$0Shares finished up last week on both national stock exchanges thanks to net buying by foreign investors, with speculative stocks proving particularly attractive. $0 $0$0 $0 $0On the Ho Chi Minh City Stock Exchange, the VN-Index edged up 1.27 percent to reach 500.83 points while the HNX-Index on the Hanoi Stock Exchange gained 1.47 percent to close at 61.52 points. $0 $0$0 $0 $0The average value and volume of trades on the southern bourse reached VND878.64 billion (41.84 million USD) and 58.52 million shares, down slightly in comparison to the previous week. $0 $0$0 $0 $0In the capital, trading volume averaged 203.51 billion VND (9.69 million USD) on a volume of 20.06 million shares. $0 $0During the first session last week, both benchmark indices lost ground as liquidity declined. $0 $0$0 $0 $0However, stocks rallied after a strong flow of cash into the market focused on blue chips. $0 $0$0 $0 $0The main targets were large shares such as Vietcombank (VCB), Vinamilk (VNM), property developer Hoang Anh Gia Lai (HAG), Vingroup (VIC), Sacombank (STB), Bao Viet Insurance (BVH) and Vietnam Gas (GAS). $0 $0$0 $0 $0These stocks enjoyed gains and high trading volumes last week, helping to boost the benchmark indices. $0 $0$0 $0 $0Foreign investors contributed greatly to the improvements of the market last week when they continued to be net-buyers. The demand was not very strong but stable during the week, according to analysts at Vietstock.vn. $0 $0$0 $0 $0Foreign investors were net buyers with a value of 237 VND billion (11.28 million USD) last week, focusing on logistics company Garmedebt Corporation (GMD) with VND32 billion VND, Vietcombank (VCB) with 26 billion VND and Sai Gon – Hanoi Bank (SHB) with 40 billion VND. $0 $0$0 $0 $0Speculative stocks also thrived during the week. According to FPT Securities, the rise in speculative securities showed that the market had regained its short-term recovery trend. $0 $0$0 $0 $0Purchasing decisions should prioritise stocks with promising growth during the last months of the year, said stock analysts of FPT securities. $0 $0$0 $0 $0Military Bank Securities also said this was a good opportunity to buy basically good stocks and hold on them from six to 12 months. $0 $0$0 $0 $0The recent Government's forecast about the consumer price index (CPI) was also good news for the market. CPI in December is expected to be 7 percent higher than the same month last year, 1 percent lower than the Government's goal of 8 percent. $0 $0$0 $0 $0The US Government's deal to increase the debt ceiling and reopen to the Government late on October 16 also helped boost Asian shares. $0 $0$0 $0 $0According to Bao Viet Securities, the VN-Index might exceed 505 points this week, heading towards 520 points, while the HXN-Index could reach 63 points. Speculative stocks would continue to gain in the short term, said Bao Viet Securities.-VNA$0
