Trading value on August 15 surpassed 1 trillion VND for the first time since the middle of last month on Vietnamese stock markets as investors were upbeat on better-than-expected earning reports released by several leading companies.
On the Ho Chi Minh City Stock Exchange, the VN-Index climbed to a two-month high of 508.22 points, up 0.92 percent over the previous session, while the value of trades rose 40 percent to a total of nearly 1.14 trillion VND (54.3 million USD).
Hoang Anh Gia Lai Corp (HAG) surged 5.3 percent following news that its first half earnings doubled that of last year, totalling 368.3 billion VND (17.5 million USD) ending June.
Profits during the second quarter alone made up 283.6 billion VND (13.5 million USD), of which HAG's sugar business accounted for 44 percent of the company's total revenue.
Insurer Bao Viet Holdings (BVH) on August 15 also reported an after-tax profit for the parent company of 600 billion VND (28.6 million USD) in the first half, up 2 percent year-on-year.
Seventeen of the top 30 shares by market capitalisation and liquidity advanced while only four declined, pushing the VN30 up 0.85 percent to 559.07 points.
Investors also focused more on mid-cap shares with good earning results such as PetroVietnam Transportation (PVT), FLC Group (FLC) or Tan Tao Investment Industry (ITA). The latter was the most active with 6 million shares exchanged at 6,000 VND each, up 5.3 percent over the previous session.
Up to 16 codes had trades of over 1 million shares.
On the Hanoi Stock Exchange, the HNX-Index climbed 0.68 percent to 62.33 points but market value remained modest at 200 billion VND (9.5 million USD).
The gainers outnumbered the losers by 104-71 while 204 shares closed flat.
Property developer Sacomreal (SCR) remained the most active with 4.8 million shares traded at 6,400 VND a share.-VNA
On the Ho Chi Minh City Stock Exchange, the VN-Index climbed to a two-month high of 508.22 points, up 0.92 percent over the previous session, while the value of trades rose 40 percent to a total of nearly 1.14 trillion VND (54.3 million USD).
Hoang Anh Gia Lai Corp (HAG) surged 5.3 percent following news that its first half earnings doubled that of last year, totalling 368.3 billion VND (17.5 million USD) ending June.
Profits during the second quarter alone made up 283.6 billion VND (13.5 million USD), of which HAG's sugar business accounted for 44 percent of the company's total revenue.
Insurer Bao Viet Holdings (BVH) on August 15 also reported an after-tax profit for the parent company of 600 billion VND (28.6 million USD) in the first half, up 2 percent year-on-year.
Seventeen of the top 30 shares by market capitalisation and liquidity advanced while only four declined, pushing the VN30 up 0.85 percent to 559.07 points.
Investors also focused more on mid-cap shares with good earning results such as PetroVietnam Transportation (PVT), FLC Group (FLC) or Tan Tao Investment Industry (ITA). The latter was the most active with 6 million shares exchanged at 6,000 VND each, up 5.3 percent over the previous session.
Up to 16 codes had trades of over 1 million shares.
On the Hanoi Stock Exchange, the HNX-Index climbed 0.68 percent to 62.33 points but market value remained modest at 200 billion VND (9.5 million USD).
The gainers outnumbered the losers by 104-71 while 204 shares closed flat.
Property developer Sacomreal (SCR) remained the most active with 4.8 million shares traded at 6,400 VND a share.-VNA
