Shares rebound on new optimism
Shares rebounded on August 19 with improved liquidity and sentiment.
Shares rebounded on August 19 with improved liquidity and sentiment.
According to a poll by the financial information website vietstock.vn, up to 86 percent of investors believed that the VN-Index will continue to rise on August 21 while 83 percent are confident that the HNX-Index will also grow.
On the Ho Chi Minh City Stock Exchange, the benchmark VN-Index inched up 0.64 percent to reach 511.02 points on a turnover of 1.14 trillion VND (53.7 million USD), which increased 16.5 percent.
This level was the highest within the past month and doubled the average recorded in the first two weeks of August. Winners outnumbered losers by 136-62.
Among the 30 leading shares by capitalisation and liquidity, only seven stocks slightly retreated.
Meanwhile, PetroVietnam Low Pressure Gas Distribution (PGD) saw its share value rise 5.5 percent, followed by PetroVietnam Drilling Services (PVD) with 4.3 percent, Kinh Do Confectionery (KDC) with 2.9 percent and software developer FPT (FPT) with 2.4 percent.
The VN30 gained 0.44 percent overall to reach 561.62 points.
On the Hanoi Stock Exchange, the HNX-Index added nearly 1.1 percent, reaching 62.93 points. The number of advancers more than doubled decliners.
Around 27.5 million shares changed hands and trading value hit 228.2 billion VND (10.7 million USD) in total, jumping 46.2 percent over August 16’s session.
The HNX30, tracking the northern bourse's 30 largest shares, grew 2 percent to end at 118.03 points.
However, foreign investors were net sellers in HCM City on August 19 by a relatively high value of 135.47 billion VND (6.3 million USD). They remained buyers in Hanoi with a net purchasing value of 16.84 billion VND (794,300 USD).-VNA
According to a poll by the financial information website vietstock.vn, up to 86 percent of investors believed that the VN-Index will continue to rise on August 21 while 83 percent are confident that the HNX-Index will also grow.
On the Ho Chi Minh City Stock Exchange, the benchmark VN-Index inched up 0.64 percent to reach 511.02 points on a turnover of 1.14 trillion VND (53.7 million USD), which increased 16.5 percent.
This level was the highest within the past month and doubled the average recorded in the first two weeks of August. Winners outnumbered losers by 136-62.
Among the 30 leading shares by capitalisation and liquidity, only seven stocks slightly retreated.
Meanwhile, PetroVietnam Low Pressure Gas Distribution (PGD) saw its share value rise 5.5 percent, followed by PetroVietnam Drilling Services (PVD) with 4.3 percent, Kinh Do Confectionery (KDC) with 2.9 percent and software developer FPT (FPT) with 2.4 percent.
The VN30 gained 0.44 percent overall to reach 561.62 points.
On the Hanoi Stock Exchange, the HNX-Index added nearly 1.1 percent, reaching 62.93 points. The number of advancers more than doubled decliners.
Around 27.5 million shares changed hands and trading value hit 228.2 billion VND (10.7 million USD) in total, jumping 46.2 percent over August 16’s session.
The HNX30, tracking the northern bourse's 30 largest shares, grew 2 percent to end at 118.03 points.
However, foreign investors were net sellers in HCM City on August 19 by a relatively high value of 135.47 billion VND (6.3 million USD). They remained buyers in Hanoi with a net purchasing value of 16.84 billion VND (794,300 USD).-VNA
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