Shares gain on inflation hopes
Money returned to the stock market on March 21, lifting shares on both
of the country's stock exchanges even as global stock markets tumbled.
Money returned to the stock market on March 21, lifting shares on both
of the country's stock exchanges even as global stock markets tumbled.
"Inflation is showing signs of easing and could reach single-digit levels on an annual basis by the end of the second quarter," predicted the head of research for Dragon Capital, Le Anh Tuan.
On the Hanoi Stock Exchange, the HNX-Index closed up by 1.7 percent to 75.66 points. The value of trades climbed 10.8 per cent over the previous day's level to nearly 1.1 trillion VND (52.3 million USD), and advancers outnumbered decliners by a substantial margin of 242-55. Habubank (HBB) continued to be the most-active share with 19.8 million traded.
Thanks to positive trading in securities stocks in Hanoi and a low price level, Sacombank Securities Co (SBS) hit the daily increase limit of 5 percent and enjoyed a buy surplus from the opening minutes of trading.
On the HCM Stock Exchange, the VN-Index rose by 1.24 per cent to 445.77 points, and advancers accounted for two thirds of all listed stocks. Market value jumped 41 percent over the previous session to about 1.4 trillion VND (66.6 million USD). Volume reached 98.4 million shares.
None of the 10 leading shares by capitalisation lost value, although, after loads of orders placed at its ceiling price early in the session, real estate developer Hoang Anh Gia Lai (HAG) finally closed at its reference price of 29,100 VND per share.-VNA
"Inflation is showing signs of easing and could reach single-digit levels on an annual basis by the end of the second quarter," predicted the head of research for Dragon Capital, Le Anh Tuan.
On the Hanoi Stock Exchange, the HNX-Index closed up by 1.7 percent to 75.66 points. The value of trades climbed 10.8 per cent over the previous day's level to nearly 1.1 trillion VND (52.3 million USD), and advancers outnumbered decliners by a substantial margin of 242-55. Habubank (HBB) continued to be the most-active share with 19.8 million traded.
Thanks to positive trading in securities stocks in Hanoi and a low price level, Sacombank Securities Co (SBS) hit the daily increase limit of 5 percent and enjoyed a buy surplus from the opening minutes of trading.
On the HCM Stock Exchange, the VN-Index rose by 1.24 per cent to 445.77 points, and advancers accounted for two thirds of all listed stocks. Market value jumped 41 percent over the previous session to about 1.4 trillion VND (66.6 million USD). Volume reached 98.4 million shares.
None of the 10 leading shares by capitalisation lost value, although, after loads of orders placed at its ceiling price early in the session, real estate developer Hoang Anh Gia Lai (HAG) finally closed at its reference price of 29,100 VND per share.-VNA
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