A rise in banking and construction shares on January 19 helped lift the HCM Stock Exchange out of January 18’s tailspin, carrying the VN-Index to a close of 495.51 points, a gain of 1.72 percent.
Trading value and volume stalled, however, dropped 20 percent from January 18’s session to just under 32.5 million shares, worth a combined 1.4 trillion VND (76.1 million USD). Sacombank STB was the most-active share, with over 2 million changing hands.
On the Hanoi Stock Exchange, the HNX-Index also advanced by 0.83 percent to end the day at 165.90 points, Meanwhile, the volume of the day’s trades on the northern bourse fell slightly to nearly 19.4 million shares, worth a total of 660.7 billion VND (35 million USD) – a decline of 10 percent from the previous session’s value.
Kim Long Securities Co (KLS) continued to be the most active share on the northern bourse, responsible for over 3.8 million shares traded.
“Many market-leading shares made a comeback on January 18, particularly banking and construction stocks which benefited from the State Bank’s lowering of capital reserves ratios,” said analysts of FPT Securities Co in their daily report.
Foreign investors were net sellers by volume of 74,950 shares in HCM City on January 19, but were net buyers by value of 25.8 billion VND (1.4 million USD). In Hanoi , they returned to being net buyers, but of a net of just 252,700 shares, worth 8.7 billion VND (462,765 USD)./.
Trading value and volume stalled, however, dropped 20 percent from January 18’s session to just under 32.5 million shares, worth a combined 1.4 trillion VND (76.1 million USD). Sacombank STB was the most-active share, with over 2 million changing hands.
On the Hanoi Stock Exchange, the HNX-Index also advanced by 0.83 percent to end the day at 165.90 points, Meanwhile, the volume of the day’s trades on the northern bourse fell slightly to nearly 19.4 million shares, worth a total of 660.7 billion VND (35 million USD) – a decline of 10 percent from the previous session’s value.
Kim Long Securities Co (KLS) continued to be the most active share on the northern bourse, responsible for over 3.8 million shares traded.
“Many market-leading shares made a comeback on January 18, particularly banking and construction stocks which benefited from the State Bank’s lowering of capital reserves ratios,” said analysts of FPT Securities Co in their daily report.
Foreign investors were net sellers by volume of 74,950 shares in HCM City on January 19, but were net buyers by value of 25.8 billion VND (1.4 million USD). In Hanoi , they returned to being net buyers, but of a net of just 252,700 shares, worth 8.7 billion VND (462,765 USD)./.
