Foreign buys shore up market

Heavy buys by foreign investors helped reheat a cooling market in HCM City on Dec. 21, lifting the VN-Index to a close of 481.78 points, a gain of 0.73 percent over the previous day.
Heavy buys by foreign investors helped reheat a cooling market in HCM City on Dec. 21, lifting the VN-Index to a close of 481.78 points, a gain of 0.73 percent over the previous day.

Foreigners bought a total 14 million shares on the HCM Stock Exchange on Dec. 21, besting their one-day record for the year set a week earlier on December 17. Their net buys hit a six-month total of 9 million shares, worth a net of 204.2 billion VND (9.7 million USD).

The buys were enough to rescue the Index from a decline earlier in the session.

The volume of trades on the southern market reached 67.9 million shares, worth a total of 1.7 trillion VND (81 million USD). Saigon Securities Inc (SSI) was the most-active share, with a volume of 5.4 million.

On the Hanoi Stock Exchange on Dec. 21, the HNX-Index continued falling, shedding 1.76 percent to close the day at 115 points.

Trades were worth 961.4 billion VND (45.8 million USD) on a volume of 53 million shares, with PetroVietnam Securities Co (PSI) posted the heaviest volume of 7.7 million shares.

Foreign investors were net sellers on this market by a tiny net of just 20,600 shares, worth a net of only 473 million VND (22,523 USD)./.

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