Soaring banking shares help lift the VN-Index to 514.92 points on December 1

Hanoi (VNA) – Soaring banking shares helped lift the VN-Index to 514.92
points on December 1, an increase of 4.12 percent over the previous day’s
standing.

All four banks listed on the HCM Stock Exchange saw their shares hit the ceiling
of their regulated daily trading bands, with Sacombank (STB) also racking up a
volume of 5.4 million shares on the day, accounting for 13.76 percent of the total
market volume of 40.7 million shares.

The entire value of the day’s trades, meanwhile, totalled 1.9 trillion VND
(102.7 million USD).
On the Hanoi Stock Exchange, the HNX-Index also surged 4.23 percent to
168.69. Trades totalled 721.5 billion VND (39 million USD) on a volume of 21
million shares, with Kim Long Securities (KLS) claiming the spot as the most
active share with 3.3 million traded.

Nguyen Son, head of the State Securities Commission’s market development
department, has told vneconomy.vn that it is time to shorten this clearance period,
saying that the possibility of quickly buying and selling a particular stock, as
well as looser rules allowing investors to maintain more than one trading account,
is included in a draft regulation the commission might issue in early 2010, if the
Ministry of Finance were to concur.-Enditem