Shares rise on rate cut, eased credit
Shares rose on both national stock exchanges with investors upbeat on
news that the central bank on April 11 cut the deposit interest rate
ceiling and eased the real estate market credit policy.
Shares rose on both national stock exchanges with investors upbeat on
news that the central bank on April 11 cut the deposit interest rate
ceiling and eased the real estate market credit policy.
On the HCM Stock Exchange, the VN-Index advanced 1.75 percent to close on April 11 afternoon's session at 458.74, the highest since March 27.
Of the 30 leading shares by market value and liquidity, 27 rallied to drive the VN30 Index up 1.98 percent to close at 527.63.
Advancers largely outnumbered decliners by 237-26, with 116 codes reaching their daily limit rise of 5 percent.
Market value climbed 19 percent to 1.56 trillion VND (74.3 million USD) on a total volume of 99.4 million shares.
On the Hanoi Stock Exchange, the HNX-Index gained 2.78 percent to conclude at 77.51 points.
Value of the day's trades increased 10 percent to 956.8 billion VND (45.6 million USD) while trading volume of 54.5 million shares rose over 12 percent to 98.4 million shares.
Of 389 total listings, 257 posted gains while only 43 declined and 39 closed unchanged. Fifty codes were not traded on April 11.
Foreigners still finished as net buyers on the HCM City market by a margin of over 18 billion VND (862,000 USD) worth of shares, but they were net sellers on the Hanoi bourse, unloading only 6.85 billion VND (326,000 USD) worth of shares.-VNA
On the HCM Stock Exchange, the VN-Index advanced 1.75 percent to close on April 11 afternoon's session at 458.74, the highest since March 27.
Of the 30 leading shares by market value and liquidity, 27 rallied to drive the VN30 Index up 1.98 percent to close at 527.63.
Advancers largely outnumbered decliners by 237-26, with 116 codes reaching their daily limit rise of 5 percent.
Market value climbed 19 percent to 1.56 trillion VND (74.3 million USD) on a total volume of 99.4 million shares.
On the Hanoi Stock Exchange, the HNX-Index gained 2.78 percent to conclude at 77.51 points.
Value of the day's trades increased 10 percent to 956.8 billion VND (45.6 million USD) while trading volume of 54.5 million shares rose over 12 percent to 98.4 million shares.
Of 389 total listings, 257 posted gains while only 43 declined and 39 closed unchanged. Fifty codes were not traded on April 11.
Foreigners still finished as net buyers on the HCM City market by a margin of over 18 billion VND (862,000 USD) worth of shares, but they were net sellers on the Hanoi bourse, unloading only 6.85 billion VND (326,000 USD) worth of shares.-VNA
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