Southern bourse sees surging index

March 02, 2013 | 08:55

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The HCM Stock Exchange on February 28 saw the VN-Index surging 1.9 per cent to close at 474.56 points.

Photo for illustration.

Most of the top 30 shares on the bourse jumped, including insurer Bao Viet Holdings (BVH), property developer Kinh Bac City Development (KBC) and Tan Tao Investment Industry (ITA), which hit their ceiling prices.

ITA also led the market on total trades of 5.23 million shares, closing at the ceiling price of VND7,900 a share.

The VN30 tracking these top 30 shares also rose 1.83 per cent to close at 545.68 points.

Total trading value on the southern bourse declined 26 per cent from the previous day, reaching just VND785.2 billion ($37.6 million) on a volume of 53.3 million shares.

Meanwhile, the HNX-Index on the Hanoi Stock Exchange closed in the red, falling to 62.56 points, off 0.08 percent from the previous session.

More than 44 million shares, worth VND358.3 billion ($17.1 million), were traded.

Sai Gon-Hanoi Bank (SHB) was still the most active code by the end of the session with over 7.8 million shares changing hands. SHB added 1.37 per cent to hit VND7,400 a share.

Foreign investors continued to unload shares on the HCM City market, responsible for a total net sell of VND81.67 billion ($3.9 million) worth of shares, but they turned into net buyers on the Hanoi exchange, buying nearly VND5 billion ($239,200) worth of shares.

QĐND

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