|The VN30 Index, tracking the 30 biggest stocks in terms of capitalisation and liquidity, also advanced by about 2 per cent to 607.33 points.
HA NOI (VNS) — Shares continued to rise yesterday and on the HCM City Stock Exchange, with the VN-Index adding 1.26 per cent to reach 581.76 points.
The VN30 Index, tracking the 30 biggest stocks in terms of capitalisation and liquidity, also advanced by about 2 per cent to 607.33 points.
Only PetroVietnam Drilling Services (PVD) lost 1.7 per cent. Of the 28 gainers, property developer FLC Group (FLC) hit the ceiling price, while steelmaker Hoa Phat (HPG), real-estate company Hoang Anh Gia Lai (HAG), property and entertainment company Vingroup (VIC) and Vinamilk (VNM) saw growth spurts of between 1.9 and 4.5 per cent.
FLC was also the most active stock, with nearly 18.3 million of its shares being traded. The company said it will possibly pay out dividends at 20 per cent.
Meanwhile, the Hoa Phat Group announced increases in revenue and profit for 2014.
Specifically, its revenue surpassed VND25.5 trillion (US$1.2 billion), jumping 35 per cent from 2013. This was the first time the group's revenue exceeded $1 billion. The year's profits also soared 58 per cent to about VND5.2 trillion ($244.13 million).
Overall trading value and volume on the exchange touched VND1.3 trillion ($61 million) and 77.5 million shares.
On the Ha Noi Stock Exchange, the HNX-Index added 1.27 per cent to finish the session at 84.46 points.
The HNX30 Index, representing the performance of the bourse's top 30 blue chips, rose by 1.35 per cent, reaching 163.75 points.
As investors changed hands for some 30.5 million shares, the value of transactions touched VND402.4 billion ($18.9 million).
Yesterday's gains were quite positive, as the rally spread to a wide range of sectors.
However, analysts from the BIDV Securities Company do not expect a breakthrough, because liquidity is still low. They advocated that investors should sell shares for short-term trading purposes, as indices are hovering near resistance levels. — VNS