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Both bourses seeing shares climb

Shares on both stock exchanges rose on May 6 with the VN-Index on the Ho
Chi Minh Stock Exchange climbing 2.75 percent to finish the session at
488.32 points and the HNX-Index on the Hanoi Stock Exchange jumping 2.84
percent to a close of 60.74 points.

Active trading by both domestic and foreign investors on the day pushed values on the two exchanges up strongly.

Volume of trades on the HCM City market doubled over May 3’s
level to 53 million shares, worth 968 billion VND (46.1 million USD), up
140 percent.

Twenty-nine of the top 30 shares by market
capitalisation and liquidity on the southern bourse advanced, lifting
the VN30 up 2.35 percent to 551.99 points. Ocean Group (OGC),
PetroVietnam Finance (PVF), Gemadept (GMD) and Development Investment
Construction (DIG) all hit their ceiling prices.

ITA was still the most active code by the end of the session, with 4.1 million shares exchanged at 6,800 VND each.

Meanwhile, both the trading volume and value of the Hanoi market
soared by 140 percent over May 3’s levels, totaling 55 million shares
worth 380 billion VND (18.1 million USD).

Sai Gon-hanoi Bank
(SHB) led the market trades with 12.44 million changing hands. SHB
gained 6 percent to be traded at 7,100 VND a share.

Foreign
investors increased their buys, picking up shares worth a total net buy
of 168.7 billion VND (8 million USD) on the two exchanges.-VNA

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