Blue chips lead market rebound
Momentum from last week's rally on the HCM Stock Exchange continued
into the new week, with the VN-Index edging up 0.7 percent on Sept. 17
to close at 401.75 points.
Momentum from last week's rally on the HCM Stock Exchange continued
into the new week, with the VN-Index edging up 0.7 percent on Sept. 17
to close at 401.75 points.
The value of trades totalled a modest 593.3 billion VND (28.2 million USD) on a volume of 38.9 million shares, although nearly 100 stocks advanced.
Blue-chips performed well, pushing the VN30 Index up 0.95 percent to 468.32 points. Insurer Bao Viet Holdings (BVH) and Sacombank (STB) hit their ceiling prices, with other banking stocks, including Vietinbank (CTG), Vietcombank (VCB) and Eximbank (EIB), also had a positive session.
The Market Vectors Vietnam exchange-traded fund (ETF) increased its holdings of BVH and STB to 2.16 and 1.75 percent of its portfolio, respectively. US fund iShares has also invested in these companies.
On the Hanoi Stock Exchange, the HNX-Index also failed to follow through on Sept. 14's gains, declining by 0.9 percent to 58.70 points. The value of trades was an exceedingly meagre 172.3 billion VND (8.2 million USD) on a volume of only 23.3 million shares.
The HNX30 Index, representing the northern bourse's leading shares in terms of market capitalisation and liquidity, also retreated by 1.5 percent to 109.50 points.-VNA
The value of trades totalled a modest 593.3 billion VND (28.2 million USD) on a volume of 38.9 million shares, although nearly 100 stocks advanced.
Blue-chips performed well, pushing the VN30 Index up 0.95 percent to 468.32 points. Insurer Bao Viet Holdings (BVH) and Sacombank (STB) hit their ceiling prices, with other banking stocks, including Vietinbank (CTG), Vietcombank (VCB) and Eximbank (EIB), also had a positive session.
The Market Vectors Vietnam exchange-traded fund (ETF) increased its holdings of BVH and STB to 2.16 and 1.75 percent of its portfolio, respectively. US fund iShares has also invested in these companies.
On the Hanoi Stock Exchange, the HNX-Index also failed to follow through on Sept. 14's gains, declining by 0.9 percent to 58.70 points. The value of trades was an exceedingly meagre 172.3 billion VND (8.2 million USD) on a volume of only 23.3 million shares.
The HNX30 Index, representing the northern bourse's leading shares in terms of market capitalisation and liquidity, also retreated by 1.5 percent to 109.50 points.-VNA
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