The VN-Index gained 1.6 percent during April 27's session on the HCM Stock Exchange to close at 469.32 points.
Volume reached nearly 28 million shares, worth a total of 593 billionVND (28.2 million USD), both figures down slightly compared to theprevious day. The board was split almost equally between advancers anddecliners.
Two large-cap shares hit their ceilingprices – food producer Masan Group (MSN), which closed at 113,000 VND,and real estate developer Vincom (VIC), which ended the day at 134,000VND, reversing two sessions of declines. VIC is slated to issue 626,000additional shares on April 29, worth about 6.26 billion VND (298,000USD).
Strong demand for shares of insurer Bao VietHoldings (BVH), as well as MSN and VIC, helped lift the VN-Index tooverall gains on the day, but demand for other shares saw littleimprovement.
On the Hanoi Stock Exchange, theHNX-Index opened on an uptick until about 9:30 in the morning, when itmoved back into negative territory for about an hour. By the end of themorning's session, however, the index managed to close up a modest 0.1percent to 83.79 points.
Volume reached 26.5 million shares, worth 363 billion VND (17.3 million USD).
Decliners outweighed advancers overall on the northern bourse by 180-86.
Although indices rallied on both markets, volumes remained lower than 1trillion VND, noted analysts from FPT Securities Co, adding that twoelements necessary for a recovery remained lacking: investor optimismand significant cash inflows.
With the nation'sinflation rate in April reaching a whopping 3.32 percent month-on-month,the State Bank of Vietnam was expected to continue tighteningmonetary policies, said Pham Thanh Thai Linh, head of Analysis Divisionof Bao Viet Securities Company. Investors were also worried about thepossibility that commercial banks would be hit with a higher capitalreserves requirement, further limiting the already meagre capacity ofthe markets to expand.
Foreign investors were netbuyers on both exchanges, although the value of net buys on the HCMCity bourse dropped by 38 percent from the previous day to 35.9billion VND (1.7 million USD). Buys by foreign investors in Hanoi ,meanwhile, doubled the previous day's total to 11 billion VND (524,000USD)./.
Volume reached nearly 28 million shares, worth a total of 593 billionVND (28.2 million USD), both figures down slightly compared to theprevious day. The board was split almost equally between advancers anddecliners.
Two large-cap shares hit their ceilingprices – food producer Masan Group (MSN), which closed at 113,000 VND,and real estate developer Vincom (VIC), which ended the day at 134,000VND, reversing two sessions of declines. VIC is slated to issue 626,000additional shares on April 29, worth about 6.26 billion VND (298,000USD).
Strong demand for shares of insurer Bao VietHoldings (BVH), as well as MSN and VIC, helped lift the VN-Index tooverall gains on the day, but demand for other shares saw littleimprovement.
On the Hanoi Stock Exchange, theHNX-Index opened on an uptick until about 9:30 in the morning, when itmoved back into negative territory for about an hour. By the end of themorning's session, however, the index managed to close up a modest 0.1percent to 83.79 points.
Volume reached 26.5 million shares, worth 363 billion VND (17.3 million USD).
Decliners outweighed advancers overall on the northern bourse by 180-86.
Although indices rallied on both markets, volumes remained lower than 1trillion VND, noted analysts from FPT Securities Co, adding that twoelements necessary for a recovery remained lacking: investor optimismand significant cash inflows.
With the nation'sinflation rate in April reaching a whopping 3.32 percent month-on-month,the State Bank of Vietnam was expected to continue tighteningmonetary policies, said Pham Thanh Thai Linh, head of Analysis Divisionof Bao Viet Securities Company. Investors were also worried about thepossibility that commercial banks would be hit with a higher capitalreserves requirement, further limiting the already meagre capacity ofthe markets to expand.
Foreign investors were netbuyers on both exchanges, although the value of net buys on the HCMCity bourse dropped by 38 percent from the previous day to 35.9billion VND (1.7 million USD). Buys by foreign investors in Hanoi ,meanwhile, doubled the previous day's total to 11 billion VND (524,000USD)./.
