Transactions on both bourses rose slightly on September 11 with the VN-Index on the Ho Chi Minh Stock Exchange going up 0.39 percent to end the day at 476.4 points, but liquidity continues to decline.
Stocks advanced for a second straight day as investors continued to pick up blue-chips with good fundamentals amid a worldwide stock rally.
The local market sentiment improved on a long winning run on world markets. Up until Sept. 11, Asian stocks had advanced for nine straight days.
Although the Vietnamese market has little correlation with the rest of the world, remarkable developments still have certain effects, an FPT Securities analyst said.
The market breadth was positive on the southern bourse. One hundred and eight advanced, 67 tumbled, 83 closed unchanged, and 48 stocks were untraded.
The VN30-Index, a free float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange, gained 1.72 points, or 0.32 percent, to close at 531.91. Among its 30 members, 15 stocks advanced, eight declined, and seven were unmoved.
Market volume was up 20 percent from a day earlier to 33.6 million shares.
Property developer, An Duong Thao Dien Co (HAR), was still the most active during the day with 1.79 million shares traded. It shed 4.4 percent to close at 6,500 VND.
Foreign investors remained net buyers on the HCM City bourse, purchasing 2.5 million shares. This brought the total volume of shares to nearly 2.9 million for the whole day's trading.
On the Hanoi Stock Exchange, the HNX-Index also gained as traders continued to bet on blue-chips on sustained worldwide gains. However, trading activity was weak amid the unclear domestic outlook.
The HNX-Index, a measure of 386 stocks, rose 0.24 percent to close at 60.19 points. Earlier this week, it hit the lowest close since May 6.-VNA
Stocks advanced for a second straight day as investors continued to pick up blue-chips with good fundamentals amid a worldwide stock rally.
The local market sentiment improved on a long winning run on world markets. Up until Sept. 11, Asian stocks had advanced for nine straight days.
Although the Vietnamese market has little correlation with the rest of the world, remarkable developments still have certain effects, an FPT Securities analyst said.
The market breadth was positive on the southern bourse. One hundred and eight advanced, 67 tumbled, 83 closed unchanged, and 48 stocks were untraded.
The VN30-Index, a free float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange, gained 1.72 points, or 0.32 percent, to close at 531.91. Among its 30 members, 15 stocks advanced, eight declined, and seven were unmoved.
Market volume was up 20 percent from a day earlier to 33.6 million shares.
Property developer, An Duong Thao Dien Co (HAR), was still the most active during the day with 1.79 million shares traded. It shed 4.4 percent to close at 6,500 VND.
Foreign investors remained net buyers on the HCM City bourse, purchasing 2.5 million shares. This brought the total volume of shares to nearly 2.9 million for the whole day's trading.
On the Hanoi Stock Exchange, the HNX-Index also gained as traders continued to bet on blue-chips on sustained worldwide gains. However, trading activity was weak amid the unclear domestic outlook.
The HNX-Index, a measure of 386 stocks, rose 0.24 percent to close at 60.19 points. Earlier this week, it hit the lowest close since May 6.-VNA
