Significant buys in the final minutesof February 26’s session on the Ho Chi Minh Stock Exchange helped theVN-Index manage a gain of 0.39 percent on the day to close at 496.91points.
Trading value and volume began to suggest arecovery from the doldrums surrounding the Tet (lunar New Year)holiday, with activity totalling 1.5 trillion VND (78.9 million USD) ona volume of 34.9 million shares.
The announcement by the Ministry of Finance on Feb. 26 that electricityrates would rise 6.8 percent on March 1 helped make Vinh Son-Song HuynhHydro-power (VSH) the most-active share, with 2.3 million traded duringthe session.
“When electricity rates go up, power plants will benefit, and it wouldbe lucrative to start investing in them now,” said Nguyen Thanh Huyen,an investor with VPBank Securities Co.
On the Hanoi Stock Exchange, the HNX-Index closed largely unchanged at162.43, while the value of trades remained modest at 438.3 billion VND(23 million USD) on a volume of 13.9 million shares.
Kim Long Securities Co (KLS) continued as the most active share on the northern bourse, with 2.3 million changing hands.
Johan Kruimer, an analyst at the Ho Chi Minh Stock Exchange, said thatequity prices seemed to be holding up quite well despite the reigninguncertainty, and that for the moment it seemed that the downside riskwas fairly limited.
“We mights be facing a period of a couple of weeks which will becharacterized by relatively low volatility and consolidating prices,”he said, noting that the most likely scenario still called for higherprices as soon as the investment community saw “some light at the endof the consolidation tunnel”.
Woori CBV Securities Co’s research team concurred that a steepcorrection was unlikely thanks to the steady improvement in tradingvolume and a repeated appearance of high demand for shares for at least15 minutes during each session, helping erase other losses on the day.
Concerns remained among investors over the rising costs facing domesticbusinesses, including a rumour that the central bank might lift the capon lending interest rates, currently holding them at no more than 150percent of the prime rate./.
Trading value and volume began to suggest arecovery from the doldrums surrounding the Tet (lunar New Year)holiday, with activity totalling 1.5 trillion VND (78.9 million USD) ona volume of 34.9 million shares.
The announcement by the Ministry of Finance on Feb. 26 that electricityrates would rise 6.8 percent on March 1 helped make Vinh Son-Song HuynhHydro-power (VSH) the most-active share, with 2.3 million traded duringthe session.
“When electricity rates go up, power plants will benefit, and it wouldbe lucrative to start investing in them now,” said Nguyen Thanh Huyen,an investor with VPBank Securities Co.
On the Hanoi Stock Exchange, the HNX-Index closed largely unchanged at162.43, while the value of trades remained modest at 438.3 billion VND(23 million USD) on a volume of 13.9 million shares.
Kim Long Securities Co (KLS) continued as the most active share on the northern bourse, with 2.3 million changing hands.
Johan Kruimer, an analyst at the Ho Chi Minh Stock Exchange, said thatequity prices seemed to be holding up quite well despite the reigninguncertainty, and that for the moment it seemed that the downside riskwas fairly limited.
“We mights be facing a period of a couple of weeks which will becharacterized by relatively low volatility and consolidating prices,”he said, noting that the most likely scenario still called for higherprices as soon as the investment community saw “some light at the endof the consolidation tunnel”.
Woori CBV Securities Co’s research team concurred that a steepcorrection was unlikely thanks to the steady improvement in tradingvolume and a repeated appearance of high demand for shares for at least15 minutes during each session, helping erase other losses on the day.
Concerns remained among investors over the rising costs facing domesticbusinesses, including a rumour that the central bank might lift the capon lending interest rates, currently holding them at no more than 150percent of the prime rate./.
