Shares extended their gains to three successive days, with both stock indices advancing strongly as soon as the markets opened on Dec. 13 morning.
Banking and financial shares led the rally, but the high number of unsold shares depressed trading volumes and values on both exchanges.
Market support came from the State Bank of Vietnam's proposal to the Government to extend the December 31 deadline for commercial banks to meet the new higher charter capital requirement of 3 trillion VND (141.7 million USD).
According to an unofficial source, the Government agreed to give banks an additional six months to comply.
On the HCM Stock Exchange, the VN-Index climbed 3.63 percent to end the session at 490.22 points. Volume declined 14 percent from Dec. 10 to just over 80 million shares, while the trades plunged by over 44 percent to almost 1.88 trillion VND (89.3 million USD).
Advancers outnumbered decliners 234-16, with 132 codes hitting the top of their trading band for the day.
Shares of PetroVietnam-Idico Long Son Industrial Park Investment (PXL), which debuted on the HCM Stock Exchange on Dec. 9, suprised the market, becoming Dec. 13's most-active share on a volume of 4.46 million. PXL rose 2.9 percent to close at 14,100 VND (0.67 USD).
On the Hanoi Stock Exchange, the HNX-Index soared by over 4.6 percent to close at 121.76 points, but volume declined 12 percent to 53.1 million shares, worth just 1.07 trillion VND (51 million USD).
Over 61 percent of the 316 shares to post gains on the day climbed to their ceiling prices.
PetroVietnam Construction (PVX), with over 3.9 million shares exchanged, was the most heavily-traded stock and reached the top of its trading band, ending the day at 23,800 VND (0.78 USD) per share.
Foreign investors concluded Dec. 13 as net sellers in HCM City of 2.1 million shares, worth a net of over 24 billion VND (1.1 million USD), but they were net buyers in Hanoi of 2.58 billion VND (122,900 USD) worth of shares./.
Banking and financial shares led the rally, but the high number of unsold shares depressed trading volumes and values on both exchanges.
Market support came from the State Bank of Vietnam's proposal to the Government to extend the December 31 deadline for commercial banks to meet the new higher charter capital requirement of 3 trillion VND (141.7 million USD).
According to an unofficial source, the Government agreed to give banks an additional six months to comply.
On the HCM Stock Exchange, the VN-Index climbed 3.63 percent to end the session at 490.22 points. Volume declined 14 percent from Dec. 10 to just over 80 million shares, while the trades plunged by over 44 percent to almost 1.88 trillion VND (89.3 million USD).
Advancers outnumbered decliners 234-16, with 132 codes hitting the top of their trading band for the day.
Shares of PetroVietnam-Idico Long Son Industrial Park Investment (PXL), which debuted on the HCM Stock Exchange on Dec. 9, suprised the market, becoming Dec. 13's most-active share on a volume of 4.46 million. PXL rose 2.9 percent to close at 14,100 VND (0.67 USD).
On the Hanoi Stock Exchange, the HNX-Index soared by over 4.6 percent to close at 121.76 points, but volume declined 12 percent to 53.1 million shares, worth just 1.07 trillion VND (51 million USD).
Over 61 percent of the 316 shares to post gains on the day climbed to their ceiling prices.
PetroVietnam Construction (PVX), with over 3.9 million shares exchanged, was the most heavily-traded stock and reached the top of its trading band, ending the day at 23,800 VND (0.78 USD) per share.
Foreign investors concluded Dec. 13 as net sellers in HCM City of 2.1 million shares, worth a net of over 24 billion VND (1.1 million USD), but they were net buyers in Hanoi of 2.58 billion VND (122,900 USD) worth of shares./.
