Share prices closed higher and liquidity improved at the Ho Chi Minh
City and Hanoi stock exchanges on the last trading day of October.
At the HCM Stock Exchange, the VN-Index added nearly 2 percent to
reach 600.84 points. Trading value reached 2.3 trillion VND (108.4
million USD) as 132.3 million shares changed hands.
Of
the 30 biggest blue chips on the exchange, only Phu My Fertiliser fell
by 0.67 percent, and property developer FLC Group ended unchanged at
11,200 VND per share.
Top gainers included Bao Viet
Holdings, Da Nang Rubber, FPT software developer and Masan Group, as
well as Pha Lai Thermal Power, PetroVietnam Drilling Services and
Vietcombank. The gainers collectively pushed the VN30 Index up by 1.84
percent to 638.78 points.
The market also received a
boost from companies reporting positive business results and plans to
raise capital such as Hung Vuong food processor, Binh Thuan Mineral and
Da Nang Housing Investment, which added 5.7 to 7.6 percent.
FPT Securities Company analysts urged investors to buy shares if the
VN-Index would continue to surpass 600 points next week.
At the Hanoi Stock Exchange, the HNX-Index rose by 1.43 percent to
88.03 points with a total market turnover of 776.4 billion VND (36.6
million USD).
The HNX30 Index, which tracks the top 30 large-cap stocks, also gained 1.62 percent to reach 175.42 points.
Foreign investors finished the session as net buyers on both bourses
by purchasing nearly 115 billion VND (5.4 million USD) in shares.-VNA