Share values rebounded on both of the nation's stock exchanges onJune 21, after reacting negatively, a day earlier to the officialrelease of June inflation data for the country's two largest cities.
Saigon Securities Inc analyst Nguyen Ly Thu Nga noted that inflationwas at its lowest level in the past eight months and actually sent apositive sign for the troubled economy, reducing any negative impacts oninvestor psychology
"Other positive news was thatelectricity rates may not become an additional burden, now that VietnamEnergy Association chairman Tran Viet Ngai has suggested no increase inelectricity rates," Nga said, adding also that "indices may simply havegotten away from oversold territory."
On the HCM StockExchange, the VN-Index closed at 442.74 points, a gain of 2.6 percentover June 20's session. The value of trades dived by 20.5 percent to585.3 billion VND (28.4 million USD), while volume declined by 32.2percent to just 29.7 million shares.
Advancers outnumbered decliners by 191-48.
Of the 10 leading shares by capitalisation, all posted gains exceptSacombank (STB) which ended the session unchanged. Food producer MasanGroup (MSN), June 20's only advancing share among blue chips, saw just aone-per-cent increase on June 21, but insurer Bao Viet Holdings (BVH),Phu My Fertilisers (DPM) and PetroVietnam Finance (PVF) all rose totheir ceiling prices.
Financial shares overall saw thehighest growth on the day, rising by an average of 4.3 percent, followedby insurance shares, up 4.1 percent, and tourism shares, up 3.7percent.
Saigon Securities Inc (SSI), which hit its ceiling, was the most-active share with over 2.3 million changing hands.
On the Hanoi Stock Exchange on the same day, the HNX-Index jumped by 2.3 percent to close at 77.05 points.
Trades were brisker than on the southern bourse, jumping by over 40percent over June 20's session to reach a value of nearly 588 billionVND (28.5 million USD) on a volume of 52.7 million shares.
PetroVietnam Construction (PVX) was the most-active share nationwide, with a volume of 6.6 million shares.
Foreign investors were net sellers in Hanoi of just 3.3 billion VND(160,200 USD) worth of shares, but were net buyers in HCM City by asimilarly meagre net value of 10 billion VND (485,400 USD)./.
Saigon Securities Inc analyst Nguyen Ly Thu Nga noted that inflationwas at its lowest level in the past eight months and actually sent apositive sign for the troubled economy, reducing any negative impacts oninvestor psychology
"Other positive news was thatelectricity rates may not become an additional burden, now that VietnamEnergy Association chairman Tran Viet Ngai has suggested no increase inelectricity rates," Nga said, adding also that "indices may simply havegotten away from oversold territory."
On the HCM StockExchange, the VN-Index closed at 442.74 points, a gain of 2.6 percentover June 20's session. The value of trades dived by 20.5 percent to585.3 billion VND (28.4 million USD), while volume declined by 32.2percent to just 29.7 million shares.
Advancers outnumbered decliners by 191-48.
Of the 10 leading shares by capitalisation, all posted gains exceptSacombank (STB) which ended the session unchanged. Food producer MasanGroup (MSN), June 20's only advancing share among blue chips, saw just aone-per-cent increase on June 21, but insurer Bao Viet Holdings (BVH),Phu My Fertilisers (DPM) and PetroVietnam Finance (PVF) all rose totheir ceiling prices.
Financial shares overall saw thehighest growth on the day, rising by an average of 4.3 percent, followedby insurance shares, up 4.1 percent, and tourism shares, up 3.7percent.
Saigon Securities Inc (SSI), which hit its ceiling, was the most-active share with over 2.3 million changing hands.
On the Hanoi Stock Exchange on the same day, the HNX-Index jumped by 2.3 percent to close at 77.05 points.
Trades were brisker than on the southern bourse, jumping by over 40percent over June 20's session to reach a value of nearly 588 billionVND (28.5 million USD) on a volume of 52.7 million shares.
PetroVietnam Construction (PVX) was the most-active share nationwide, with a volume of 6.6 million shares.
Foreign investors were net sellers in Hanoi of just 3.3 billion VND(160,200 USD) worth of shares, but were net buyers in HCM City by asimilarly meagre net value of 10 billion VND (485,400 USD)./.
