Shares on the HCM Stock Exchange continued to tread water on Feb.2 on improved trading, with the VN-Index closing up just 0.2 percent to 487.93 points.
Volume increased by 20 percent, however, to over 27 million shares, with a value of just over one trillion VND (53.2 million USD).
Eximbank (EIB) remained the most active share, with over 1.4 million traded.
On the Hanoi Stock Exchange, the HNX-Index fell by an equally miniscule 0.2 percent to a close of 160.91. The volume of the day’s trades rose slightly to 14.1 million shares, worth a combined 458.25 billion VND (24.4 million USD).
Kim Long Securities Co (KLS) ended the day as the most heavily-traded share on the northern bourse, with 1.5 million changing hands.
Bao Viet Securities Co analyst Nguyen Duc Thi saw increasing trading volume as a sign of a market rebound, however, although he also acknowledged that weak demand continued to undermine the market.
“The rise in the VN-Index late in the session should be accompanied by more significantly improved trading volumes of around 40 million shares”, said Thi.
Foreign investors continued to be net buyers on the HCM City bourse on Feb 2, responsible for a net over 1.26 million buys, worth a total of 113 billion VND (6 million USD). However, they were net sellers in Hanoi bourse by a value of over 4.8 billion VND (255,320 USD)./.
Volume increased by 20 percent, however, to over 27 million shares, with a value of just over one trillion VND (53.2 million USD).
Eximbank (EIB) remained the most active share, with over 1.4 million traded.
On the Hanoi Stock Exchange, the HNX-Index fell by an equally miniscule 0.2 percent to a close of 160.91. The volume of the day’s trades rose slightly to 14.1 million shares, worth a combined 458.25 billion VND (24.4 million USD).
Kim Long Securities Co (KLS) ended the day as the most heavily-traded share on the northern bourse, with 1.5 million changing hands.
Bao Viet Securities Co analyst Nguyen Duc Thi saw increasing trading volume as a sign of a market rebound, however, although he also acknowledged that weak demand continued to undermine the market.
“The rise in the VN-Index late in the session should be accompanied by more significantly improved trading volumes of around 40 million shares”, said Thi.
Foreign investors continued to be net buyers on the HCM City bourse on Feb 2, responsible for a net over 1.26 million buys, worth a total of 113 billion VND (6 million USD). However, they were net sellers in Hanoi bourse by a value of over 4.8 billion VND (255,320 USD)./.
