Markets charge into new week
The HCM Stock Exchange rallied on Dec.
21, with the VN-Index gaining 3.98 percent to end the first day of the
new trading week at 460.99 points.
The HCM Stock Exchange rallied on Dec.
21, with the VN-Index gaining 3.98 percent to end the first day of the
new trading week at 460.99 points.
The value of the day’s trades dropped by 35.5 percent from December 18’s total, however, reaching just 1.27 trillion VND (68.6 million USD), on a volume of 34.16 million shares.
The driving force in Dec. 21’s session was shares in securities companies, all of which hit their ceiling prices, noted FPT Securities Co analysts in their daily report. But a large number of investors were also just sitting out the session, waiting on higher prices before selling and contributing to the depressed trading volume.
On the Hanoi Stock Exchange, the HNX-Index jumped by an even more substantial 4.94 percent on Dec. 21 to close at 150.34, with gainers outnumbering decliners by 242-3.
But trading volume also fell slightly on the northern bourse to 14.85 million shares, worth a combined 406.78 billion VND (22 million USD). Construction giant Vinaconex (VCG) continued to be the most heavily-traded share with over 1.4 million changing hands.
Foreign investors concluded on Dec. 21 as net buyers on both bourses. They were responsible for a net buy of nearly a million shares on the HCM City market, worth a net of 47.7 billion VND (2.6 million USD). On the Hanoi bourse, they was net buyers of just 343,400 shares, worth a combined 10.57 billion VND (571,351 USD).
Hanoi saw three new listings, by Ha Giang Mineral Mechanics Co (HGM) and two affiliates of the Vietnam Machinery Installation Corp (LILAMA), Lilama 5 (LO5) and Lilama 45.4 (L44).
HGM listed 6 million shares and closed unchanged at 69,000 VND (3.70 USD) on a volume of 37,300 shares. Lo and L44 both closed down./.
The value of the day’s trades dropped by 35.5 percent from December 18’s total, however, reaching just 1.27 trillion VND (68.6 million USD), on a volume of 34.16 million shares.
The driving force in Dec. 21’s session was shares in securities companies, all of which hit their ceiling prices, noted FPT Securities Co analysts in their daily report. But a large number of investors were also just sitting out the session, waiting on higher prices before selling and contributing to the depressed trading volume.
On the Hanoi Stock Exchange, the HNX-Index jumped by an even more substantial 4.94 percent on Dec. 21 to close at 150.34, with gainers outnumbering decliners by 242-3.
But trading volume also fell slightly on the northern bourse to 14.85 million shares, worth a combined 406.78 billion VND (22 million USD). Construction giant Vinaconex (VCG) continued to be the most heavily-traded share with over 1.4 million changing hands.
Foreign investors concluded on Dec. 21 as net buyers on both bourses. They were responsible for a net buy of nearly a million shares on the HCM City market, worth a net of 47.7 billion VND (2.6 million USD). On the Hanoi bourse, they was net buyers of just 343,400 shares, worth a combined 10.57 billion VND (571,351 USD).
Hanoi saw three new listings, by Ha Giang Mineral Mechanics Co (HGM) and two affiliates of the Vietnam Machinery Installation Corp (LILAMA), Lilama 5 (LO5) and Lilama 45.4 (L44).
HGM listed 6 million shares and closed unchanged at 69,000 VND (3.70 USD) on a volume of 37,300 shares. Lo and L44 both closed down./.
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