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Shares rise on both exchanges with improved liquidity

Both Vietnam's stock exchanges rose today on improved volume and value as gainers outnumbered losers.

Both Vietnam\'s stock exchanges rose today on improved volume and value as gainers outnumbered losers.

In Ho Chi Minh City, the VN-Index increased 0.29 per cent to finish at 502.68 points.

Trading volume rose 36.4 per cent from yesterday to over 30 million shares and value of the day\'s trades jumped 41 per cent to reach VND815.3 billion (US$41.8 million).

Advancers outnumbered decliners by 161-61.

Blue chips posted gains with Software FPT Corp (FPT) and PetroVietnam Finance (PVF) hitting their ceiling prices.

Phu My Fertiliser (DPM) closed up 3.7 per cent; Hoa Phat Group (HPG) up 2.7 per cent; Hoang Anh Gia Lai (HAG) up 1.9 per cent and Eximbank (EIB) up 0.7 per cent.

Of the 10 largest capitalised shares, only Masan Group (MSN), Vietinbank (CTG) and Bao Viet Holdings (BVH) declined, with the latter dropping to its floor price for the fourth consecutive day.

Saigon Securities Inc (SSI), the only stock with over 1 million shares traded, saw 1.3 million shares changing hands today, rising 3.1 per cent to VND29,800 ($1.53).

In Hanoi, the HNX-Index dropped 0.81 per cent to close at 106.62.

Market volume reached 19.1 million shares worth VND343.6 billion ($17.6 million), an increase of 21 per cent in volume and 18 per cent in value.

Gainers outnumbered losers 207-82.

Kim Long Securities (KLS) was the most heavily traded share nationwide with a volume of 2 million exchanged. It finished up 2 per cent to close at VND15,000 ($0.77).

Source: VNS
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