The surge in large-cap shares drove the national stock market up on April 7.
The stocks jumped after the Government asked the State Bank of Vietnamto reduce interest rates by 1 to 1.5 percent from between 9 and 11percent for medium-term and long-term loans, which would encouragebusinesses to improve their operations.
On theHochiminh Stock Exchange, the VN30 Index, tracking the 30 largest sharesby market value and liquidity, rose by 0.87 percent to end at 577.69points. The basket saw advancing stocks heavily outnumbering the losingstocks by 24 to one, while five others remained flat.
As aresult, the VN-Index was up 0.95 percent and closed at 548.11 points. Onthe market, advancing codes nearly tripled, compared to the decliningones by 160 to 56 and 92 others remained unchanged.
The market's trading volume jumped by 34.7 percent to 97 million shares, worth 1.61 trillion VND (76.8 million USD).
On the Hanoi Stock Exchange, the HNX30 Index increased by 1.17 percentto finish at 155.1 points. The advancing stocks in the northern marketalso heavily outnumbered the losing ones by 21 to two. Six othersremained flat and one did not trade on the market.
Large-cap shares, such as KLF Investment JSC (KLF), rose to become themost active stock, with more than 10 million shares being traded. Itsprice increased by 5.81 percent to 9,100 VND.
As aresult, the HNX-Index rose by 0.82 percent to finish at 82.33 points.Advancing stocks were double the number of losing ones at 133 to 60,while 170 stayed flat.
The market traded a total 40.3million shares, showing an increase of 31 percent. However, its tradingvalue fell by 3 percent to 423 billion VND (20.1 million USD).
However,foreign investors turned into net sellers with a net selling value of48 billion VND (2.28 million USD) on the southern bourse and a netselling value of 6 billion VND (285,700 USD) in Hanoi.-VNA
The stocks jumped after the Government asked the State Bank of Vietnamto reduce interest rates by 1 to 1.5 percent from between 9 and 11percent for medium-term and long-term loans, which would encouragebusinesses to improve their operations.
On theHochiminh Stock Exchange, the VN30 Index, tracking the 30 largest sharesby market value and liquidity, rose by 0.87 percent to end at 577.69points. The basket saw advancing stocks heavily outnumbering the losingstocks by 24 to one, while five others remained flat.
As aresult, the VN-Index was up 0.95 percent and closed at 548.11 points. Onthe market, advancing codes nearly tripled, compared to the decliningones by 160 to 56 and 92 others remained unchanged.
The market's trading volume jumped by 34.7 percent to 97 million shares, worth 1.61 trillion VND (76.8 million USD).
On the Hanoi Stock Exchange, the HNX30 Index increased by 1.17 percentto finish at 155.1 points. The advancing stocks in the northern marketalso heavily outnumbered the losing ones by 21 to two. Six othersremained flat and one did not trade on the market.
Large-cap shares, such as KLF Investment JSC (KLF), rose to become themost active stock, with more than 10 million shares being traded. Itsprice increased by 5.81 percent to 9,100 VND.
As aresult, the HNX-Index rose by 0.82 percent to finish at 82.33 points.Advancing stocks were double the number of losing ones at 133 to 60,while 170 stayed flat.
The market traded a total 40.3million shares, showing an increase of 31 percent. However, its tradingvalue fell by 3 percent to 423 billion VND (20.1 million USD).
However,foreign investors turned into net sellers with a net selling value of48 billion VND (2.28 million USD) on the southern bourse and a netselling value of 6 billion VND (285,700 USD) in Hanoi.-VNA
