Investors make tentative return

The VN-Index gained 1.45 percent on Oct. 26 to close at 455.12 points, as the volume of trades on the HCM Stock Exchange jumped by 23 percent over Oct. 25's level, to 34 million shares, worth a combined total of 821.1 billion VND (42.1 million USD).
The VN-Index gained 1.45 percent on Oct. 26 to close at 455.12 points, as the volume of trades on the HCM Stock Exchange jumped by 23 percent over Oct. 25's level, to 34 million shares, worth a combined total of 821.1 billion VND (42.1 million USD).

Advancers outnumbered decliners by 212-33, with over 35 stocks rising to the top of their regulated trading bands, including Thu Duc Housing Development (TDH), Urban Development and Construction (UDC), My Chau Printing and Packaging (MCP) and Hang Xanh Motor Service (HAX).

Many other major shares returned to positive territory, as well, including insurer Bao Viet Holdings (BVH), software giant FPT, financial conglomerate Ocean Group (OGC), and Sacombank (STB).

Foreign investors contributed to the HCM City rally by buying nearly a million shares worth a net of 63.7 billion VND (3.3 million USD). They remained net sellers on the Hanoi market, however, unloading 287,000 shares worth a net of 5.2 billion VND (266,666 USD).

Nevertheless, shares rose even more substantially on the Hanoi Stock Exchange on Oct. 26, with the HNX-Index closing up 2.88 percent to end the session at 114.99 points.

The value of trades on the northern bourse rose by an impressive 65.8 percent over Oct. 25's session to 663.7 billion VND (34 million USD), on a total volume of 33.7 million shares.

Nearly half of the 345 listed stocks in Hanoi reached their ceiling prices, with the shares of securities companies like Wall Street Securities (WSS), Kim Long Securities (KLS), and APEC Securities (APS) contributing substantially to the rally. Shares in the Song Da Corporation family, including Song Da No 1.01 (SD1), Song Da No 6.06 (SD6), and Song Da No 2.02 (SD2) are also performing strongly./.

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