Hanoi (VNA) – Shares advanced for the second day on the two national stockexchanges on February 21 on rising optimism in the market outlook.
The benchmark VN-Index on the HCM Stock Exchange added 0.84 percent to close at716.6 points. The southern market index rose 0.4 percent on February 20.
On the Hanoi Stock Exchange, the HNX-Index edged up 0.4 percent to end at 86.9points, which lifted the two-day rally to 1.2 percent.
Liquidity remained high with a total of 270.2 million shares worth a combined4.4 trillion VND (193 million USD) being traded in the two markets.
The market breadth was optimistic as the rising stocks outnumbered thedeclining ones by 281-181 while 231 other stocks closed unchanged in the twomarkets.
Property stocks remained a market magnet with an average growth of 2.12 percenton February 21.
Big stocks like Novaland Investment Group (NVL), Dat Xanh Real Estate Service& Construction (DXG), FLC Group (FLC) and Hoang Quan Consulting TradingService Real Estate (HQC), VinGroup (VIC) and Ninh Van Bay Real Estate (NVT)all advanced between 1.5 percent and 7 percent.
Rubber and agricultural shares, such as Hoang Anh Gia Lai Co (HAG) and HoangAnh Gia Lai Agricultural Investment JSC (HNG) continued their strong growth.HAG rose for an eighth consecutive session to 8,200 VND a share, up 65.3percent from its bottom price of 4,960 VND on January 18.
Foreign investors remained net buyers on the main bourse in HCM City, with anet value of 190 billion VND, up 77 percent on February 20’s value. However,they offloaded shares on the Hanoi market for a small value of 887 million VND.-VNA
The VN Index on the HCM Stock Exchange extended losses for a second session on February 17 as large-cap stocks remained negative on investors’ profit-earning.
The VN Index could move between the 700-710 point level this week on profit-earning after it corrected from a positive run in the post-Tet period, according to market analysts.
The benchmark VN-Index bounced back above 710 points on February 20, boosted by strong investments in property stocks as investors sought new opportunities in speculative shares.
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illustrative image (Source: VNA) 
