Money continued to flow in Ho Chi Minh City's stock market on May 22, extending gains on the southern exchange.
Meanwhile, the VN-Index added another 9 points, or 1.68 percent, to close yesterday's session at 561.82 points.
Blue chips continued to grow, with the VN30, which tracks the top 30shares by market value and liquidity here, rising 1.37 percent to end at586.58 points.
Also, liquidity was relatively high,as almost 120 million shares, worth 1.9 trillion VND (87.6 millionUSD), were traded by the end of the session.
Further, the market condition remained positive with 148 stocks climbing, 84 falling and 71 closing flat.
Property developer FLC Group (FLC) still claimed the most active stockposition, with trades of 14.6 million shares. Its price closed flat at10,400 VND per share.
Foreign purchases alsocontributed to the market uptrend. The foreign sector poured nearly438.4 billion VND (20.2 million USD) into HCM City's market, up 57percent over the previous day’s level, as well as the highest in thepast 12 sessions.
They were responsible for a net buy value of145 billion VND (6.7 million USD) by the end of the day, while tradesfocused on VN30's shares, helping push these shares' prices higher.
By contrast, the HNX-Index on the Hanoi Stock Exchange lost 0.2percent to finish the day at 79.55 points, as many investors decided toearn quick margin profits.
Liquidity continued tobuild here, with both market volume and value climbing 20 percent overthe previous session, totalling nearly 58 million shares worth 644.5billion VND (29.7 million USD).
Speculative stockF.I.T Investment Co (FIT) was the most active here, trading 9.5 millionshares, but its price dived 7.6 percent to settle at 13,400 VND pershare.
Foreign investors were also net buyers in Hanoi'smarket, but their net buy was much smaller than that of HCM City'smarket, at just nearly 4 billion VND (184,300 USD) on May 22.-VNA