The VN-Index fell slightly in early trading on March 9 but recovered late in the session to close at 527.27, an overall gain on the day of 1.8 percent.
The results marked the fifth straight day of rising sessions on the HCM Stock Exchange.
The value of trades reached 2.7 trillion VND (141.4 million USD), an increase of 17 percent over the previous session’s value on a volume of 61.2 million shares. Sacombank (STB) was the most-active share on the southern bourse, with over 2.6 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index also increased by 0.86 percent, ending the session at 172.70. Volume rose by nearly 15 percent to over 33 million shares, while value advanced by over 22 percent to 1.14 trillion VND (59.7 million USD).
Notably, investment capital seemed to shift from finance shares to steel and seafood shares. Sacombank (STB) and Saigon Securities Inc (SSI) stalled with negligible value increase, while steel producer Hoa Sen Group (HSG), seafood processor Hung Vuong Corp (HVG), Mekongfishco (AAM) and Aquatex Ben Tre (ABT) all hit their ceiling prices.
“Steel and seafood shares increased thanks to recent supporting information such as steel price increase of 600,000 VND (31.4 USD) per tonne from beginning of March and bright export potential of seafood products,” said Le Hoa, a HCM City-based independent analyst.
Foreign investors continued to be net buyers on March 9 on the both bourses, responsible for a net buy of nearly 4 million shares, worth a combined over 235 billion VND (12.3 million USD)./.
The results marked the fifth straight day of rising sessions on the HCM Stock Exchange.
The value of trades reached 2.7 trillion VND (141.4 million USD), an increase of 17 percent over the previous session’s value on a volume of 61.2 million shares. Sacombank (STB) was the most-active share on the southern bourse, with over 2.6 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index also increased by 0.86 percent, ending the session at 172.70. Volume rose by nearly 15 percent to over 33 million shares, while value advanced by over 22 percent to 1.14 trillion VND (59.7 million USD).
Notably, investment capital seemed to shift from finance shares to steel and seafood shares. Sacombank (STB) and Saigon Securities Inc (SSI) stalled with negligible value increase, while steel producer Hoa Sen Group (HSG), seafood processor Hung Vuong Corp (HVG), Mekongfishco (AAM) and Aquatex Ben Tre (ABT) all hit their ceiling prices.
“Steel and seafood shares increased thanks to recent supporting information such as steel price increase of 600,000 VND (31.4 USD) per tonne from beginning of March and bright export potential of seafood products,” said Le Hoa, a HCM City-based independent analyst.
Foreign investors continued to be net buyers on March 9 on the both bourses, responsible for a net buy of nearly 4 million shares, worth a combined over 235 billion VND (12.3 million USD)./.
