Shares continue upward climb

Share extended their rally during January 30’s session, reaching six successive days of gains.
Share extended their rally during January 30’s session, reaching six successive days of gains.

On the Ho Chi Minh Stock Exchange, the VN-Index finished 0.74 percent higher to 487.60 points, while gainers outnumbered losers by 158-56.

However, trading value slightly decreased over the previous session’s level to reach 1.27 trillion VND (60.4 million USD) on a volume of 83.26 million shares.

Of the 30 leading shares tracked by the VN30 Index, eight codes tumbled while most of the others added value.

Notably, logistics company Gemadept (GMD), financial conglomerate Ocean Group (OGC) and Becamex Infrastructure Co (IJC) rose to their ceiling prices.

The overall index advanced by 0.55 percent to 572.76 points.

On the Hanoi Stock Exchange, the HNX-Index added 0.57 percent to close at 63.35 points.

Market value reached just 86 percent of January 29’s figure, standing at 563.5 billion VND (26.8 million USD).

Meanwhile, blue chips in Hanoi helped the HNX30 index gain 0.56 percent on its way to 124.08 points.

Maybank Kim Eng Company’s head of research and analysis Michael Kokalari estimated Vietnamese stocks has increased 15 percent in January.

“Cash has been stronger in HCM City than Hanoi and the VN-Index will increase faster in the short term,” he said.

Foreign investors continued to be net buyers on both bourses, picking a combined margin worth 269.7 billion VND (12.8 million USD).-VNA

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