Rally extends to fourth day

Shares on both stock exchanges increased for the fourth day in a row on Dec 27, continuing an uptrend in the medium term.
Shares on both stock exchanges increased for the fourth day in a row on Dec 27, continuing an uptrend in the medium term.

On the HCM Stock Exchange, the VN-Index added another 0.95 percent to finish the day at nearly 410 points.

Blue chips continued to propel the upward trend as the VN30, tracking the top 30 shares, also rose 1.03 percent to close at 480.85 points.

Trading volume climbed to a five-month high of 79.45 million shares, worth more than 1.31 trillion VND (62.7 million USD), up 51 percent from the previous day's value.

Property developer Tan Tao Investment Industry (ITA) was the most active code on the southern bourse on trades of 3.57 million shares. ITA also closed unchanged at 4,600 VND a share.

On the Hanoi Stock Exchange, the HNX-Index also edged 0.41 percent up to 56.15 points while the trading value jumped 41 percent over Dec. 26, totalling 569.7 billion VND (27.3 million USD).

With more than 22.6 million shares traded by the end of the session, Sai Gon – Hanoi Bank (SHB) was the most heavily traded stock nationwide. PetroVietnam Construction (PVX) closely followed with total trades of 11.2 million shares. Trading of the two shares made up 39 percent of total volume on the northern bourse.
 
Foreign investors also increased their buys in the HCM City exchange, picking up 364 billion VND (17.4 million USD) worth of shares during the day, although they bought only 12.6 million VND (603 USD) on the Hanoi bourse.-VNA

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