Stocks extend rallies after interest rate cut
News of an interest rate cut continued to help lift the market on
October 29 as both stock exchanges advanced for the second day.
News of an interest rate cut continued to help lift the market on
October 29 as both stock exchanges advanced for the second day.
The benchmark VN-Index on the HCM City Stock Exchange added another 8 points, or 1.38 percent, to end the session at 591.20 points.
The VN30, which tracks the top 30 shares by market value and liquidity, also jumped 1.47 percent to close at 628.10 points.
Driven by bargains, the Ocean Group (coded OGC) rebounded on October 29, after falling heavily in the last two sessions following the arrest of its former leader. OGC increased 6.32 percent to close at 10,100 VND per share with over 6 million shares traded.
Money flowed heavily into shares of Saigon Securities Inc (coded SSI). More than 8.5 million shares, worth a total 159.5 billion VND (7.6 million USD), changed hands. This accounted for 19 percent of total market value on the southern bourse and 31 percent of total trading value of the top 30 shares.
SSI shares also rose 4.05 percent to finish at 30,800 VND (1.46 USD) a share.
Liquidity decreased 10 percent against the previous session in both volume and value, totalling 100.3 million shares worth 1.77 trillion VND (nearly 84 million USD).
FLC Group was the most active code with 11.2 million shares. It rallied 3.67 percent to close at 11,300 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also improved 1.55 percent to end at 86.60 points, but the market volume and value declined 10 percent from October 28, reaching just 46.5 million shares worth more than 797 billion VND (33.5 million USD).
KLF Joint Venture Global Investment Co (coded KLF) rose to be the most active stock in the afternoon with trades of 5.3 million shares. It climbed 4.59 percent to settle at 11,400 VND (0.54 USD) a share.
F.I.T Investment Co (coded FIT) retreated to second place with 4.5 million shares, surging 5.3 percent to end at 25,400 VND (1.20 USD) a share.
Foreign investors remained net buyers in HCM City with a net buy value of 110.5 billion VND (5.2 million USD).-VNA
The benchmark VN-Index on the HCM City Stock Exchange added another 8 points, or 1.38 percent, to end the session at 591.20 points.
The VN30, which tracks the top 30 shares by market value and liquidity, also jumped 1.47 percent to close at 628.10 points.
Driven by bargains, the Ocean Group (coded OGC) rebounded on October 29, after falling heavily in the last two sessions following the arrest of its former leader. OGC increased 6.32 percent to close at 10,100 VND per share with over 6 million shares traded.
Money flowed heavily into shares of Saigon Securities Inc (coded SSI). More than 8.5 million shares, worth a total 159.5 billion VND (7.6 million USD), changed hands. This accounted for 19 percent of total market value on the southern bourse and 31 percent of total trading value of the top 30 shares.
SSI shares also rose 4.05 percent to finish at 30,800 VND (1.46 USD) a share.
Liquidity decreased 10 percent against the previous session in both volume and value, totalling 100.3 million shares worth 1.77 trillion VND (nearly 84 million USD).
FLC Group was the most active code with 11.2 million shares. It rallied 3.67 percent to close at 11,300 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also improved 1.55 percent to end at 86.60 points, but the market volume and value declined 10 percent from October 28, reaching just 46.5 million shares worth more than 797 billion VND (33.5 million USD).
KLF Joint Venture Global Investment Co (coded KLF) rose to be the most active stock in the afternoon with trades of 5.3 million shares. It climbed 4.59 percent to settle at 11,400 VND (0.54 USD) a share.
F.I.T Investment Co (coded FIT) retreated to second place with 4.5 million shares, surging 5.3 percent to end at 25,400 VND (1.20 USD) a share.
Foreign investors remained net buyers in HCM City with a net buy value of 110.5 billion VND (5.2 million USD).-VNA
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