More money poured into speculative stocks on the Hanoi Stock Exchange on Dec 13, rescuing the HNX-Index from a fall, but slowing trade on the HCM City bourse made the VN-Index close nearly in the red.
The HNX-Index rose 0.41 percent to close at 54.08 points after falling to 53.60 points in the morning.
Both the volume and value of trades increased 10 percent, adding up to 62.6 million shares worth 341.6 billion VND (16.3 million USD).
Strong cash flow into the market cemented investors' confidence. "More money will be pumped into the market when investment alternatives, like deposit rates, get lower," analysts at FPT Securities Co wrote in a report published by the end of the day.
On the HCM Stock Exchange, sales for profit stemming from the three-day rising streak dragged the market down, but late buying drove shares above the neutral line.
The VN-Index went up by only 0.03 percent to finish at 391.19 points on a reduced turnover of just over 473 billion VND (22.6 million USD), down 10 percent from Dec 12's level.
Half of the top 30 shares on the bourse declined, but a few saw encouraging rises - Bao Viet Holdings (BVH), up 3.9 percent, real estate firm Hoang Anh Gia Lai (HAG), up 2.9 percent and Vietinbank (CTG), up 2 percent - helping the VN30 close slightly above the neutral line at 457.83 points.
Tan Tao Investment Industry (ITA) continued to be the most active stock on trades of 2.5 million shares, shedding 2.4 percent to close at 4,100 VND a share.
Both stock indices surpassed their short-term resistance levels - 390 points for the VN-Index and 53 points for the HNX-Index. According to analysts at BIDV Securities Co, the next resistance levels - 400 points and 56 points - are considered quite strong and both indices have failed many times to reach them.-VNA
The HNX-Index rose 0.41 percent to close at 54.08 points after falling to 53.60 points in the morning.
Both the volume and value of trades increased 10 percent, adding up to 62.6 million shares worth 341.6 billion VND (16.3 million USD).
Strong cash flow into the market cemented investors' confidence. "More money will be pumped into the market when investment alternatives, like deposit rates, get lower," analysts at FPT Securities Co wrote in a report published by the end of the day.
On the HCM Stock Exchange, sales for profit stemming from the three-day rising streak dragged the market down, but late buying drove shares above the neutral line.
The VN-Index went up by only 0.03 percent to finish at 391.19 points on a reduced turnover of just over 473 billion VND (22.6 million USD), down 10 percent from Dec 12's level.
Half of the top 30 shares on the bourse declined, but a few saw encouraging rises - Bao Viet Holdings (BVH), up 3.9 percent, real estate firm Hoang Anh Gia Lai (HAG), up 2.9 percent and Vietinbank (CTG), up 2 percent - helping the VN30 close slightly above the neutral line at 457.83 points.
Tan Tao Investment Industry (ITA) continued to be the most active stock on trades of 2.5 million shares, shedding 2.4 percent to close at 4,100 VND a share.
Both stock indices surpassed their short-term resistance levels - 390 points for the VN-Index and 53 points for the HNX-Index. According to analysts at BIDV Securities Co, the next resistance levels - 400 points and 56 points - are considered quite strong and both indices have failed many times to reach them.-VNA
