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VietNamNews

Indices rise across two boards on blue chip rises

Update: February, 14/2012 - 12:15

HA NOI – Over 55 per cent of shares gained value on the HCM Stock Exchange this morning, lifting the benchmark VN-Index to a close of 400.26 points, up 1.19 per cent from yesterday's session.

Blue chips rises also helped the VN30 Index regain 0.89 per cent to close today at 450.22 points.

Many shares in the VN30 hit the daily limit increase of 5 per cent, including property developer Hoang Anh Gia Lai (HAG), Tan Tao Investment and Industry (ITA), Kinh Bac City Development (KBC) and financial Ocean Group (OGC).

Only the heavyweight Sacombank – also the most active code with over 1.8 million shares changing hands – bottomed out, dragging down both indices on the southern bourse. STB closed today at VND19,900 (US$0.95).

In HCM City, market volume increased 6 per cent from Monday to nearly 36.5 million shares, but value of trades declined 6 per cent to just VND637 billion (US$30.3 million).

On the Ha Noi Stock Exchange, the HNX-Index also finished today's session up 0.82 per cent to 61.54 points, with gainers edging losers by 143-74.

Trading value was up 8 per cent over yesterday, totalling VND294.2 billion ($14 million) on a volume of 36 million shares traded.

PetroVietnam Construction (PVX) was the most heavily-traded stock today with 3.43 million shares exchanged, closing up 3.8 per cent to VND8,200. – VNS

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