Increased buys towards the end of the trading day lifted shares on both of the nation's stock exchanges on July 5, putting the brakes on a three-day losing streak.
On the HCM Stock Exchange, the VN-Index concluded the session at 413.83 points, an increase of 0.75 percent over the previous day. The value of trades rose by over 30 percent to nearly 464 billion VND (22 million USD), while volume was up 45 percent to over 31.5 million shares.
Advancers outnumbered decliners by 152-63.
A number of shares which saw declines during morning trading bounced back by the afternoon. Amongst the 30 leading shares by market capitalisation and liquidity, 20 closed up. The few losers included steelmaker Hoa Phat Group (HPG) and commercial baker Kinh Do (KDC), with losses of 0.4 percent and 1 percent, respectively.
The VN30 Index gained 0.7 percent to stand at 488.82 points.
Tan Tao Industry Investment Corporation (ITA), with a volume of 1.6 million shares, became the most-active code on the HCM City 's exchange, leaping 3.13 percent to end the day at 6,600 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also rose by over 2.5 percent to finish the sessionat 69.81 points. Trading improved with market volume jumping nearly 58 percent to 39.4 million shares, while the value of trades rose 49 percent to 336.4 billion VND (16 million USD).
VNDirect Securities (VND), PetroVietnam Construction (PVX) and Habubank (HBB) all hit their ceiling prices. VND was also the most heavily-traded share with nearly 6.4 million changing hands before it closed at its ceiling price of 9,900 VND.
After a period of strong declines, weak stocks have been washed out and the bottom-feeding was increasing, Bao Viet Securities Co's analyst Nguyen Xuan Binh wrote in a research note.
"Our technical analysis shows that the market could possibly recover in the next one or two sessions," Binh said.
Foreign investors were net buyers on both exchanges, picking up shares worth a combined 10 billion VND (476,000 USD).-VNA
On the HCM Stock Exchange, the VN-Index concluded the session at 413.83 points, an increase of 0.75 percent over the previous day. The value of trades rose by over 30 percent to nearly 464 billion VND (22 million USD), while volume was up 45 percent to over 31.5 million shares.
Advancers outnumbered decliners by 152-63.
A number of shares which saw declines during morning trading bounced back by the afternoon. Amongst the 30 leading shares by market capitalisation and liquidity, 20 closed up. The few losers included steelmaker Hoa Phat Group (HPG) and commercial baker Kinh Do (KDC), with losses of 0.4 percent and 1 percent, respectively.
The VN30 Index gained 0.7 percent to stand at 488.82 points.
Tan Tao Industry Investment Corporation (ITA), with a volume of 1.6 million shares, became the most-active code on the HCM City 's exchange, leaping 3.13 percent to end the day at 6,600 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also rose by over 2.5 percent to finish the sessionat 69.81 points. Trading improved with market volume jumping nearly 58 percent to 39.4 million shares, while the value of trades rose 49 percent to 336.4 billion VND (16 million USD).
VNDirect Securities (VND), PetroVietnam Construction (PVX) and Habubank (HBB) all hit their ceiling prices. VND was also the most heavily-traded share with nearly 6.4 million changing hands before it closed at its ceiling price of 9,900 VND.
After a period of strong declines, weak stocks have been washed out and the bottom-feeding was increasing, Bao Viet Securities Co's analyst Nguyen Xuan Binh wrote in a research note.
"Our technical analysis shows that the market could possibly recover in the next one or two sessions," Binh said.
Foreign investors were net buyers on both exchanges, picking up shares worth a combined 10 billion VND (476,000 USD).-VNA
