Trading value on the Ho Chi Minh City Stock Exchange jumped 71.4percent compared to the December 11 session, reaching 2.44 trillion VND(115 million USD), although the volume of trades reached only 80.16million shares, no higher than previous sessions.
The dramatic increase in trading was mainly caused by transactions onVinamilk (VNM) shares, which saw more than 10 million units exchangedthrough the negotiation method at its ceiling price, totalling 1.5trillion VND (70.7 million USD).
However, VNM ended the session 0.7 percent lower to 140,000 VND (6.6 USD) per share.
Also, the VN-Index gained 0.3 percent to 506.92 points, with advancers outnumbering decliners by 129-71.
Meanwhile, blue chips tracked by the VN30 performed well, lifting theindex 0.3 percent to 567.40 points. Also, only five of the 30 stocksretreated, while private equity group Masan (MSN) was still the backbonefor the market, adding 1.8 percent.
On the HanoiStock Exchange, the HNX-Index enjoyed a 0.6 percent rally to 65.97points. The HNXFF-Index also rose 0.7 percent to 66.12 points.
Market value and volume reached 293 billion VND (13.8 million USD) and over 37.8 million shares.
Large-cap stocks in Hanoi helped the HNX30 gain 1 percent to finish at124.76 points, and foreign investors bought a net of 52.5 billion VND(2.5 million USD) yesterday.
Trading faced hardtimes during most of yesterday's session, but a low price range formedon Wednesday, stimulating investor appetites.
However, BIDV Securities Co analyst Tran Thang Long remained cautious."Although indexes rebounded, the higher trading value was only due toactivities placed on a single stock, while trading volume actuallydeclined," he said.
"Investors should then offload some shares to cash in," he added.-VNA