Late buys help boost bourses
Stronger money flow in the afternoon's session on Jan. 10 rescued shares
from the morning's fall, which took place under heavy pressure to sell.
Stronger money flow in the afternoon's session on Jan. 10 rescued shares
from the morning's fall, which took place under heavy pressure to sell.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange jumped 2.53 percent to a close of 460.12 points, extending the winning run to 12 straight days.
Trading value decreased 20 per cent from the previous day, totalling 1.52 trillion VND (72.7 million USD) on a volume of 79.4 million shares.
Investors were still upbeat about the new trading regulations, which include widened trading bands and a higher margin lending ratio, although some showed caution as the 12-day gaining streak continued.
According to market insiders, the new regulations will help attract more investment capital and improve liquidity on the market. But stronger fluctuations of share prices will translate into higher risks for investors during the downtrend, which may mean more substantial losses.
Blue chips continued to soar on Jan 10, supporting the southern market, as 27 of the top 30 shares on the bourse gained value while many closed at or nearly at their ceiling prices.
The VN30 was up 2.69 percent at 545.28 points.
Tan Tao Investment Industry (ITA) was the most active code during the day on total trades of 8.2 million shares, edging up 3.7 percent to 5,600 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also gained 1.54 percent to finish the day's session at 60.53 points.
Both trading volume and value declined 53 percent from the previous session, however, totalling 67 million shares worth 470.87 million VND (22.5 million USD).
PetroVietnam Construction (PVX) and Sai Gon-Hanoi Bank (SHB) were the most active codes on the northern bourse, with each company seeing more than 10 million shares traded.
Foreign investors expressed their strong belief in the domestic market, picking up 174 billion VND (8.3 million USD) worth of shares on both exchanges.-VNA
The benchmark VN-Index on the Ho Chi Minh Stock Exchange jumped 2.53 percent to a close of 460.12 points, extending the winning run to 12 straight days.
Trading value decreased 20 per cent from the previous day, totalling 1.52 trillion VND (72.7 million USD) on a volume of 79.4 million shares.
Investors were still upbeat about the new trading regulations, which include widened trading bands and a higher margin lending ratio, although some showed caution as the 12-day gaining streak continued.
According to market insiders, the new regulations will help attract more investment capital and improve liquidity on the market. But stronger fluctuations of share prices will translate into higher risks for investors during the downtrend, which may mean more substantial losses.
Blue chips continued to soar on Jan 10, supporting the southern market, as 27 of the top 30 shares on the bourse gained value while many closed at or nearly at their ceiling prices.
The VN30 was up 2.69 percent at 545.28 points.
Tan Tao Investment Industry (ITA) was the most active code during the day on total trades of 8.2 million shares, edging up 3.7 percent to 5,600 VND a share.
On the Hanoi Stock Exchange, the HNX-Index also gained 1.54 percent to finish the day's session at 60.53 points.
Both trading volume and value declined 53 percent from the previous session, however, totalling 67 million shares worth 470.87 million VND (22.5 million USD).
PetroVietnam Construction (PVX) and Sai Gon-Hanoi Bank (SHB) were the most active codes on the northern bourse, with each company seeing more than 10 million shares traded.
Foreign investors expressed their strong belief in the domestic market, picking up 174 billion VND (8.3 million USD) worth of shares on both exchanges.-VNA
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