Stock markets close in the green

Shares extended their rally on both national stock exchanges on Nov. 12 as trading values continued to improve.
Shares extended their rally on both national stock exchanges on Nov. 12 as trading values continued to improve.

The VN-Index on the Ho Chi Minh Stock Exchange edged up 0.49 percent to 388.62 points, while gainers outnumbered losers by 158-57.

Trading value in the southern city soared 65 percent on the previous session (Nov. 9) to reach nearly 527.4 billion VND (25 million USD) on a volume of 41.9 million shares.

The VN30 also rose 0.73 percent to 460.56 points thanks to the advance of 21 blue chips. Meanwhile, three property developers hit their ceiling prices, including Dic Corp (DIG), Tu Liem Urban Development (NTL) and Ocean Group (OGC).

However, six other stocks tracked by the index lost between 0.3-1.3 percent, including insurer Bao Viet (BVH), steelmaker Hoa Phat ( HPG ), Sacombank (STB), commercial baker Kinh Do (KDC), Phu Nhuan Jewelry (PNJ) and Vietcombank (VCB).

On the Hanoi Stock Exchange, the benchmark HNX-Index enjoyed an increase of 1.82 percent, reaching 52.52 points.

Around 42 million shares changed hands, totalling a combined value of 255.5 billion VND (12 million USD), representing an 80 percent increase on Nov. 9's trading.

The HNX30, comprised of the northern bourse's biggest companies, put on 0.82 percent to close at 94.25 points.

Meanwhile, penny stocks performed well, most of which reached their daily increase limit. In addition, shares in securities, real estate, construction and mineral companies rebounded strongly.

Foreign investors boosted purchasing power on the day by concluding as net buyers with a positive margin of 27.2 billion VND (1.3 million USD).-VNA

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