Stock rallies extend Kim Ngan HCMC – The VN-Index of the HCMC exchange closed up 0.34% at 676.46 points for a second session on November 8 as various stocks advanced further. According to Dau tu Chung khoan newspaper, investors were cautious in morning trade while pending the U.S. presidential election. Investor sentiment improved in the afternoon session as stock traders reacted to news that the most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in the November 8 election. The newspaper said that though the VN-Index did not end at an intraday high, it surpassed the 675-point level. Blue chips VIC, VCB, BVH and GAS went up and became major contributors to the market. ROS leapt 4.05% at VND100,100 a share with 1.6 million shares changing hands. It rose by 10 times in only two months. ITA again took the lead by volume on the HCMC market with nearly 7.4 million shares traded, followed by FLC with 6.7 million shares. Overall, investors changed hands 96.7 million shares valued at VND1.8 trillion (US$84.7 million), up slightly from the previous session. Matched volume stood at 77.5 million shares worth VND1.5 trillion. Gains of blue chips were behind… Read full this story
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