Gains across the board helped lift the VN-Index by 0.93 percent on April 15 to a close of 521.01 points, with advancers outnumbering decliners by 142-37.
The value of trades on the HCM Stock Exchange also swung back just above the 2 trillion VND-level (about 105.8 million USD), on a volume of nearly 52.6 million shares. PetroVietnam General Services Co (PET) claimed the spot as most-active share, with 2.5 million changing hands.
The HCM Stock Exchange on April 15 greeted its 226 th listing, Cu Chi Commercial & Industrial Development and Investment (CCI), which listed 9 million shares. CCI shares shot up from an offering price of 30,000 VND to a close of 36,000 VND on a first-day volume of 104,830 shares.
On the Hanoi Stock Exchange, the HNX-Index rallied for a second day, advancing 1.66 percent to 171.86 points. The value of trades remained a solid 1.6 trillion VND, on a volume of 47.2 million shares. PetroVietnam Construction (PVX) continued to be the most-active share nationwide, responsible for 5.7 million trades.
The northern bourse saw 200 gainers and only 47 losers on the day, and financial shares all fared well.
April 15 was also the first day of a listing by PetroVietnam Power & Land (PVL) on the Hanoi Stock Exchange. PVL shares closed down to 31,600 VND from an opening price of 40,000 VND per share, with a volume during the session of 3.38 million.
Adrian Cundy, head of research for Vina Securities Co, said April 14’s decision by the State Bank of Vietnam to remove the interest-rate cap on short-term commercial loans helped support April 15’s market rebound, since a deregulated interest market was expected to give companies easier access to credit.
Banks had also shown a willingness to offer reasonable terms, Cundy said.
“Following two days of selling off, we believe the HCM Stock will advance to 530 points to close the week,” he said.
Foreign investors returned active in trading on both exchanges on April 15 as they bought a combined net of 2.4 million shares, worth a total of 152.25 billion VND (8 million USD)./.
The value of trades on the HCM Stock Exchange also swung back just above the 2 trillion VND-level (about 105.8 million USD), on a volume of nearly 52.6 million shares. PetroVietnam General Services Co (PET) claimed the spot as most-active share, with 2.5 million changing hands.
The HCM Stock Exchange on April 15 greeted its 226 th listing, Cu Chi Commercial & Industrial Development and Investment (CCI), which listed 9 million shares. CCI shares shot up from an offering price of 30,000 VND to a close of 36,000 VND on a first-day volume of 104,830 shares.
On the Hanoi Stock Exchange, the HNX-Index rallied for a second day, advancing 1.66 percent to 171.86 points. The value of trades remained a solid 1.6 trillion VND, on a volume of 47.2 million shares. PetroVietnam Construction (PVX) continued to be the most-active share nationwide, responsible for 5.7 million trades.
The northern bourse saw 200 gainers and only 47 losers on the day, and financial shares all fared well.
April 15 was also the first day of a listing by PetroVietnam Power & Land (PVL) on the Hanoi Stock Exchange. PVL shares closed down to 31,600 VND from an opening price of 40,000 VND per share, with a volume during the session of 3.38 million.
Adrian Cundy, head of research for Vina Securities Co, said April 14’s decision by the State Bank of Vietnam to remove the interest-rate cap on short-term commercial loans helped support April 15’s market rebound, since a deregulated interest market was expected to give companies easier access to credit.
Banks had also shown a willingness to offer reasonable terms, Cundy said.
“Following two days of selling off, we believe the HCM Stock will advance to 530 points to close the week,” he said.
Foreign investors returned active in trading on both exchanges on April 15 as they bought a combined net of 2.4 million shares, worth a total of 152.25 billion VND (8 million USD)./.
