Stocks rally past 580 threshold
The VN-Index on July 3 finally surpassed the "hard" threshold of 580
points after several crashes. It rose 1.07 percent to close the session
at 585.02 points.
The VN-Index on July 3 finally surpassed the "hard" threshold of 580
points after several crashes. It rose 1.07 percent to close the session
at 585.02 points.
Strong local buying pumped up the market when liquidity increased over the previous session. Market volume was up 25 percent, totalling nearly 131.5 million shares and fund certificates.
The value of trades also went up 20 percent to more than 2 trillion VND (94.8 million USD).
Blue chips recovered as most of the top 30 shares by market value and liquidity gained, pushing the VN30 up 1.12 percent to end at 627.17 points.
PV Gas (GAS), the main drag of the Index in the previous sessions, climbed 1.8 percent to 111,000 VND (5.21 USD) a share on July 3.
Other blue chips such as Vinamilk (VNM), Bao Viet Holdings (BVH), FPT Corp (FPT), Hoa Phat Group (HPG), VinGroup (VIC) and Hoa Sen Group (HSG) also advanced.
Realty stocks continued to draw speculative investors as four of the five most active codes were from this sector.
Tan Tao Investment Industry Corp (ITA) was again the most heavily-traded stock in Ho Chi Minh City, with nearly 11.7 million shares exchanged. They increased by 3.66 percent to close at 8,500 VND.
According to analysts at FPT Securities Co, investor confidence was boosted by optimistic economic data in the first half of this year, which helped lift the VN-Index to a nearly three-month high.
Investors expect such positive results will be translated into the first-half corporate earnings reports that will be released soon.
On the Hanoi Stock Exchange, the HNX-Index added another 0.96 percent to end at 79.66 points and the HNX30 improved by more than 1 percent to stand at 162.32 points.
Trading was bullish when both market volume and value grew 70 percent over the previous session, totalling 130 million shares worth 1.28 trillion VND (60.7 million USD).
Saigon-Hanoi Bank (SHB) was the most active stock with 10.2 million shares traded. The shares rose more than 1 percent to settle at 9,900 VND a share. In addition, another 32 million shares were exchanged via negotiations.
Foreign investors again concluded on July 3 as net buyers on the two stock exchanges, picking up shares worth a combined 62.7 billion VND (3 million USD).-VNA
Strong local buying pumped up the market when liquidity increased over the previous session. Market volume was up 25 percent, totalling nearly 131.5 million shares and fund certificates.
The value of trades also went up 20 percent to more than 2 trillion VND (94.8 million USD).
Blue chips recovered as most of the top 30 shares by market value and liquidity gained, pushing the VN30 up 1.12 percent to end at 627.17 points.
PV Gas (GAS), the main drag of the Index in the previous sessions, climbed 1.8 percent to 111,000 VND (5.21 USD) a share on July 3.
Other blue chips such as Vinamilk (VNM), Bao Viet Holdings (BVH), FPT Corp (FPT), Hoa Phat Group (HPG), VinGroup (VIC) and Hoa Sen Group (HSG) also advanced.
Realty stocks continued to draw speculative investors as four of the five most active codes were from this sector.
Tan Tao Investment Industry Corp (ITA) was again the most heavily-traded stock in Ho Chi Minh City, with nearly 11.7 million shares exchanged. They increased by 3.66 percent to close at 8,500 VND.
According to analysts at FPT Securities Co, investor confidence was boosted by optimistic economic data in the first half of this year, which helped lift the VN-Index to a nearly three-month high.
Investors expect such positive results will be translated into the first-half corporate earnings reports that will be released soon.
On the Hanoi Stock Exchange, the HNX-Index added another 0.96 percent to end at 79.66 points and the HNX30 improved by more than 1 percent to stand at 162.32 points.
Trading was bullish when both market volume and value grew 70 percent over the previous session, totalling 130 million shares worth 1.28 trillion VND (60.7 million USD).
Saigon-Hanoi Bank (SHB) was the most active stock with 10.2 million shares traded. The shares rose more than 1 percent to settle at 9,900 VND a share. In addition, another 32 million shares were exchanged via negotiations.
Foreign investors again concluded on July 3 as net buyers on the two stock exchanges, picking up shares worth a combined 62.7 billion VND (3 million USD).-VNA
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