Vietnam’s CPI record low fuels stock recovery
Shares closed up at the end of the November 25 session following news
from the General Statistics Office that the nation's consumer price
index (CPI) saw the lowest rise in five years.
Shares closed up at the end of the November 25 session following news
from the General Statistics Office that the nation's consumer price
index (CPI) saw the lowest rise in five years.
On the Ho Chi Minh City Stock Exchange, the VN-Index added 0.16 percent to close at 506.46 points. Nearly 97.4 million shares were exchanged, reducing the trading value slightly to 1.34 trillion VND (63.2 million USD).
The VN30, representing the bourse's 30 leading shares, also increased 0.2 percent to 567.42 points. While only property developer Hoang Anh Gia Lai (HAG) and Vinh Son-Song Hinh Hydropower (VSH) fell during the morning session, the number of decliners reached 13 by the close of play.
On the Hanoi Stock Exchange, the benchmark HNX-Index finished at 64.83 points, up 0.37 percent. The value and volume of trades reached 281.35 billion VND (13.2 million USD) and almost 37.2 million shares.
The HNX30, composed of the northern bourse's largest stocks in terms of capitalisation and liquidity, fell 0.3 percent to 122.91 points.
Foreign investors on November 25 bought a net value of 70 billion VND (3.3 million USD).
It was reported that credit growth in the first 11 months hit 9 percent, and could reach the annual target of 11-12 percent target if the correct measures were applied.
CPI in November picked up 0.34 percent against last month, making a fresh record low in the last five years. It has risen by 5.5 percent this year, but the average index for the first 11 months rose by 6.65 percent from the same period last year.
Storms and floods in the country's central region pushed food prices up 1.29 percent, and rebuilding and repair work had caused construction materials and housing service prices to increase 0.41 percent.
However, adequate supplies of essential goods and petroleum prices in the past two months had helped curb price hikes. Bank interest rates had remained low and tightened spending due to limited incomes also dragged prices down.
In Hanoi and Ho Chi Minh City, November CPI increased 0.26 percent and 0.17 percent, respectively. Gold prices fell by 1.01-1.41 percent and US dollar prices were down 0.07 percent in the two cities.-VNA
On the Ho Chi Minh City Stock Exchange, the VN-Index added 0.16 percent to close at 506.46 points. Nearly 97.4 million shares were exchanged, reducing the trading value slightly to 1.34 trillion VND (63.2 million USD).
The VN30, representing the bourse's 30 leading shares, also increased 0.2 percent to 567.42 points. While only property developer Hoang Anh Gia Lai (HAG) and Vinh Son-Song Hinh Hydropower (VSH) fell during the morning session, the number of decliners reached 13 by the close of play.
On the Hanoi Stock Exchange, the benchmark HNX-Index finished at 64.83 points, up 0.37 percent. The value and volume of trades reached 281.35 billion VND (13.2 million USD) and almost 37.2 million shares.
The HNX30, composed of the northern bourse's largest stocks in terms of capitalisation and liquidity, fell 0.3 percent to 122.91 points.
Foreign investors on November 25 bought a net value of 70 billion VND (3.3 million USD).
It was reported that credit growth in the first 11 months hit 9 percent, and could reach the annual target of 11-12 percent target if the correct measures were applied.
CPI in November picked up 0.34 percent against last month, making a fresh record low in the last five years. It has risen by 5.5 percent this year, but the average index for the first 11 months rose by 6.65 percent from the same period last year.
Storms and floods in the country's central region pushed food prices up 1.29 percent, and rebuilding and repair work had caused construction materials and housing service prices to increase 0.41 percent.
However, adequate supplies of essential goods and petroleum prices in the past two months had helped curb price hikes. Bank interest rates had remained low and tightened spending due to limited incomes also dragged prices down.
In Hanoi and Ho Chi Minh City, November CPI increased 0.26 percent and 0.17 percent, respectively. Gold prices fell by 1.01-1.41 percent and US dollar prices were down 0.07 percent in the two cities.-VNA
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