were unmoved.
Trading improved over June 11 with 48 million shares worth 486.2 billion VND (23 million USD) exchanged.
Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR) was the most active share on trades of 7 million shares changing hands, climbing 2.4 percent to settle at 8,600 VND per share.
Foreign investors continued to buy local shares. They were responsible for a combined net buy value of nearly 60 billion VND (2.8 million USD) worth of shares on the two markets on June 12.-VNA
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