Stock market advances for fourth straight day

The VN Index, a measure of 187 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, gained 5.51 points, 1.18 percent, to 470.75 on December 23.

It is the fourth straight advance of the index after falling to 434.87 points last weekend. However, slumping bank shares prevented the index from climbing higher.

On the index, 88 advanced, 70 fell, and 41 were unchanged with most blue-chips rallying.

Hanoi’s HNX-Index rose 3.75 points to close at 153.26. There were 119 gainers, 86 losers, and 39 remained unchanged. Trading value reached more than VND2.3 trillion.

Experts said the markets may remain high until the end of the year thanks to positive economic reports.

By Hoa Thien Vy - Translated by Phong Linh

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