Share prices, liquidity increase
Liquidity continued to increase in Vietnam's stock markets on August 29,
with the combined trading value on two exchanges hitting more than 4
trillion VND (188.6 million USD).
Liquidity continued to increase in Vietnam's stock markets on August 29,
with the combined trading value on two exchanges hitting more than 4
trillion VND (188.6 million USD).
Transactions done through negotiations reached 390 billion VND (18.3 million USD), mostly from the purchase of realty share Sacom (SAM).
Shares reversed their losses on the Hochiminh Stock Exchange, with the VN-Index adding 0.52 percent to close at 632.03 points. At times, the index was seen hitting a six-year high at 635.40 points.
The trading value stood at 2.87 trillion VND (135.3 million USD) as the transaction volume reached nearly 164.4 million shares. The VN30 Index rose 0.16 percent to end at 668.96 points.
A good number of blue chips advanced strongly, with Da Nang Rubber (DRC) joining FPT software company, Gemadept logistics company (GMD), Hoang Anh Gia Lai real estate group (HAG) and HCM City Securities (HCM).
Meanwhile, the share prices of some large companies declined, including property developer Vingroup (VIC) and Vinamilk (VNM).
On the Hanoi Stock Exchange, the HNX-Index added one percent to reach 86.79 points. Trading value jumped to 1.2 trillion VND (56.6 million USD) on a volume of 93.2 million shares.
Large-cap stocks lifted the HNX30 Index up 1.73 percent, closing August 28 session at 178.94 points.
Though the indices exhibited an uptrend, analysts at FPT Securities Company warned that buying at this time might be risky.
"I am positive the market will retain the momentum in the medium and long term," said Bao Viet Securities Company's Tran Duc Anh. He suggested keeping medium-term portfolios unchanged, but added that investors could sell and re-buy when there was a correction.
Foreign investors reduced their net selling value to 48 billion VND (2.2 million USD), a 68 percent decline compared with that of August 27.-VNA
Transactions done through negotiations reached 390 billion VND (18.3 million USD), mostly from the purchase of realty share Sacom (SAM).
Shares reversed their losses on the Hochiminh Stock Exchange, with the VN-Index adding 0.52 percent to close at 632.03 points. At times, the index was seen hitting a six-year high at 635.40 points.
The trading value stood at 2.87 trillion VND (135.3 million USD) as the transaction volume reached nearly 164.4 million shares. The VN30 Index rose 0.16 percent to end at 668.96 points.
A good number of blue chips advanced strongly, with Da Nang Rubber (DRC) joining FPT software company, Gemadept logistics company (GMD), Hoang Anh Gia Lai real estate group (HAG) and HCM City Securities (HCM).
Meanwhile, the share prices of some large companies declined, including property developer Vingroup (VIC) and Vinamilk (VNM).
On the Hanoi Stock Exchange, the HNX-Index added one percent to reach 86.79 points. Trading value jumped to 1.2 trillion VND (56.6 million USD) on a volume of 93.2 million shares.
Large-cap stocks lifted the HNX30 Index up 1.73 percent, closing August 28 session at 178.94 points.
Though the indices exhibited an uptrend, analysts at FPT Securities Company warned that buying at this time might be risky.
"I am positive the market will retain the momentum in the medium and long term," said Bao Viet Securities Company's Tran Duc Anh. He suggested keeping medium-term portfolios unchanged, but added that investors could sell and re-buy when there was a correction.
Foreign investors reduced their net selling value to 48 billion VND (2.2 million USD), a 68 percent decline compared with that of August 27.-VNA
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