The VN-Index enjoyed a rally Monday and climbed nearly six points to close at 378. Some 136 stocks gained, 17 lost and two were unchanged.
The volume of buy orders doubled that of sell orders. The total volume of transactions soared to 17.3 million units worth VND472 billion (US$28.4 million), of which order matching was responsible for 11.3 million trades worth VND348 billion (US$20.9 million).
The number or shares sold by foreign investors exceeded the number of shares they bought. Specifically, 2.2 million units worth VND93 billion (US$5.6 million) were bought while 1.7 units valued at VND77 billion (US$4.6 million) were sold.
In related news, the State Securities Commission decided to increase the trading margin for shares and treasury certificates from ± 2 percent to ± 3 percent in at the Ho Chi Minh City market and from ±3 to ±4 percent in Ha Noi. This decision will be effective Thursday.
The commission decided earlier to reduce trading fees for shares and fund investment certificates from 0.05 percent to 0.03 percent of the total of transaction value.