Increasing buys in the final minutes of March 18’s session on the Ho Chi Minh Stock Exchange helped the market end two days of declines and lifted the VN-Index to a close of 519.73, a gain of 1.74 percent.
Although the volume of trade continued sliding, reaching just over 45 million share, the combined value of trades remained solid at 2.1 trillion VND (111 million USD).
Saigon Securities Inc (SSI) became the most active share with nearly 4 million traded, buoyed by an announcement on March 18 that SSI would issue bonus shares to existing shareholders at 1:1 ratio. The brokerage also said it would offer 3 million additional shares to its staff at a preferential price of 50 percent of the market price. SSI on March 18 closed up 2.84 percent to 90,500 VND.
On the Hanoi Stock Exchange, the HNX-Index gained 1.4 percent on the day to close at 170.59. The value of trades reached 1 trillion VND (52.6 million USD) on a volume of 29.7 million shares.
Kim Long Securities Co (KLS) was once again the most-active share on the northern market, with 3.8 million traded.
Foreign investors bucked the prevailing trend on the southern market by selling off a net of 400,000 shares, but they were net buyers on the northern bourse, picking up 750,000 shares./.
Although the volume of trade continued sliding, reaching just over 45 million share, the combined value of trades remained solid at 2.1 trillion VND (111 million USD).
Saigon Securities Inc (SSI) became the most active share with nearly 4 million traded, buoyed by an announcement on March 18 that SSI would issue bonus shares to existing shareholders at 1:1 ratio. The brokerage also said it would offer 3 million additional shares to its staff at a preferential price of 50 percent of the market price. SSI on March 18 closed up 2.84 percent to 90,500 VND.
On the Hanoi Stock Exchange, the HNX-Index gained 1.4 percent on the day to close at 170.59. The value of trades reached 1 trillion VND (52.6 million USD) on a volume of 29.7 million shares.
Kim Long Securities Co (KLS) was once again the most-active share on the northern market, with 3.8 million traded.
Foreign investors bucked the prevailing trend on the southern market by selling off a net of 400,000 shares, but they were net buyers on the northern bourse, picking up 750,000 shares./.
