Vietnamese shares rise on positive liquidity

According to BIDV Securities Co's analysts, liquidity grew on the back of positive medium and long-term prospects. On the HCM City Stock Exchange, the VN-Index added 0.22 percent to close the session at 511.23 points.
According to BIDV Securities Co's analysts, liquidity grew on the backof positive medium and long-term prospects. On the HCM City StockExchange, the VN-Index added 0.22 percent to close the session at 511.23points.

The VN30, tracking the city's top 30 stocks, also put on 0.54 percent to finish at 573.21 points.

Private equity firm Masan Group (MSN) hit its daily ceiling to closeat 87,000 VND (4.1USD), with more than 1.8 million shares changing handsthrough the order matching method, its highest level in four years. PhaLaii Thermalpower (PPC), comm-ercial baker Kinh Do (KDC) and Sacombank(STB) also rose by 2.4-3.2 percent.

The total valuejumped over 44 per cent compared to December 6 to 1.56 trillion VND(73.5USD million) on a volume of 102.3 million shares.

On the Ha Noi Stock Exchange, the benchmark HNX-Index edged up 0.05 per cent to 66.12 points.

The HNXFF-Index,which will replace the HNX-Index next year, also gained 0.1 per cent to reach 66.24 points.

The HNX30, comprised of the northern bourse's leading stocks in termsof capitalisation and liquidity, ended at 125.53 points, up 0.47 percent.

However, several of the exchange's new indicesretreated, including mid and small-cap stocks and shares in thefinancial and construction sectors.

Trading on the bourse rose to 362.8 billion VND (17.1 USD million) with a volume of 41 million shares.

Despite major shares advancing, investors offloaded penny stocks suchas steelmaker Huu Lien A Chau (HLA), Incom Fish (ICF), textiles firmMirae (KMR), PetroLand (PTL) and Petroleum Industrial And CivilConstruction (PXI), which dipped to their floor prices.

Foreign investors bought a net value of 44 billion VND (2 USD million) on both bourses on December 9.-VNA

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