Slower inflation boosts shares

National stocks rallied after monthly inflation rates for Hanoi and HCM City were announced. Inflation inched up 0.19 percent in the capital and 0.12 percent in HCM City.
National stocks rallied after monthly inflation rates for Hanoi andHCM City were announced. Inflation inched up 0.19 percent in thecapital and 0.12 percent in HCM City.

On theHCM Stock Exchange, the VN-Index rose by 0.5 percent to 440.29 pointswhile the VN30 increased by more than 0.8 per cent, reaching 501.29points.

Market value totalled nearly 992.5 billionVND (47.2 million USD), 7.9 percent higher than March 20's level. Thevolume of trades fetched more than 62.7 million shares.

Of the 10 leading shares by capitalisation, only Sacombank (STB) andinsurer Bao Viet Holdings (BVH) tumbled during on March 20 morning'strade. However, the number increased to four stocks at the end of thesession, adding software developer FPT (FTP) and food processor Masan(MSN).

Bao Viet continued to bottom out whiletechnology investment firm Sacom (SAM) was the most heavily traded stockin HCM City with around 3.8 million shares changing hands. Itretreated by 1.8 percent.

On the Hanoi Stock Exchange, the HNX-Index added more than 2 percent, reaching 74.39 points.

The value of trades edged up by 5.6 percent compared to the previousday's level, to 797 billion VND (38 million USD) on a volume of 78.3million shares.

With 11.2 million shares exchanged, Habubank (HBB) returned as the most active code nationwide.-VNA

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