Both national stock indices extended rises on February 25 after lower-than-expected inflation data was released following the Tet holiday and a rumour about the arrest of BIDV chairman proved to be false.

On the Ho Chi Minh Stock Exchange, rises in blue chips lifted the benchmark VN-Index, which closed the day up 1.26 percent to 483.69 points.

The VN30 tracking the top 30 shares by market capitalisation and liquidity on the market was up higher at 558.17 points, an increase of 1.24 percent.

However, trading was sluggish when both market volume and value were down by 50 percent from the previous trading day (Feb. 22)’s levels, totalling 49.6 million shares, worth 735.7 billion VND (35.2 million USD).

According to analysts at FPT Securities Co, besides negative rumours that had affected the market during previous trading sessions, no positive information has appeared that is significant enough to help restore investors’ confidence.

Property developers, particularly those who focus on low-income housing, were the biggest gainers on the day after Deputy Governor of the State Bank of Vietnam Nguyen Dong Tien late last week said the central bank would direct commercial banks to provide loans to buy houses at just 6 percent per annum for 15 years to low-income earners.

Tan Tao Investment Industry Corp (ITA) was again the most active code on total trades of 3.7 million shares, closing flat at 8,400 VND each.

On the Hanoi Stock Exchange, the HNX-Index finished the day’s session at 64.19 points, up just 0.11 percent over Feb 22’s close.

Total trading value reached almost 381.4 billion VND (18.2 million USD), with Sai Gon-Hanoi Bank (SHB) being the most active code with 8.7 million shares changing hands. SHB closed unchanged at 7,700 VND a share.-VNA