Stocks rose on the HCM Stock Exchange for a third straight day on Nov. 25, with the VN-Index gaining 1.24 percent to close at 439.85 points.
The value of trades totalled 688.4 billion VND (32.8 million USD ) as volume rose from 30.3 million shares on Nov. 24 to 33.8 million shares.
The number of gainers was twice that of the previous day's session, with 231 codes advancing and around 80 hitting their ceiling prices, including Hoa Sen Group (HSG), Sao Vang Rubber (SRC), Vietnam Mechanisation Electrification & Construction (MCG) and Transport Engineering Construction and Business Investment Co No 584 (NTB).
On the Hanoi Stock Exchange, the HNX-Index soared by an even more impressive 3.08 percent to end the session back above the basis level at 102.07 points.
The volume of trades actually outpaced HCM City's, with 40.6 million shares changing hands, but the value of trades was just a shade behind that on the southern bourse, totalling 672.7 billion VND (32 million USD).
PetroVietnam Construction (PVX) was the nation's most-active share, with 3.1 million traded.
Analysts of financial services provider Stoxplus Corporation said that stocks in the constructing materials industry saw the highest increases in price on Nov. 25, rising 3.6 percent overall, with steel stocks becoming a particular favourite of investors.
Eight out of 21 steel stocks matched their ceiling prices on Nov. 25, and all offered shares were bought up, noted analyst Le Cong.
"Many steel stocks fell sharply before, with some at nearly face-value prices. But they have returned as a favourite on the stock markets, with supportive news in both steel consumption and prices," Cong said.
Steel demand in November was estimated by the Vietnam Steel Association as 40,000 tonnes higher than in October. Meanwhile, steel price continued rising in November, even hitting the peak of 600,000 VND per tonne at mid-month, due to the rising costs of pig iron, a major material used in producing steel./.
The value of trades totalled 688.4 billion VND (32.8 million USD ) as volume rose from 30.3 million shares on Nov. 24 to 33.8 million shares.
The number of gainers was twice that of the previous day's session, with 231 codes advancing and around 80 hitting their ceiling prices, including Hoa Sen Group (HSG), Sao Vang Rubber (SRC), Vietnam Mechanisation Electrification & Construction (MCG) and Transport Engineering Construction and Business Investment Co No 584 (NTB).
On the Hanoi Stock Exchange, the HNX-Index soared by an even more impressive 3.08 percent to end the session back above the basis level at 102.07 points.
The volume of trades actually outpaced HCM City's, with 40.6 million shares changing hands, but the value of trades was just a shade behind that on the southern bourse, totalling 672.7 billion VND (32 million USD).
PetroVietnam Construction (PVX) was the nation's most-active share, with 3.1 million traded.
Analysts of financial services provider Stoxplus Corporation said that stocks in the constructing materials industry saw the highest increases in price on Nov. 25, rising 3.6 percent overall, with steel stocks becoming a particular favourite of investors.
Eight out of 21 steel stocks matched their ceiling prices on Nov. 25, and all offered shares were bought up, noted analyst Le Cong.
"Many steel stocks fell sharply before, with some at nearly face-value prices. But they have returned as a favourite on the stock markets, with supportive news in both steel consumption and prices," Cong said.
Steel demand in November was estimated by the Vietnam Steel Association as 40,000 tonnes higher than in October. Meanwhile, steel price continued rising in November, even hitting the peak of 600,000 VND per tonne at mid-month, due to the rising costs of pig iron, a major material used in producing steel./.
