Vietnamese stock markets halted two days of sharp decline and ended in the green on November 20, with gainers outnumbering losers three to one.
At the HCM Stock Exchange, the VN-Index rose by 0.84 percent to 593.32 points. Trading value reached 2.45 trillion VND (115.5 million USD), a 15.5-percent decline, as trading volume reached 152.6 million shares.
The VN30 Index, representing the performance of the top 30 shares, managed a 0.82-percent increase to 628.80 points largely because of the gains of 21 blue chips. Among them, property developer FLC Group, which hit the ceiling price, had a surge in volume to a record high of more than 50 million shares.
Only four stocks retreated, including Eximbank, Kinh Do Confectionery, Military Bank and property giant Vingroup.
At the Hanoi Stock Exchange, the HNX-Index also rallied by 0.88 percent to 90.43 points. Both trading value and volume decreased over November 19's washout session to reach993.8 VND billion (46.8 million USD) and nearly 66.2 million shares.
The HNX30 Index, tracking the northern bourse's 30 largest stocks, added 0.84 percent to 183.05 points.
Recent information concerning a draft policy on increasingly tightening loans for securities trading has adversely affected investor sentiment.
According to Bao Viet Securities analyst Tran Duc Anh, while the draft has yet to be agreed on and data about bank loans to the stock market have yet to be fully published, investors will remain cautious.
"In addition, the recent increase in the exchange rate, which may be extended, will also have an impact on money in the stock market," Anh said.
He advised investors to sell shares when the market rises to reduce risks. "Bottom-fishing should be considered only when unsupportive information is no longer in effect," Anh added.-VNA
At the HCM Stock Exchange, the VN-Index rose by 0.84 percent to 593.32 points. Trading value reached 2.45 trillion VND (115.5 million USD), a 15.5-percent decline, as trading volume reached 152.6 million shares.
The VN30 Index, representing the performance of the top 30 shares, managed a 0.82-percent increase to 628.80 points largely because of the gains of 21 blue chips. Among them, property developer FLC Group, which hit the ceiling price, had a surge in volume to a record high of more than 50 million shares.
Only four stocks retreated, including Eximbank, Kinh Do Confectionery, Military Bank and property giant Vingroup.
At the Hanoi Stock Exchange, the HNX-Index also rallied by 0.88 percent to 90.43 points. Both trading value and volume decreased over November 19's washout session to reach993.8 VND billion (46.8 million USD) and nearly 66.2 million shares.
The HNX30 Index, tracking the northern bourse's 30 largest stocks, added 0.84 percent to 183.05 points.
Recent information concerning a draft policy on increasingly tightening loans for securities trading has adversely affected investor sentiment.
According to Bao Viet Securities analyst Tran Duc Anh, while the draft has yet to be agreed on and data about bank loans to the stock market have yet to be fully published, investors will remain cautious.
"In addition, the recent increase in the exchange rate, which may be extended, will also have an impact on money in the stock market," Anh said.
He advised investors to sell shares when the market rises to reduce risks. "Bottom-fishing should be considered only when unsupportive information is no longer in effect," Anh added.-VNA
