Share rally may be short-lived
Shares continued to add value on the Ho Chi Minh Stock Exchange on January 4.
Shares continued to add value on the Ho Chi Minh Stock Exchange on January 4.
The VN-Index gained 1.62 percent to close at 426.06 points as advancers outnumbered decliners by 163-61. Market value, however, reached only 76.4 percent of the previous session, dropping to 840.35 billion VND (40 million USD) on a volume of 64.8 million shares.
The VN30, tracking the city's 30 leading shares in terms of capitalisation and liquidity, also rose 1.42 percent to reach 498.31 points thanks to the recovery of 26 blue chips. Only Phu Nhuan Jewelry (PNJ) retreated 2.3 percent, while HCM City Infrastructure Investment (CII), property developer Vingroup (VIC) and Vinh Son - Song Hinh Hydropower (VSH) closed unchanged.
Many large-cap stocks ended at their ceiling prices including insurer Bao Viet (BVH), financial conglomerate Ocean Group (OGC) and property developers Tan Tao (ITA) and Dic Corp (DIG).
Bank stocks were also favoured, with seven out of eight listed codes putting on value, notably Sai Gon- Hanoi Bank (SHB) hitting its ceiling price of 6,600 VND.
The HNX-Index managed to rally after tumbling on Jan. 3, adding 1.93 percent to reach 59.21 points.
Most stocks managed to advance towards the end of the session, concluding at 181 gainers and 53 losers.
Nearly 88.1 million shares changed hands, resulting in a turnover of 613 billion VND (29.1 million USD), declining 27.7 percent from the previous day. The HNX30, representing the northern bourse's top shares, finished 3.3 percent up at 113.83 points.
Financial information website NHDMoney.vn reported on Jan 4 that Vietnam 's 30 stocks would be widely introduced throughout ASEAN countries from January 12.
These shares are mainly large-cap shares and those with high liquidity listed on the nation's two stock exchanges, and are being included in a programme to link seven exchanges in the region.
The event is expected to boost the ASEAN capital market and is an opportunity for Vietnamese stocks to attract foreign investment.
Foreign investors concluded the day as net buyers on both bourses with a combined margin of 106.2 billion VND (5 million USD).-VNA
The VN-Index gained 1.62 percent to close at 426.06 points as advancers outnumbered decliners by 163-61. Market value, however, reached only 76.4 percent of the previous session, dropping to 840.35 billion VND (40 million USD) on a volume of 64.8 million shares.
The VN30, tracking the city's 30 leading shares in terms of capitalisation and liquidity, also rose 1.42 percent to reach 498.31 points thanks to the recovery of 26 blue chips. Only Phu Nhuan Jewelry (PNJ) retreated 2.3 percent, while HCM City Infrastructure Investment (CII), property developer Vingroup (VIC) and Vinh Son - Song Hinh Hydropower (VSH) closed unchanged.
Many large-cap stocks ended at their ceiling prices including insurer Bao Viet (BVH), financial conglomerate Ocean Group (OGC) and property developers Tan Tao (ITA) and Dic Corp (DIG).
Bank stocks were also favoured, with seven out of eight listed codes putting on value, notably Sai Gon- Hanoi Bank (SHB) hitting its ceiling price of 6,600 VND.
The HNX-Index managed to rally after tumbling on Jan. 3, adding 1.93 percent to reach 59.21 points.
Most stocks managed to advance towards the end of the session, concluding at 181 gainers and 53 losers.
Nearly 88.1 million shares changed hands, resulting in a turnover of 613 billion VND (29.1 million USD), declining 27.7 percent from the previous day. The HNX30, representing the northern bourse's top shares, finished 3.3 percent up at 113.83 points.
Financial information website NHDMoney.vn reported on Jan 4 that Vietnam 's 30 stocks would be widely introduced throughout ASEAN countries from January 12.
These shares are mainly large-cap shares and those with high liquidity listed on the nation's two stock exchanges, and are being included in a programme to link seven exchanges in the region.
The event is expected to boost the ASEAN capital market and is an opportunity for Vietnamese stocks to attract foreign investment.
Foreign investors concluded the day as net buyers on both bourses with a combined margin of 106.2 billion VND (5 million USD).-VNA
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