Business

Stocks edge up on slow trades

The VN-Index rose by 0.6 percent on February 22 to a close of 510.02 points, as trading resumed on the HCM Stock Exchange following a week-long break for the Tet (lunar New Year) holidays.
The VN-Index rose by 0.6 percent onFebruary 22 to a close of 510.02 points, as trading resumed on the HCMStock Exchange following a week-long break for the Tet (lunar New Year)holidays.

Trading value continued meagre, however,reaching just 905.8 billion VND (47.7 million USD) on a volume of under20.5 million shares.

Sacombank (STB) led the day’s trading with over 1.8 million shares changing hands.

On the Hanoi Stock Exchange, the HNX-Index advanced by a comparable 0.57 percent to end the session at 165.60 points.

But the value of the days of the day’s trades on the northern boursealso remained modest, at less than 298 billion VND (15.7 million USD).

Only 9 million shares were traded, with Kim Long Securities (KLS) accounting for nearly 2 million of that total.

Many market observers had expected a bounce in the domestic stockmarket this week, following a Tet holiday during which both localexchanges were dark but major world markets saw healthy gains./.
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