The VN-Index finally surpassed the psychological landmark of 600 pointson July 2, adding 14 points, or 2.4 percent, to close session at 605.70points.
Strong growth of blue chips helped boost other stocks inthe HCM City's market, with advancers overwhelming decliners by 158-63by the end of the session.
Up to 27 of a total 30 shares in theVN30, which tracks the top 30 shares by market value and liquidity onthe HCM Stock Exchange, gained value. Twenty stocks increased by morethan one percent.
The VN30 ended 1.66 percent higher at 633.28 points.
Bankstocks continued to lead the uptrend. The biggest stock in terms ofmarket capitalisation Vietcombank (VCB) and BIDV (BID) hit the ceilingprice which was capped at 7 percent a day while other lenders, includingVietinbank (CTG), Military Bank (MBB), Eximbank (EIB) and Sacombank(STB), climbed 2.7-5.3 percent.
Other major blue chips, such asMasan Group (MSN), VinGroup (VIC), Bao Viet Holdings (BVH), PV Gas (GAS)and Saigon Securities Inc (SSI), also rose substantially.
Overallliquidity was little changed over the previous session, however, almost137 million shares worth 2.25 trillion VND (103.2 million USD) changedhands.
Without support information, Viet Nhat Medical InstrumentCo (JVC) surprised the market to become the most heavily-traded share.Almost 12 million changed hands. The price also soared to the ceiling at8,100 VND a share.
FLC Group (FLC) closely followed with 11 million shares traded, closing flat at 8,600 VND each.
Onthe Hanoi Stock Exchange, the HNX-Index also edged up 1.77 percent tofinish at 86.76 points. The HNX30 went up 0.41 percent to conclude at164.46 points.
Bank shares were also the main support here asAsia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) advanced 3.7percent and 4.8 percent, respectively. SHB was also the most active codewith 6.8 million shares.
"Investor confidence grew amidst thebright prospects and cash continued to be pumped into the equitymarket," analysts at FPT Securities Co wrote on the company's website.
Bothmarket volume and value increased 10 percent over July 1, totallingmore than 45 million shares worth 567 billion VND (26 million USD).
Theforeign sectors remained net buyers in the HCM City's market, pickingup another 80.8 billion VND (7.4 million USD) worth of shares, but theybegan to unload shares on the Hanoi bourse, responsible for a net sellvalue of 4.4 billion VND (202,000 USD).-VNA
Strong growth of blue chips helped boost other stocks inthe HCM City's market, with advancers overwhelming decliners by 158-63by the end of the session.
Up to 27 of a total 30 shares in theVN30, which tracks the top 30 shares by market value and liquidity onthe HCM Stock Exchange, gained value. Twenty stocks increased by morethan one percent.
The VN30 ended 1.66 percent higher at 633.28 points.
Bankstocks continued to lead the uptrend. The biggest stock in terms ofmarket capitalisation Vietcombank (VCB) and BIDV (BID) hit the ceilingprice which was capped at 7 percent a day while other lenders, includingVietinbank (CTG), Military Bank (MBB), Eximbank (EIB) and Sacombank(STB), climbed 2.7-5.3 percent.
Other major blue chips, such asMasan Group (MSN), VinGroup (VIC), Bao Viet Holdings (BVH), PV Gas (GAS)and Saigon Securities Inc (SSI), also rose substantially.
Overallliquidity was little changed over the previous session, however, almost137 million shares worth 2.25 trillion VND (103.2 million USD) changedhands.
Without support information, Viet Nhat Medical InstrumentCo (JVC) surprised the market to become the most heavily-traded share.Almost 12 million changed hands. The price also soared to the ceiling at8,100 VND a share.
FLC Group (FLC) closely followed with 11 million shares traded, closing flat at 8,600 VND each.
Onthe Hanoi Stock Exchange, the HNX-Index also edged up 1.77 percent tofinish at 86.76 points. The HNX30 went up 0.41 percent to conclude at164.46 points.
Bank shares were also the main support here asAsia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) advanced 3.7percent and 4.8 percent, respectively. SHB was also the most active codewith 6.8 million shares.
"Investor confidence grew amidst thebright prospects and cash continued to be pumped into the equitymarket," analysts at FPT Securities Co wrote on the company's website.
Bothmarket volume and value increased 10 percent over July 1, totallingmore than 45 million shares worth 567 billion VND (26 million USD).
Theforeign sectors remained net buyers in the HCM City's market, pickingup another 80.8 billion VND (7.4 million USD) worth of shares, but theybegan to unload shares on the Hanoi bourse, responsible for a net sellvalue of 4.4 billion VND (202,000 USD).-VNA
