Updated  
October, 08 2012 12:31:18

Market build's on blue chip gains

HA NOI (VNS)– The share market closed in the green this morning on both stock exchanges but no improvement was seen in trading volumes and values.

The benchmark VN-Index edged up 0.86 per cent to 391.48 points but the value of trades totalled just VND325 billion (US$15.5 million) on a volume of 24.5 million shares.

Most blue chips rose, tracked by an increase of almost 1 per cent in the VN30, which measures the performance of the top 30 shares on the southern bourse.

Property developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) hit ceiling prices while others, such as dairy giant Vinamilk (VNM), real estate VinGroup (VIC), insurer Bao Viet Holdings (BVH), Vietinbank (CTG) and Phu My Fertiliser (DPM) gained from 1.2-2 per cent.

Shares of Tan Tao Investment Industry Corp (ITA) was the most active code with nearly 2.6 million shares traded, climbing 2.5 per cent to VND4,100 a share.

On the Ha Noi Stock Exchange, the HNX-Index also rose 0.57 per cent to close this morning's session at 54.66 points.

Only 17.2 million shares, worth VND115 billion ($5.5 million), were exchanged.

With over 3.5 million shares changing hands, PetroVietnam Construction (PVX) was the most heavily traded stock on the Ha Noi exchange. PVX shares soared to a ceiling price of VND4,300 a share.

Trading will resume at 1pm. – VNS

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