Viet Reader.

VR.

Premier Newspaper for Vietnamese Worldwide

Stock markets stage strong rally

Stock markets stage strong rally

Employees monitor stock prices at a securities company in HCMC. The main index advanced 3.19% from the session earlier at 1,056.61 points today, January 29 – PHOTO: THANH HOA

HCMC – Active bottom fishing and strong demand for many largecaps propped the VN-Index of the Hochiminh Stock Exchange up 32.67 points at the close today, January 29.

The southern bourse turned positive as gainers outnumbered losers by 375 to 90. The main index advanced 3.19 % from the session earlier at 1,056.61 points. Trade volume totaled over 797 million shares worth VND17.8 trillion, down 4.7% in volume and 15.3% in value against the previous session. Over 53 million shares valued at VND1.9 trillion were traded in block deals.

Many stocks in the VN30 basket were in positive territory, with tech giant FPT, dairy firm VNM, housing developer VHM and jewelry firm PNJ closing at their ceiling prices.

Other best performers included lender BID, steelmaker HPG and gas firm GAS improving 3.8%-4.4% at the end.

Among the small and medium stocks, financial firm FIT, construction firm ROS and property developer FLC continued their downward spiral, but FLC took the lead on the southern bourse by liquidity with 55.6 million shares changing hands.

Closing in the upbeat mood, the HNX-Index of the Hanoi Stock Exchange added 11.17 points, or 5.5%, against the session earlier, at 214.21.

In the HNX30 basket, lender NVB, exporter TNG and construction firm VC3 ended in the red, while the rest made good performance, with securities firm SHS and gas and oil stock PVC hitting the ceiling prices.

Lender SHB was the most actively traded stock on the northern bourse with 32.3 million shares changing hands and finished the day up.

About author
You should write because you love the shape of stories and sentences and the creation of different words on a page.
View all posts
More on this story