Stock markets continue rally

Wednesday, Oct 29, 2014 12:25

Stock indices climbed in both domestic stock exchanges this morning. — Photo

HA NOI (Biz Hub) – News reports of an interest rate cut continued to help the market as both stock indices climbed this morning.

In HCM City, the VN-Index added 7.4 points, or 1.27 per cent, to end the morning session at 590.54 points, while the VN30, which tracks the top 30 shares by market value and liquidity, also jumped 1.21 per cent to end at 626.46 points.

Liquidity dropped from yesterday morning, with just 47 million shares worth VND825 billion (US$39 million) changing hands.

Driven by bargains, the Ocean Group (coded OGC) rebounded this morning, after falling heavily in the last two sessions following the arrest of its former leader.

OGC increased 6.32 per cent to close at VND10,100 per share. More than 3.7 million of its shares were traded.

Cable producer Viet Han Corporation (coded VHG) rose to become the most active code, with 4.5 million of its shares being traded at VND14,200 each.

On the Ha Noi Stock Exchange, the HNX-Index also climbed 1.26 per cent to close at 86.35 points, with a turnover of VND332.2 billion ($15.7 million).

FIT had the largest market volume, with 2.8 million of its shares being traded at VND25,100 ($1.19) each.

The afternoon session will start at 1pm. – VNS

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