Business

Bargains stimulate market spurt

Massive buys on April 6 helped end a four-day downturn on the HCM Stock Exchange, with the VN-Index advancing by nearly 1.7 percent to end the session at 464.94 and over 60 percent of stocks posting gains.
Massive buys on April 6 helped end a four-day downturn on the HCM StockExchange, with the VN-Index advancing by nearly 1.7 percent to end thesession at 464.94 and over 60 percent of stocks posting gains.

The volume of trades rose 14.6 percent from April 5's session to 7.3million shares, worth a total of 624 billion VND (29.7 million USD).

On the Hanoi Stock Exchange on the same day, the HNX-Index rose for asecond day, closing up 1.4 percent to 91.83 points. A total of 28million shares changed hands, worth 410.3 billion VND (19.5 millionUSD), representing an increase of 25.6 percent in volume over April 5'strading.

Foreign investors buy slowed in HCMCity on the day, as they picked up just 492,200 shares, worth acombined 34.6 billion VND (1.6 million USD). Meanwhile, they weresellers in Hanoi by a net of 884,700 shares./.
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