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 and HCM City were announced. Inflation inched up 0.19 percent in the capital and 0.12 percent in HCM City.

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

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

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

Bao Viet continued to bottom out while technology investment firm Sacom (SAM) was the most heavily traded stock in HCM City with around 3.8 million shares changing hands. It retreated 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 previous day's level, to 797 billion VND (38 million USD) on a volume of 78.3 million shares.

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

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