Market value climbs in new lunar year

Vietnamese stocks continued to increase in value as the first trading session of the new lunar year closed on February 24.
Vietnamese stocks continued to increase in value as the first trading session of the new lunar year closed on February 24.

Total market turnover reached 1.47 trillion VND (70.3 million USD) on a total volume of over 88.56 million shares, as investors were confident with the market's prospects.

On the Hochiminh Stock Exchange, the VN-Index gained 1.65 percent to reach 596.95 points.

The market turnover of the southern bourse was 1.14 trillion VND (54.6 million USD) with a volume of over 62.8 million shares.

Bank shares remained the focus of the trading session. The market saw a remarkable achievement in Vietcombank code (VCB) as it reached its ceiling price of 39,000 VND (1.85 USD) for trading total 179,000 shares at the market's close.

Other bank codes, including the Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Military Bank (MBB), also raised their prices by between 2.16 and 4.49 percent, to 18,500 VND, 18,600 VND and 14,200 VND, respectively.

Blue chips, the 30 biggest stocks in terms of capitalisation and liquidity, had a mixed performance that helped raise the VN30 Index by 1.13 percent to 624.17 points.

Of these 30 stocks, advancers outnumbered decliners by 22 to 3. Property developer FLC Group (FLC) was still the most active code with more than 11.6 million traded shares and an unchanged price of 11,300 (VND). Its total trading value was 131.8 billion VND (6.27 million USD).

On the Hanoi Stock Exchange, the HNX-Index reached 86.39 points, up 1.32 percent.

Liquidity reached 330 billion VND (15.7 million USD) and more than 25.6 million shares.

The HNX30, comprising the northern bourse's 30 stocks, put on 1.11 percent to 167.01 points.

KLF was the most active code on the market. It traded 3.7 million shares for a price that increased by 0.93 percent.

Foreign investors purchased a total value of 127.5 billion VND (6 million USD) in two markets, a decrease of 28 percent over the last session before the Tet holiday.

On the Hochiminh Stock Exchange, foreign investors bought 3.3 million shares for 120.5 billion VND (5.7 million USD), while they bought 485,750 shares for 6.5 billion VND (309,500 USD) on the Hanoi Stock Exchange.

The codes that received the largest foreign investments were on the Hochiminh Stock Exchange, including BVH, VCB and BID, each of which was bought for total net value of 5 billion VND (238,000 USD).-VNA

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