Shares rise on confidence increase

The VN-Index advanced 0.84 percent to close on June 16's trading at 445.17 points – the first rising session of the week – while liquidity continued to decline.
The VN-Index advanced 0.84 percent to close on June 16's trading at 445.17 points – the first rising session of the week – while liquidity continued to decline.

On the HCM Stock Exchange, 34.5 million shares, worth 572.9 billion VND (27.8 million USD), changed hands, representing a decline of 31 percent in volume and 33 percent in value.

Advancers outnumbered decliners by 152-71, blue chips leading market rebound. Eight out of 10 of the largest capitalised shares, including real estate developer Vincom (VIC), hit the ceiling price of 5 percent for the fourth day in a row.

Saigon Securities Inc (SSI) shares were the most actively traded with 2.6 million exchanged on June 16, closing at the ceiling price of 19,900 VND (0.97 USD).

Only insurer Bao Viet Holdings (BVH) decreased 1.8 percent while dairy giant Vinamilk (VNM) closed unchanged.

On the Hanoi Stock Exchange, the HNX-Index climbed 1.21 percent to close on June 16's session at 78.68 points.

Trading value exceeded that of the HCM City market, reaching 720 billion VND (35 million USD) on a volume of 58.3 million shares, a rise of around 22 percent in both volume and value compared to Wednesday.

Gainers narrowly outnumbered losers by 141-139, with Kim Long Securities (KLS) shares continuing to be the most heavily traded nationwide by a volume of 7.4 million.

Foreign investors returned as net sellers on the HCM City bourse after just one session of net buying, unloading over 4.5 million shares, worth 44.6 billion VND (2.2 million USD). Foreign investors remained as net buyers on the Ha Noi bourse, picking up just over 2 billion VND (102,400 USD) worth of shares./.

See more