Both stock indices went up Friday's morning on soaring trading volumes and rising values as investors hunted for bargains.


In HCM City, the VN-Index gained just 0.12 per cent to close at 461.08 points, but market value climbed 59 per cent to reach VND1.3 trillion (US$61.9 million) and the volume of the day's trades increased by 49 per cent to 53.5 million shares.
Advancers outnumbered decliners by 194-49. As many as 50 codes rose almost 5 per cent – the maximum they can gain in a single session – of which many were blue chips, including Vietinbank (CTG), Vietcombank (VCB), steel producer Hoa Phat Group (HPG), Sai Gon Securities (SSI) and resort developer Vinpearlland (VPL).
However, losses by some major large caps restrained the index. Insurer Bao Viet Holdings (BVH) dropped to its floor price for four consecutive sessions, financial Masan Group (MSN) lost 3.1 per cent and property developer Hoang Anh Gia Lai (HAG) closed down 2.2 per cent.
CTG was again the most active stock today with 4.53 million shares changing hands. It closed at VND31,700 ($1.51) per share.
In Ha Noi, the HNX-Index rose more than 3 per cent to finish at 95.21 points.
Market value soared 59 per cent to more than VND828.3 billion ($39.5 million) while trading volume jumped by more than 63 per cent to 53.1 million shares.
Gainers largely outnumbered losers by 262-57.
Many blue chips rose to their ceiling prices, including Kim Long Securities (KLS), construction giant Vinaconex (VCG), Bao Viet Securities (BVS) and PetroVietnam Construction (PVX), with the latter again being the most heavily traded stock with 5.66 million shares changing hands. PVX closed at VND18,200 ($0.87).