Trading excitement from the opening of
Sept. 14 session on the HCM Stock Exchange drove the VN-Index up 8.60
points to 556.59, a gain of 1.57 percent to start the new week.
The
value of the day’s trades reached a heady 2.92 trillion VND (164
million USD) on a volume of 62.96 million shares.
Sacombank (STB) claimed the spot as most active share, with 6.35 million traded.
On the Hanoi Stock Exchange, the HNX-Index also advanced by 1.51
percent on September 14 to close at 171.83 points, with 41.13 million
shares changing hands for a combined value of 1.4 trillion VND (78.7
million USD).
Foreign investors were net sellers on September 14 on both stock exchanges, selling off a combined net of 1.1 million shares.
Bao Viet Securities Co analyst Nguyen Xuan Binh predicted that the HCM
City market would continue upward within a resistance zone of 560-576
points, now that the VN-Index has passed the 550 mark.
“However, short-term investors would still face high risk”, Binh said
and he recommended that day traders exercise caution on any new
investments./.