Increased trading lifts shares on both bourses

Strong liquidity helped boost shares on both national stock exchange on November 6.
Strong liquidity helped boost shares on both national stock exchange on November 6.

The VN-Index on the Ho Chi Minh City Stock Exchange rose 0.55 percent to reach 502.52 points, restoring last month's levels of above 500 points.

Trading value totalled 1.082 trillion VND (51.52 million USD) with the exchange of more than 81.849 million shares, 8 percent higher than the November 5 trading session.

The VN30-Index, composed of the city's largest shares in term of capitalisation and liquidity, advanced 0.75 per cent to 561.93 points.

Of those, 19 codes added value between 100 VND to 900 VND per share while only two slipped during the session's trades.

Losers PetroVietnam Gas Distribution (PGD) and PetroVietnam General Services Joint Stock Corporation (PET) lost 100 VND and 200 VND per share, respectively, while overall, winners outnumbered losers by 115-56.

Real estate giant Hoang Anh Gia Lai Group (HAG) led the bourse with 4 million shares changing hands, followed by FLC Group (FLC) with 3.7 million shares traded and technology Tan Tao Group (ITA) with 3.5 million shares exchanged.

On the Hanoi Stock Exchange, the HNX-Index edged up 0.58 percent to 63.28 points, increasing for the seventh consecutive day. More than 47.74 million shares were traded with a total value of more than 322.5 billion VND (15.35 million USD).

The HNX30-Index rose by 0.94 percent to end at 119.19 points.

Cashflow continued to favour shares in the petrol and oil sectors, with small market prices, including PXA, PVV, PVL, PVA, PV2. According to FPT Securities, penny and midcap groups continued to attract investors yesterday, with a recent forecast from HSBC showing positive gains for the economy helping to buoy the market.

Foreign investors concluded the day as net buyers managing nearly 25 billion VND (1.19 million USD) in trades.-VNA

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