Shares continued to climb on February 6 on both exchanges, but concern about weak liquidity still lingers.
On the HCM Stock Exchange, the VN-Index gained 7 points or 1.23 percent to close the session at 574.13 points. Investors again picked up blue chips, particularly bank, oil and gas shares, which led the market uptrend.
Most bank shares rose strongly, including the Bank for Investment and Development of Vietnam (BID), up 6.1 percent; Vietcombank (VCB) and Vietinbank (CTG), up more than 3 percent; and Eximbank (EIB), up 2.3 percent. Large-cap oil and gas shares like PV Gas (GAS), PetroVietnam Drilling and Wells Service Corp (PVD) also advanced 0.8-1.3 percent.
The VN30, which tracks the top 30 shares by market value and liquidity, added 0.75 percent to end at 595.69 points.
Liquidity remained dry on the day with trading volume hitting a multiple-month low, declining another 20 percent from the previous session to more than 64 million shares and fund certificates, while market value dropped 10 percent to reach nearly 1.1 trillion VND (51.4 million USD).
FLC Group (FLC) again led in terms of market volume with 5.5 million shares traded, slipping 1.89 percent to finish at 10,400 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also edged up 0.84 percent to end at 83.87 points as gainers outnumbered losers by 113-75 and 147 closed flat.
Market volume was still low with over 31 million shares worth 426 billion VND (20 million USD) traded by the end of the session.
FLC Group investment arm KLF Joint Venture Global Investment Co (KLF) was the most heavily-traded stock with 5.7 million shares exchanged, while its share price climbed 1 per cent to settle at 10,400 VND a share.
Though the market is still shadowed by waning liquidity, next week's trading is expected to continue rallying with the backup of blue chips and weakening selling pressure.
Foreign investors remained net buyers in HCM City's market, picking up shares worth nearly 102 billion VND (4.8 million USD), but they were still net sellers on the Hanoi bourse, responsible for about 4.1 billion VND (191,600 USD).-VNA
On the HCM Stock Exchange, the VN-Index gained 7 points or 1.23 percent to close the session at 574.13 points. Investors again picked up blue chips, particularly bank, oil and gas shares, which led the market uptrend.
Most bank shares rose strongly, including the Bank for Investment and Development of Vietnam (BID), up 6.1 percent; Vietcombank (VCB) and Vietinbank (CTG), up more than 3 percent; and Eximbank (EIB), up 2.3 percent. Large-cap oil and gas shares like PV Gas (GAS), PetroVietnam Drilling and Wells Service Corp (PVD) also advanced 0.8-1.3 percent.
The VN30, which tracks the top 30 shares by market value and liquidity, added 0.75 percent to end at 595.69 points.
Liquidity remained dry on the day with trading volume hitting a multiple-month low, declining another 20 percent from the previous session to more than 64 million shares and fund certificates, while market value dropped 10 percent to reach nearly 1.1 trillion VND (51.4 million USD).
FLC Group (FLC) again led in terms of market volume with 5.5 million shares traded, slipping 1.89 percent to finish at 10,400 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also edged up 0.84 percent to end at 83.87 points as gainers outnumbered losers by 113-75 and 147 closed flat.
Market volume was still low with over 31 million shares worth 426 billion VND (20 million USD) traded by the end of the session.
FLC Group investment arm KLF Joint Venture Global Investment Co (KLF) was the most heavily-traded stock with 5.7 million shares exchanged, while its share price climbed 1 per cent to settle at 10,400 VND a share.
Though the market is still shadowed by waning liquidity, next week's trading is expected to continue rallying with the backup of blue chips and weakening selling pressure.
Foreign investors remained net buyers in HCM City's market, picking up shares worth nearly 102 billion VND (4.8 million USD), but they were still net sellers on the Hanoi bourse, responsible for about 4.1 billion VND (191,600 USD).-VNA
