The VN-Index soared to an eight-month high on January 9, adding morethan 16 points or 2.94 percent to close the session at 569.73 points.
Bluechips led the market rally yesterday as two-thirds of the top 30 sharesin terms of market value and liquidity gained value, including Bao VietHoldings (BVH), Hoang Anh Gia Lai Co (HAG), Saigon Securities Inc(SSI), PetroVietnam Drilling and Wells Service Corp (PVD) and dairygiant Vinamilk (VNM).
VNM led the gainers with a rise of 4.6 percent to finish the session at 103,000 VND (4.81 USD) per share.
Outsidethe VN30, PV Gas (GAS) hit the ceiling price of 74,000 VND (3.46 USD)following the news that the company would buy back 10 million shares inthis quarter at the maximum price of 100,000 VND a share.
Theoverall market condition was positive as advancers overwhelmed declinersby 110-61 and the other 82 codes closed flat. The VN30, which tracksthe top 30 shares here, climbed 1.9 percent to end at 618.41 points.
Stablemoney inflow throughout the session was one of the biggest marketsupports. Both market volume and value jumped 40 percent compared withthe previous session, totaling 107.5 million shares worth 1.874 trillionVND (87.6 million USD).
FLC Group (FLC) was again the leadingshare with 10.8 million shares traded, climbing 1.85 percent to close at11,100 VND a share.
On the Hanoi Stock Exchange, the HNX-Indexalso added 1.83 percent to finish at 85.65 points. Liquidity alsoimproved here as the trading volume increased 30 percent over January 8,reaching nearly 56 million shares, while the value of trades grew 25percent to 737 billion VND (34.4 million USD).
Sai Gon-Hanoi Bank(SHB) was the most active stock on January 9 on trades of 9.2 millionshares, increasing 4.65 percent to settle at 9,000 VND a share.
Investors became more confident after rumours that the central bankheld a January 9 meeting to revise Circular 36. Issued in November, thecircular stipulates that banks cannot lend more than 5 percent of theircharter capital to stock investments. Investors hoped the authoritywould ease this lending cap to bring more money into the stock market.
Foreigninvestors continued to sell local shares in the HCM City market onJanuary 9 but at a slower pace, selling 1.44 billion VND (67,300 USD)worth of shares. They remained net buyers in Hanoi , picking upshares worth more than 14 billion VND (654,200 USD).-VNA
Bluechips led the market rally yesterday as two-thirds of the top 30 sharesin terms of market value and liquidity gained value, including Bao VietHoldings (BVH), Hoang Anh Gia Lai Co (HAG), Saigon Securities Inc(SSI), PetroVietnam Drilling and Wells Service Corp (PVD) and dairygiant Vinamilk (VNM).
VNM led the gainers with a rise of 4.6 percent to finish the session at 103,000 VND (4.81 USD) per share.
Outsidethe VN30, PV Gas (GAS) hit the ceiling price of 74,000 VND (3.46 USD)following the news that the company would buy back 10 million shares inthis quarter at the maximum price of 100,000 VND a share.
Theoverall market condition was positive as advancers overwhelmed declinersby 110-61 and the other 82 codes closed flat. The VN30, which tracksthe top 30 shares here, climbed 1.9 percent to end at 618.41 points.
Stablemoney inflow throughout the session was one of the biggest marketsupports. Both market volume and value jumped 40 percent compared withthe previous session, totaling 107.5 million shares worth 1.874 trillionVND (87.6 million USD).
FLC Group (FLC) was again the leadingshare with 10.8 million shares traded, climbing 1.85 percent to close at11,100 VND a share.
On the Hanoi Stock Exchange, the HNX-Indexalso added 1.83 percent to finish at 85.65 points. Liquidity alsoimproved here as the trading volume increased 30 percent over January 8,reaching nearly 56 million shares, while the value of trades grew 25percent to 737 billion VND (34.4 million USD).
Sai Gon-Hanoi Bank(SHB) was the most active stock on January 9 on trades of 9.2 millionshares, increasing 4.65 percent to settle at 9,000 VND a share.
Investors became more confident after rumours that the central bankheld a January 9 meeting to revise Circular 36. Issued in November, thecircular stipulates that banks cannot lend more than 5 percent of theircharter capital to stock investments. Investors hoped the authoritywould ease this lending cap to bring more money into the stock market.
Foreigninvestors continued to sell local shares in the HCM City market onJanuary 9 but at a slower pace, selling 1.44 billion VND (67,300 USD)worth of shares. They remained net buyers in Hanoi , picking upshares worth more than 14 billion VND (654,200 USD).-VNA
