Shares rise on both bourses

Shares rise on both bourses

Shares rose on June 24 with a return of a speculative capital inflow, despite a sudden petrol price hike late previous day.

The VN-Index on the Hochiminh Stock Exchange ended 0.68 percent higher at 569.74 points while the HNX-Index on Hanoi Exchange closed 0.85 percent higher at 76.62 points.

After a sluggish start, which continued into the first half of the afternoon trading hours, the return of speculative capital inflow boosted trading with roughly half of the stocks on both bourses posting gains.

The benchmark index on the southern bourse, which rose by 0.42 percent to close at 612.54 points, was propped up by large-cap stocks on the VN30-Index, which tracks the performance of the largest stocks by capitalisation and liquidity.

In the VN30 package, only four codes lost values while 17 others gained.

Still, the southern bourse witnessed quiet trading on June 24 with low liquidity, as investors were in a very cautious mood.

With only 67.5 million shares changing hands, the trading value, at a modest 1.06 trillion VND (50 million USD), was unchanged from the previous trading session.

However, on Hanoi Exchange, the HNX-Index ended its four-day losing streak, with gainers nearly doubling losers and liquidity improving along with the return of speculative capital inflow.

The HNXFF-Index, composed stocks with minimum free float rate of 5 percent, closed up 0.64 percent at 76.95 points.

The benchmark indices were boosted by blue chips with the HNX30-Index gaining 1.21 percent to 153.11 points.

The inflow of speculative money doubled the trading volume and value as compared to June 23, with 54.9 million shares worth 700.9 billion VND (33 million USD) changing hands.

Foreign investors stayed net buyers on both bourses. They purchased a net volume of 4.2 million shares, 32.6 percent higher than on previous trading with a net value of 73.21 billion VND (3.4 million USD) up 24.55 percent.-VNA

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