Index pokes nose above 500
Blue chip shares rallied on Aug. 13 on the HCM Stock Exchange,
lifting the VN-Index over the psychlogically significant 500-mark, as
trading volume hit a two-month high.
Blue chip shares rallied on Aug. 13 on the HCM Stock Exchange,
lifting the VN-Index over the psychlogically significant 500-mark, as
trading volume hit a two-month high.
The Index rose 1.29 percent to close at 503.08, but volumes were up by 14 percent over August 12’s totals to 64.8 million shares, worth a combined 2.6 trillion VND (146.1 million USD).
Major shares like Refrigeration and Electrical Engineering (REE) and Hoang Anh Gia Lai (HAG) hit the ceiling of their regulated trading bands on August 13, while banking and finance shares enjoyed a significant rally.
Vietcombank (VCB) and PetroVietnam Finance (PVF) were active gainers, while Sacombank (STB) led the southern market with 8.7 million shares changing hands, representing 13 percent of the day’s total volume.
Shares in real estate and seafood were less lucky, suffering heavy sales and losses in value after experiencing sharp increases over the past few days.
On the Hanoi Stock exchange on Aug. 13, the HNX-Index also gained a percent to end the day at 157.95, with nearly all major stocks recovering.
Trading volume on the northern market improved to 29.5 million shares, worth a total of 1 trillion VND (56.2 million USD).
Kim Long Securities (KLS) showed the heaviest activity, with 3 million shares traded, followed closely by Asia Commercial Bank (ACB), with 2.7 million.
In HCM City on August 14, net sales by foreign investors nearly quadrupled August 12’s figure, reaching 49 billion VND (2.8 million USD) on a net volume of 976,600 shares.
In Hanoi , one the other hand, foreigner investors were net buyers of 255,300 shares, worth a total of 18 million VND (1 million USD)./.
The Index rose 1.29 percent to close at 503.08, but volumes were up by 14 percent over August 12’s totals to 64.8 million shares, worth a combined 2.6 trillion VND (146.1 million USD).
Major shares like Refrigeration and Electrical Engineering (REE) and Hoang Anh Gia Lai (HAG) hit the ceiling of their regulated trading bands on August 13, while banking and finance shares enjoyed a significant rally.
Vietcombank (VCB) and PetroVietnam Finance (PVF) were active gainers, while Sacombank (STB) led the southern market with 8.7 million shares changing hands, representing 13 percent of the day’s total volume.
Shares in real estate and seafood were less lucky, suffering heavy sales and losses in value after experiencing sharp increases over the past few days.
On the Hanoi Stock exchange on Aug. 13, the HNX-Index also gained a percent to end the day at 157.95, with nearly all major stocks recovering.
Trading volume on the northern market improved to 29.5 million shares, worth a total of 1 trillion VND (56.2 million USD).
Kim Long Securities (KLS) showed the heaviest activity, with 3 million shares traded, followed closely by Asia Commercial Bank (ACB), with 2.7 million.
In HCM City on August 14, net sales by foreign investors nearly quadrupled August 12’s figure, reaching 49 billion VND (2.8 million USD) on a net volume of 976,600 shares.
In Hanoi , one the other hand, foreigner investors were net buyers of 255,300 shares, worth a total of 18 million VND (1 million USD)./.
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