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Shares advance on soaring volume

HA NOI – Shares extended their gains to three successive days when the stock markets opened for a new week this morning.

Both indices advanced strongly.

The combined volume of trades totalled more than 184 million shares worth VND4.15 trillion (US$197.6 million).

In HCM City, the VN-Index rose 0.26 per cent to close at 465.56.

Almost 96.8 million shares worth VND2.39 trillion ($113.8 million) changed hands.

Advances tripled declines.

More than 40 per cent of the 168 codes to post gains hit their ceiling prices. Most were property developers or seafood and rubber companies.

They included Long An Food Processing Export (LAF); Dat Xanh Real Estate Service and Construction (DXG); Da Nang Rubber (DRC); the Southern Rubber Industry (CSM) and Investment and Trading of Real Estate (ITC).

Saigon Securities Inc (SSI) was the most active with more than 7 million changing hands. SSI rose to the ceiling price to close at VND29,200 ($1.39).

In Ha Noi, the HNX-Index advanced 0.35 per cent to close at 117.07.

More than 87.7 million shares worth VND1.76 trillion ($83.8 million) were exchanged.

Advances outnumbered declines 194-115 and 54 codes hit their ceiling prices.

Kim Long brokerage firm (KLS), with a volume of more than 10.6 million, was the most heavily-traded shares nation-wide.

It rose 5.8 per cent to close at VND16,400 (module_ussslot1_2_1_2_1_data.78).

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