Business

Foreign buys help lift stocks

Foreign buying of several blue chips helped boost the VN-Index on HCM City's exchange on Nov. 20 by 0.46 percent to close at 385.10 points.
Foreign buying of several blue chips helped boost the VN-Index on HCMCity's exchange on Nov. 20 by 0.46 percent to close at 385.10 points.

Foreign money poured into real estate company Tan Tao InvestmentIndustry (ITA) and confectionery giant Kinh Do Corp (KDC), boosting thetwo shares to their ceiling prices.

ITA remained the most active code by the end of the day.

Overall, foreign investors concluded as net buyers on the southernbourse, responsible for a net buy of 13.47 billion VND (644,500 USD)worth of shares.

The VN30 tracking the top 30 shares on the bourse was up 0.61 percent to stand at 455.10 points.

Trading value was down 11 percent from a day earlier, however, totalling just 336.1 billion VND (16.1 million USD).

On the Hanoi Stock Exchange, the HNX-Index also added 0.87 percent tofinish the day at 51.90 points, but trading value was still modest,reaching just 124.5 billion VND (6 million USD).

Sai Gon-Hanoi Bank(SHB) was still the most active code by the end of the session withmore than 4.7 million shares changing hands, climbing 2 percent to 5,100VND a share.-VNA
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