The stock market exploded on Mar. 15 afternoon when investors poured more than 3 trillion VND (142.9 million USD) into both the nation's exchanges, pushing many shares up to ceiling prices.
On the HCM Stock Exchange, the benchmark VN-Index climbed 1.84 percent to 441.85 points, extending its gains to three consecutive sessions.
With 26 of the 30 leading shares by market value and liquidity posting gains, of which 13 hit the daily limit rise of 5 percent, the VN30 Index rose 1.09 percent to close at 496.57 points.
Total market value doubled the previous day’s level, reaching over 1.67 trillion VND (79.5 million USD), while the volume of trades increased over 78 percent up to 105.7 million.
Sacombank (STB) beat Military Bank (MBB) in the afternoon session to become the most active stock in HCM City on trades of 7 million shares. STB closed up 4.48 percent to 23,300 VND (1.11 USD ).
"Investor sentiment improved after local media reported the latest petroleum price rise of 10 percent had little impact on consumer prices," a stock analyst of FPT Securities wrote on the company's website.
Risk appetites surged as the most daunting fears have faded away, he added.
Foreign investors yesterday bought 11.3 million shares of property developer Hoang Anh Gia Lai (HAG), worth 316.8 billion VND (15.1 million USD), despite Fitch Ratings downgrading the HAG's outlook from ‘stable' to ‘negative' due to effects caused by current stagnancy in local property sales.
They finished the day’s as net buyers on both bourses, picking up a combined 664 billion VND (31.6 million USD) worth of shares. According to HSBC, foreigners have poured 500 million USD into Vietnam 's stock markets from the beginning of this year based on the country's growth prospect and reduced inflation.
On the Hanoi Stock Exchange, the HNX-Index soared 4.2 percent after two consecutive falling sessions, concluding the day’s at 72.19.
The value of trades was double and a half that of the previous day’s, totalling 1.48 trillion VND (70.8 million USD) with nearly 125.9 million shares changing hands.
Investors continued to speculate on Habubank (HBB) shares, pushing its volume of trades to 26 million. HBB's share price remained unchanged at an average of 6,200 VND a pop.
On the HCM Stock Exchange, the benchmark VN-Index climbed 1.84 percent to 441.85 points, extending its gains to three consecutive sessions.
With 26 of the 30 leading shares by market value and liquidity posting gains, of which 13 hit the daily limit rise of 5 percent, the VN30 Index rose 1.09 percent to close at 496.57 points.
Total market value doubled the previous day’s level, reaching over 1.67 trillion VND (79.5 million USD), while the volume of trades increased over 78 percent up to 105.7 million.
Sacombank (STB) beat Military Bank (MBB) in the afternoon session to become the most active stock in HCM City on trades of 7 million shares. STB closed up 4.48 percent to 23,300 VND (1.11 USD ).
"Investor sentiment improved after local media reported the latest petroleum price rise of 10 percent had little impact on consumer prices," a stock analyst of FPT Securities wrote on the company's website.
Risk appetites surged as the most daunting fears have faded away, he added.
Foreign investors yesterday bought 11.3 million shares of property developer Hoang Anh Gia Lai (HAG), worth 316.8 billion VND (15.1 million USD), despite Fitch Ratings downgrading the HAG's outlook from ‘stable' to ‘negative' due to effects caused by current stagnancy in local property sales.
They finished the day’s as net buyers on both bourses, picking up a combined 664 billion VND (31.6 million USD) worth of shares. According to HSBC, foreigners have poured 500 million USD into Vietnam 's stock markets from the beginning of this year based on the country's growth prospect and reduced inflation.
On the Hanoi Stock Exchange, the HNX-Index soared 4.2 percent after two consecutive falling sessions, concluding the day’s at 72.19.
The value of trades was double and a half that of the previous day’s, totalling 1.48 trillion VND (70.8 million USD) with nearly 125.9 million shares changing hands.
Investors continued to speculate on Habubank (HBB) shares, pushing its volume of trades to 26 million. HBB's share price remained unchanged at an average of 6,200 VND a pop.
