Shares and market liquidity rose significantly on both bourses on July22 as high market demand pumped huge flows of money into blue chips andkey shares.
The stock market's rise was also aided by positiveQ2-reports for securities firms and recent high appraisals of themarket's potential by international media.
Collectively, bothbourses traded 176.5 million shares worth 2.94 trillion VND (136.5million USD) – an increase of 28.8 percent over July 21 – and gainersnearly doubled decliners by 258 to 144.
HCM Stock Exchange's(HOSE) VN-Index added 13.24 points to finish at 629.85 points. TheHNX-Index on the Hanoi Stock Exchange (HNX) gained 2.08 points to closeat 87 points.
The two indices received strong boosts from bluechips as they lifted the VN30 and HNX30 basket. VN30 Index gained 13.61points with 22 advancers and HNX30 Index went up 4.33 points with 17gainers.
Bank shares, which lead the market, were purchased inabundance and advanced in both market value and liquidity. Military Bank(MBB) was among the most active codes with 5.17 million sharesexchanged.
Vietcombank (VCB), BIDV (BID) and Asia Commercial Bank(ACB) were the strongest advancers in the banking sector with 5.69, 5.6and 6.13 percent increases in value, respectively.
Gas shareson both markets also took advantage of the positive purchasing mood toadvance despite negative reports about the prosecution of Vietnam Gasand Oil Group's Chairman.
High demand from investors also helped securities and insurance shares to halt their recent declines.
SaigonSecurities Incorporation (SSI) increased by 3.06 percent and became themost active code on the southern bourse with 6.2 million sharesexchanged.
On the HNX, VNDirect Securities JSC (VND) advanced themost out of all securities shares, adding 900 VND (6.52 percent), toclose at 14,700 VND.
Most insurance shares closed as advancers,however the largest code - Bao Viet Holdings – dropped 3,000 VND (5.26percent) to 54,000 VND.
Other key players in the HNX's sunnyperformance include Masan Group Corporation (MSN); Hoa Phat Group JointStock Company (HPG), which hit ceiling value; and Saigon Thuong Tin RealEstate JSC (SCR), which was the most active code on the HNX with 8.8million shares exchanged.
Foreign investors, net buyers on July21, suddenly turned into net sellers on the following day, selling 95.8billion VND (4.43 million USD) on both bourses.-VNA
The stock market's rise was also aided by positiveQ2-reports for securities firms and recent high appraisals of themarket's potential by international media.
Collectively, bothbourses traded 176.5 million shares worth 2.94 trillion VND (136.5million USD) – an increase of 28.8 percent over July 21 – and gainersnearly doubled decliners by 258 to 144.
HCM Stock Exchange's(HOSE) VN-Index added 13.24 points to finish at 629.85 points. TheHNX-Index on the Hanoi Stock Exchange (HNX) gained 2.08 points to closeat 87 points.
The two indices received strong boosts from bluechips as they lifted the VN30 and HNX30 basket. VN30 Index gained 13.61points with 22 advancers and HNX30 Index went up 4.33 points with 17gainers.
Bank shares, which lead the market, were purchased inabundance and advanced in both market value and liquidity. Military Bank(MBB) was among the most active codes with 5.17 million sharesexchanged.
Vietcombank (VCB), BIDV (BID) and Asia Commercial Bank(ACB) were the strongest advancers in the banking sector with 5.69, 5.6and 6.13 percent increases in value, respectively.
Gas shareson both markets also took advantage of the positive purchasing mood toadvance despite negative reports about the prosecution of Vietnam Gasand Oil Group's Chairman.
High demand from investors also helped securities and insurance shares to halt their recent declines.
SaigonSecurities Incorporation (SSI) increased by 3.06 percent and became themost active code on the southern bourse with 6.2 million sharesexchanged.
On the HNX, VNDirect Securities JSC (VND) advanced themost out of all securities shares, adding 900 VND (6.52 percent), toclose at 14,700 VND.
Most insurance shares closed as advancers,however the largest code - Bao Viet Holdings – dropped 3,000 VND (5.26percent) to 54,000 VND.
Other key players in the HNX's sunnyperformance include Masan Group Corporation (MSN); Hoa Phat Group JointStock Company (HPG), which hit ceiling value; and Saigon Thuong Tin RealEstate JSC (SCR), which was the most active code on the HNX with 8.8million shares exchanged.
Foreign investors, net buyers on July21, suddenly turned into net sellers on the following day, selling 95.8billion VND (4.43 million USD) on both bourses.-VNA
