VN-Index climbs for third day

Wednesday, Aug 10, 2016 13:16

The benchmark VN-Index increased for a third consecutive day. — Photo

HANOI (Biz Hub) – The benchmark VN-Index advanced for a third consecutive day, up 1.2 per cent, to close this morning at over 645 points.

Nearly 120 shares of 310 codes on the HCM Stock Exchange gained value, while only 73 shares declined.

Further, both blue chips and mid-cap shares extended gains this morning.

Real estate giant VinGroup (VIC), the fourth largest shares by market capitalization, hit its daily limit rise of 7 per cent. Other leading stocks, including dairy firm Vinamilk (VNM), insurer Bao Viet Holdings (BVH) and steelmaker Hoa Phat Group (HPG), increased between 0.6 and 1.7 per cent.

Money also poured into mid-cap and penny stocks, such as multi-sector business Hoang Anh Gia Lai Co (HAG) and its subsidiary Hoang Anh Gia Lai International Agriculture (HNG), along with auto distributor Hoang Huy Investment Service (HHS), which pushed these shares up to their ceiling prices.

Meanwhile, liquidity remained low, as only 64.3 million shares worth VND1.2 trillion (US$54 million) were traded in HCM City's market. Additionally, only 14 stocks had trading of over 1 million shares, of which Hoang Anh Gia Lai Co (HAG) was the most active, with almost 5 million shares traded.

On the Ha Noi Stock Exchange, the HNX-Index closed marginally, up 0.1 per cent to end the morning session at 81.7 points. More than 17 million shares, worth VND216 billion, were exchanged by the end of the morning.

The afternoon session begins at 1pm. – VNS

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