Stable gains reassure stock investors
Favourable global markets helped the VN-Index gain 0.53 percent on June
16 to close at 510.72 points.
Favourable global markets helped the VN-Index gain 0.53 percent on June
16 to close at 510.72 points.
Shares changing hands reached 50.7 million, totalling 1.6 trillion VND (84.2 million USD). Transport Engineering Construction and Business Investment Co No 584 (NTB) had 6.39 percent of market volume with 3.06 million shares.
Small and medium stocks advanced the most, with Vietnam-Italia Steel Co (VIS) up 5 percent, South Logistic Co (STG) 4.97 percent and Viet-Han Investment and Production Co (VHG) 4.97 percent.
The HNX-Index added 1.98 percent to end the session at 163.63 points with a total trade of 44.7 million shares, which drove the market value close to 1.4 trillion VND (73.8 million USD).
Kim Long Securities (KLS) was the most active with 7.4 million shares shifted.
Investors seemed more confident, Truong Son Securities chairman Pham Ngoc Thang said.
Big buying orders for the likes of Son Ha International (SHI), Becamex Infrastructure Construction (IJC) or Thong Nhat Rubber Co (TNC) in HCM City reflected the improvement in trading sentiment, Thang said, noting favourable moves in US market overnight.
HCM City analyst Minh Tuan said that second-quarter results of listed companies had led to optimism.
"A stable money influx is hinting at a real rebound," Tuan said, adding that a bounce would be confirmed if the capital influx increased.
The VN-Index would reach 530 points within a month, he said.
Foreign investors were net-buyers in the Hanoi market, with a net 384,300 shares valued at 31.7 billion VND (1.7 million USD)./.
Shares changing hands reached 50.7 million, totalling 1.6 trillion VND (84.2 million USD). Transport Engineering Construction and Business Investment Co No 584 (NTB) had 6.39 percent of market volume with 3.06 million shares.
Small and medium stocks advanced the most, with Vietnam-Italia Steel Co (VIS) up 5 percent, South Logistic Co (STG) 4.97 percent and Viet-Han Investment and Production Co (VHG) 4.97 percent.
The HNX-Index added 1.98 percent to end the session at 163.63 points with a total trade of 44.7 million shares, which drove the market value close to 1.4 trillion VND (73.8 million USD).
Kim Long Securities (KLS) was the most active with 7.4 million shares shifted.
Investors seemed more confident, Truong Son Securities chairman Pham Ngoc Thang said.
Big buying orders for the likes of Son Ha International (SHI), Becamex Infrastructure Construction (IJC) or Thong Nhat Rubber Co (TNC) in HCM City reflected the improvement in trading sentiment, Thang said, noting favourable moves in US market overnight.
HCM City analyst Minh Tuan said that second-quarter results of listed companies had led to optimism.
"A stable money influx is hinting at a real rebound," Tuan said, adding that a bounce would be confirmed if the capital influx increased.
The VN-Index would reach 530 points within a month, he said.
Foreign investors were net-buyers in the Hanoi market, with a net 384,300 shares valued at 31.7 billion VND (1.7 million USD)./.
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