Shares surge as year-end approaches

National stocks rallied on December 30, but liquidity declined.
National stocks rallied on December 30, but liquidity declined.

On the Hochiminh Stock Exchange, the VN-Index jumped by 0.92 percent to reach 537.57 points.

Transactionvalue was lower by 28 percent than the previous day's level, closing at1.3 trillion VND (61.3 million USD) on a volume of 86.7 million shares.

The VN30 Index, comprising the city's 30 largest stocks interms of capitalisation and liquidity, added 1.34 percent to 591.18points. Only insurer Bao Viet (BVH) and private equity group Masan (MSN)retreated. Meanwhile, financial conglomerate Ocean Group (OGC) andPetroVietnam Transportation (PVT) hit their ceiling prices.

Manyothers also grew strongly, such as HCM City Securities (HCM), BecamexInfrastructure (IJC), Tan Tao Investment (ITA) and Saigon Securities Inc(SSI).

On the Hanoi Stock Exchange, the HNX-Index climbed by nearly 1.59 percent to end at 80.91 points.

TheHNX30 Index, representing the performance of the bourse's top 30 bluechips, increased by 2.88 percent to reach 155.75 points.

Tradingvalue and volume slightly decreased over the previous session to 516.9billion VND (24.3 million USD) and 46 million shares.

The netbuying value of foreign investors remained virtually the same asDecember 29's session, standing at 100.6 billion VND (4.7 million USD).

Aseries of low-priced shares reached the daily increase limit onDecember 30, namely, Sao Mai (ASM), Duc Long Gia Lai (DLG), HAI Agrochem(HAI) and Ha Do (HDG).

The shares of CII Bridges and Roads (LGC) and PVC Petro Capital and Infrastructure Investment (PTL) had the same experience.

This helped the groups of small- and micro-cap stocks rise by 0.96 percent and 0.35 percent, respectively.

There were 14 out of 23 sectors that posted increase in their values.

The securities sector led the group with 2.2 percent.

The market will be closed on January 1-2 due to the New Year holiday.

It will resume on December 5.-VNA

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