Positive movements on global markets helped lift the confidence of domestic investors on August 4 and helped the VN-Index to a close of 476.59, a gain of 1.85 percent.

Daily trading value on the Ho Chi Minh Stock Exchange reached 1.9 trillion VND (106.7 million USD) on a volume of 43.9 million shares, with Sacombank (STB) remaining the most-active share, with 10.3 million traded.

On the Hanoi Stock Exchange, the HNX-Index also rose by 1.4 percent to close at 153.01. Construction giant Vinaconex (VCG) was the market leader on the northern bourse, with 3.3 million shares changing hands – 16.8 percent of the overall market volume of 19.7 million. Trades on the Hanoi market on August 4 totalled 650.3 billion VND (36.5 million USD).

Nguyen Duy Tan, a broker with a Hanoi-based firm, said that positive moves on Wall Street had raised hopes of investors for economic recovery.

“Local investors’ attitudes towards securities investments remain under some influence from the US market, as the US gave birth to the economic crisis and will also give the first signs of a recovery,” Tan said.

Saigon Securities Inc (SSI) agreed, adding that the central bank’s approval of Sacombank’s request to increase its charter capital to over 6.7 trillion VND (376.4 million USD) had a positive impact on the market.

Foreign investors on August 4 maintained their stance as net buyers by a combined net on both markets of 3 million shares, concentrated in such firms as SSI and Phu My Fertilisers (DPM) in HCM City , and Petroleum Technical Services (PVS) and Tien Phong Plastics (NTP) in Hanoi .

The UPCoM-Index on August 4 slid back to 79.4 points, a decline of 0.24 percent. This market saw 128,356 shares change hands, totalling 2.1 billion VND (117.9 million USD)./.