The HCM Stock Exchange on February 28 saw the VN-Index surging 1.9 percent to close at 474.56 points.
Most of the top 30 shares on the bourse jumped, including insurer Bao
Viet Holdings (BVH), property developer Kinh Bac City Development (KBC)
and Tan Tao Investment Industry (ITA), which hit their ceiling prices.
ITA also led the market on total trades of 5.23 million shares, closing at the ceiling price of 7,900 VND a share.
The VN30 tracking these top 30 shares also rose 1.83 percent to close at 545.68 points.
Total trading value on the southern bourse declined 26 percent from
the previous day, reaching just 785.2 billion VND (37.6 million USD) on a
volume of 53.3 million shares.
Meanwhile, the HNX-Index on the
Hanoi Stock Exchange closed in the red, falling to 62.56 points, off
0.08 percent from the previous session.
More than 44 million shares, worth 358.3 billion VND (17.1 million USD), were traded.
Sai Gon-Hanoi Bank (SHB) was still the most active code by the end of
the session with over 7.8 million shares changing hands. SHB added 1.37
percent to hit 7,400 VND a share.
Foreign investors continued
to unload shares on the HCM City market, responsible for a total net
sell of 81.67 billion VND (3.9 million USD) worth of shares, but they
turned into net buyers on the Hanoi exchange, buying nearly 5 billion
VND (239,200 USD) worth of shares.-VNA