Shares surge as year-end approaches

National stocks rallied on December 30, but liquidity declined.

On the Hochiminh Stock Exchange, the VN-Index jumped by 0.92 percent to reach 537.57 points.

Transaction value was lower by 28 percent than the previous day's level, closing at 1.3 trillion VND (61.3 million USD) on a volume of 86.7 million shares.

The VN30 Index, comprising the city's 30 largest stocks in terms of capitalisation and liquidity, added 1.34 percent to 591.18 points. Only insurer Bao Viet (BVH) and private equity group Masan (MSN) retreated. Meanwhile, financial conglomerate Ocean Group (OGC) and PetroVietnam Transportation (PVT) hit their ceiling prices.

Many others also grew strongly, such as HCM City Securities (HCM), Becamex Infrastructure (IJC), Tan Tao Investment (ITA) and Saigon Securities Inc (SSI).

On the Hanoi Stock Exchange, the HNX-Index climbed by nearly 1.59 percent to end at 80.91 points.

The HNX30 Index, representing the performance of the bourse's top 30 blue chips, increased by 2.88 percent to reach 155.75 points.

Trading value and volume slightly decreased over the previous session to 516.9 billion VND (24.3 million USD) and 46 million shares.

The net buying value of foreign investors remained virtually the same as December 29's session, standing at 100.6 billion VND (4.7 million USD).

A series of low-priced shares reached the daily increase limit on December 30, namely, Sao Mai (ASM), Duc Long Gia Lai (DLG), HAI Agrochem (HAI) and Ha Do (HDG).

The shares of CII Bridges and Roads (LGC) and PVC Petro Capital and Infrastructure Investment (PTL) had the same experience.

This helped the groups of small- and micro-cap stocks rise by 0.96 percent and 0.35 percent, respectively.

There were 14 out of 23 sectors that posted increase in their values.

The securities sector led the group with 2.2 percent.

The market will be closed on January 1-2 due to the New Year holiday.

It will resume on December 5.-VNA

Source: Vietnamplus

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