Bourses rise as money keeps flowing

10:41 | 27/05/2015 Economy

Both bourses extended their upward tick on May 26 due to the continuance of strong money flows into the markets.

Bourses rise as money keeps flowing

An investor watches trades at a Royal Sec-urities trading floor in Ha Noi. Indices ticked up yesterday on both exchanges. (Photo: VNA)

This marks the sixth consecutive session to show improvement, a positive trend after a period of weak performance.

The VN-Index extended its recovery, gaining 0.75 percent to close at 567.20 points.

The number of advancing stocks and the number of decliners were almost on par with each other, making it a mixed market performance.

Market liquidity rose against the day before. Trading volume was 143 million shares worth 2.1 trillion VND (98.3 million USD), an increase of 36.3 percent.

All bank shares advanced, driving the market up while gas stocks were mixed.

FLC Group (FLC) remained the most active code with more than 20 million of its shares traded. Its market value extended its losses with a decrease of 1.96 percent to 10,000 VND.

The VN30 Index, covering the 30 largest stocks by market value and liquidity, added 2.77 points to end at 588.36 points.

The northern bourse also continued its improvement. The HNX-Index gained 1.81 percent to finish at 81.7 points. The market had a slightly positive performance with 117 advancers and 94 decliners.

On the market, more than 68 million shares were traded with a total value of 693 billion VND (32 million USD), a 33 percent increase over the previous day. The HNX30 Index edged up 2.2 percent to 154.46 points.

Bank shares also had a positive effect on the northern market. Asian Commercial Bank (ACB) and Sai Gon-Hanoi Bank (SHB) respectively gained 5.42 and 2.63 percent, aiding the market's advance.

KLF Joint Venture Global Investment Co (KLF) remained the most active stock with 7.9 million shares traded. Its market value stayed unchanged from its morning price of 7,400 VND.

Foreign investors continued as net buyers. Their total net buy value tripled to 195 billion VND (9 million USD) over the May 25 figure.

Source VNA