Blue chips spur VN-Index
Solid gains in blue chips continued to support the VN-Index on Jan 8,
pushing it up to an eight-month high of 447.16 points, while the VN30
tracking the top 30 shares was also up 3.18 percent, closing at 525.36
points.
Solid gains in blue chips continued to support the VN-Index on Jan 8,
pushing it up to an eight-month high of 447.16 points, while the VN30
tracking the top 30 shares was also up 3.18 percent, closing at 525.36
points.
Twenty five of the top 30 on the bourse gained in value, with 13 closing at their ceiling prices.
"Aggressive foreign buying of blue chips and profit-taking selling boosted local sentiment, with a huge volume of 225 million shares being transferred to their accounts," FPT Securities Co's analysts wrote in the day's report.
They said solid gains up to the ceiling prices of key stocks like Bao Viet Holdings (BVH), Tan Tao Industry Investment (ITA), Masan Group ( MSN ), PetroVietnam Finance (PVF) and Ocean Group (OGC) cemented their belief that the current upturn would continue for the foreseeable future, especially with the support of foreign buyers.
Foreign traders on Jan 8 collected another net buy of nearly 202 billion VND (9.7 million USD) worth of shares.
The total trading volume jumped 55 percent over Jan 7's level, reaching 121.1 million shares, while value of trades soared 80 percent to more than 2 trillion VND (95.7 million USD).
Military Bank (MBB) was the most active code with trades of 5.3 million shares, with value rising 3.82 percent to 13,600 VND a share.
On the Hanoi Stock Exchange, the HNX-Index increased 1.61 percent to 59.95 points, led by speculative stocks like Sai Gon-Hanoi Bank (SHB), property developer Sacomreal (SCR), VNDirect Securities (VND), Kim Long Securities (KLS) and PetroVietnam Construction (PVX).
Trading improved slightly from the day before, totaling 96.56 million shares worth 669.3 billion VND (32 million USD).
SHB was again the most heavily-traded stock nationwide with a whopping 20.3 million shares exchanged, closing 4.62 percent up at 6,800 VND a share.-VNA
Twenty five of the top 30 on the bourse gained in value, with 13 closing at their ceiling prices.
"Aggressive foreign buying of blue chips and profit-taking selling boosted local sentiment, with a huge volume of 225 million shares being transferred to their accounts," FPT Securities Co's analysts wrote in the day's report.
They said solid gains up to the ceiling prices of key stocks like Bao Viet Holdings (BVH), Tan Tao Industry Investment (ITA), Masan Group ( MSN ), PetroVietnam Finance (PVF) and Ocean Group (OGC) cemented their belief that the current upturn would continue for the foreseeable future, especially with the support of foreign buyers.
Foreign traders on Jan 8 collected another net buy of nearly 202 billion VND (9.7 million USD) worth of shares.
The total trading volume jumped 55 percent over Jan 7's level, reaching 121.1 million shares, while value of trades soared 80 percent to more than 2 trillion VND (95.7 million USD).
Military Bank (MBB) was the most active code with trades of 5.3 million shares, with value rising 3.82 percent to 13,600 VND a share.
On the Hanoi Stock Exchange, the HNX-Index increased 1.61 percent to 59.95 points, led by speculative stocks like Sai Gon-Hanoi Bank (SHB), property developer Sacomreal (SCR), VNDirect Securities (VND), Kim Long Securities (KLS) and PetroVietnam Construction (PVX).
Trading improved slightly from the day before, totaling 96.56 million shares worth 669.3 billion VND (32 million USD).
SHB was again the most heavily-traded stock nationwide with a whopping 20.3 million shares exchanged, closing 4.62 percent up at 6,800 VND a share.-VNA
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