Looser trading cap spurs shares
Shares managed to
rally on both national stock exchanges on January 15, with many listed
stocks hitting their newly-extended ceiling prices.
On the HCM
City Stock Exchange, the VN-Index added 0.53 percent to close at 461.42
points after losing nearly 1 percent in the previous session.
Only 52 listed stocks declined while roughly 200 others increased.
Trading value jumped 18.6 percent over January 14 to reach 1.17
trillion VND (55.7 million USD), as trading volume fetched 88.8 million
shares.
Blue chips enjoyed a day in the green as 23 out of the 30 leading shares added value.
Two codes among these stocks - construction and real estate shares Dic
Corp (DIG) and Tan Tao (ITA) - reached their ceiling prices on January
15, the first day of trading caps being raised from 5 to 7 percent in
HCM City.
Meanwhile, only insurer Bao Viet (BVH), logistics
firm Gemadept (GMD), steel producer Hoa Phat (HPG) and Sacombank (STB)
retreated.
The VN30 rose 0.99 percent to 542.73 points.
On the Hanoi Stock Exchange, the HNX-Index closed at 62.19 points, 2.6
percent higher than at the end of January 14’s session.
Gainers overwhelmed losers by 198-53.
Market value surged 64.6 percent to 849 billion VND (40.4 million USD) on a volume of 111.35 million shares.
The HNX30, tracking the northern exchange's top shares, rose even higher - 3.3 percent - to 121.79 points.
Trading fluctuation on shares also heightened in Hanoi on January
15, from 7 to 10 percent. The most notable stock was PetroVietnam
Construction Co (PVX), which hit its ceiling price and saw over 13.4
million shares change hands./.VNA