Blue chip rally boosts markets
Stocks recovered on October 1 on both exchanges as blue chips rallied after declining for four sessions.
Stocks recovered on October 1 on both exchanges as blue chips rallied after declining for four sessions.
On the Hochiminh Stock Exchange, the VN-Index rose above 600 points, adding more than 10 points to close the session at 609.27 points.
All of the top 30 shares by market value and liquidity gained value, pushing the VN30 up 1.68 percent to finish at 655.06 points.
The biggest gainers were Hoang Anh Gia Lai Co (HAG), up 4.51 percent; PetroVietnam Drilling and Wells Service (PVD), up 4.12 percent; VinGroup (VIC), up 3.13 percent; Vinamilk (VNM), up 1.9 percent and Phu My Fertiliser (DPM) and Masan Group (MSN), both up 1.2-1.3 percent.
Shares of PV Gas (GAS), which has the highest market value but is not included in the VN30, were sold heavily by foreign investors. However, the price climbed 2.83 percent thanks to steady demand from the domestic sector.
Liquidity improved as market volume increased 20 percent compared with the previous session, totaling over 183 million shares, while the value of trades rose 10 percent to reach 3.1 trillion VND (147 million USD).
FLC Group (FLC) remained the most active code with nearly 18 million shares traded. The share price jumped 4.3 percent to close at 12,200 VND per share.
According to analysts at SHB Securities Co, demand rose when the VN-Index was around 590-600 points. Trading would focus on stocks with prospects of positive business results in the third quarter.
On the Hanoi Stock Exchange, the HNX-Index added 1.25 percent to end the session at 89.73 points, its biggest gain in the past three weeks. The HNX30 also rose 1.7 percent to stand at 183.87 points.
Both market volume and value increased 10 percent to reach 83 million shares worth 1.1 trillion VND (52.1 million USD). Saigon - Hanoi Bank (SHB) led in terms of market volume with 8.6 million shares traded, closing flat at 9,200 VND per share.
Foreign investors were once again net sellers on the Hochiminh Stock Exchange, picking up shares worth nearly 100 billion VND (4.7 million USD), but were net sellers in Hanoi's market with a net sell value of 2.4 billion VND (113,740 USD).-VNA
On the Hochiminh Stock Exchange, the VN-Index rose above 600 points, adding more than 10 points to close the session at 609.27 points.
All of the top 30 shares by market value and liquidity gained value, pushing the VN30 up 1.68 percent to finish at 655.06 points.
The biggest gainers were Hoang Anh Gia Lai Co (HAG), up 4.51 percent; PetroVietnam Drilling and Wells Service (PVD), up 4.12 percent; VinGroup (VIC), up 3.13 percent; Vinamilk (VNM), up 1.9 percent and Phu My Fertiliser (DPM) and Masan Group (MSN), both up 1.2-1.3 percent.
Shares of PV Gas (GAS), which has the highest market value but is not included in the VN30, were sold heavily by foreign investors. However, the price climbed 2.83 percent thanks to steady demand from the domestic sector.
Liquidity improved as market volume increased 20 percent compared with the previous session, totaling over 183 million shares, while the value of trades rose 10 percent to reach 3.1 trillion VND (147 million USD).
FLC Group (FLC) remained the most active code with nearly 18 million shares traded. The share price jumped 4.3 percent to close at 12,200 VND per share.
According to analysts at SHB Securities Co, demand rose when the VN-Index was around 590-600 points. Trading would focus on stocks with prospects of positive business results in the third quarter.
On the Hanoi Stock Exchange, the HNX-Index added 1.25 percent to end the session at 89.73 points, its biggest gain in the past three weeks. The HNX30 also rose 1.7 percent to stand at 183.87 points.
Both market volume and value increased 10 percent to reach 83 million shares worth 1.1 trillion VND (52.1 million USD). Saigon - Hanoi Bank (SHB) led in terms of market volume with 8.6 million shares traded, closing flat at 9,200 VND per share.
Foreign investors were once again net sellers on the Hochiminh Stock Exchange, picking up shares worth nearly 100 billion VND (4.7 million USD), but were net sellers in Hanoi's market with a net sell value of 2.4 billion VND (113,740 USD).-VNA
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