Liquidity continued to increase in Vietnam's stock markets on August 29,with the combined trading value on two exchanges hitting more than 4trillion VND (188.6 million USD).
Transactions done throughnegotiations reached 390 billion VND (18.3 million USD), mostly from thepurchase of realty share Sacom (SAM).
Shares reversed theirlosses on the Hochiminh Stock Exchange, with the VN-Index adding 0.52percent to close at 632.03 points. At times, the index was seen hitting asix-year high at 635.40 points.
The trading value stood at 2.87trillion VND (135.3 million USD) as the transaction volume reachednearly 164.4 million shares. The VN30 Index rose 0.16 percent to end at668.96 points.
A good number of blue chips advanced strongly,with Da Nang Rubber (DRC) joining FPT software company, Gemadeptlogistics company (GMD), Hoang Anh Gia Lai real estate group (HAG) andHCM City Securities (HCM).
Meanwhile, the share prices of some large companies declined, including property developer Vingroup (VIC) and Vinamilk (VNM).
Onthe Hanoi Stock Exchange, the HNX-Index added one percent to reach86.79 points. Trading value jumped to 1.2 trillion VND (56.6 millionUSD) on a volume of 93.2 million shares.
Large-cap stocks lifted the HNX30 Index up 1.73 percent, closing August 28 session at 178.94 points.
Though the indices exhibited an uptrend, analysts at FPT Securities Company warned that buying at this time might be risky.
"Iam positive the market will retain the momentum in the medium and longterm," said Bao Viet Securities Company's Tran Duc Anh. He suggestedkeeping medium-term portfolios unchanged, but added that investors couldsell and re-buy when there was a correction.
Foreign investorsreduced their net selling value to 48 billion VND (2.2 million USD), a68 percent decline compared with that of August 27.-VNA
Transactions done throughnegotiations reached 390 billion VND (18.3 million USD), mostly from thepurchase of realty share Sacom (SAM).
Shares reversed theirlosses on the Hochiminh Stock Exchange, with the VN-Index adding 0.52percent to close at 632.03 points. At times, the index was seen hitting asix-year high at 635.40 points.
The trading value stood at 2.87trillion VND (135.3 million USD) as the transaction volume reachednearly 164.4 million shares. The VN30 Index rose 0.16 percent to end at668.96 points.
A good number of blue chips advanced strongly,with Da Nang Rubber (DRC) joining FPT software company, Gemadeptlogistics company (GMD), Hoang Anh Gia Lai real estate group (HAG) andHCM City Securities (HCM).
Meanwhile, the share prices of some large companies declined, including property developer Vingroup (VIC) and Vinamilk (VNM).
Onthe Hanoi Stock Exchange, the HNX-Index added one percent to reach86.79 points. Trading value jumped to 1.2 trillion VND (56.6 millionUSD) on a volume of 93.2 million shares.
Large-cap stocks lifted the HNX30 Index up 1.73 percent, closing August 28 session at 178.94 points.
Though the indices exhibited an uptrend, analysts at FPT Securities Company warned that buying at this time might be risky.
"Iam positive the market will retain the momentum in the medium and longterm," said Bao Viet Securities Company's Tran Duc Anh. He suggestedkeeping medium-term portfolios unchanged, but added that investors couldsell and re-buy when there was a correction.
Foreign investorsreduced their net selling value to 48 billion VND (2.2 million USD), a68 percent decline compared with that of August 27.-VNA
