Investors rushed to buy low-valued shares during Apr. 24 afternoon'ssession, rescuing both stock indices from another losing day.
On the HCM Stock Exchange, the VN-Index closed the day up 0.1 percentfrom Apr. 23 at 465.65 points. Both market volume and value increased 33percent, totalling 88.3 million shares worth a combined 1.36 trillionVND (64.5 million USD).
Gainers largely outnumeredlosers by 156-79 with 69 codes hitting the ceiling prices. Many fell inthe morning but rose to the ceiling in the afternoon, most of which werereal estate shares including Hoang Anh Gia Lai (HAG), Tu Liem UrbanDevelopment (NTL), Ba Ria - Vung Tau House Development (HDC),Development Investment Construction (DIG) and Investment and Trading ofReal Estate (ITC).
Gains by over half of the 30leading shares in market value and liquidity pushed the VN30 Index up0.24 percent to 534.89 points.
SACOM Development andInvestment Corp (SAM) was still the most active stock in the afternoonwith 3.3 million shares traded, surging 4.71 percent to 8,900 VND.
The sense of precaution shadowed the market in the morning session butthe slight corrections in the past few days after hitting a nearlyone-year high strengthened the belief that another upward trend wastaking shape, analysts of FPT Securities Co wrote on the company'swebsite on Apr. 24.
The petrol price hike and lowCPI did not affect the market much. Analysts said the most importantissue now was money flow. If money was not withdrawn abruptly from themarket, the uptrend would likely be sustained, but not massively in allstocks as before.
On the Hanoi Stock Exchange, theHNX-Index earned another 0.98 percent to close the day at 78.57 on aturnover of 733 billion VND (35 million USD), up 20 percent from Apr.23's total value.
Advancers almost doubled declinerswith PetroVietnam Construction (PVX), the most active stock with over 6million shares exchanged, rising 1.75 percent to close at 11,600 VND.
Foreign investors were net sellers on both exchangeson Apr. 24, unloading a combined 33.5 billion VND (1.6 million USD)worth of shares.-VNA
On the HCM Stock Exchange, the VN-Index closed the day up 0.1 percentfrom Apr. 23 at 465.65 points. Both market volume and value increased 33percent, totalling 88.3 million shares worth a combined 1.36 trillionVND (64.5 million USD).
Gainers largely outnumeredlosers by 156-79 with 69 codes hitting the ceiling prices. Many fell inthe morning but rose to the ceiling in the afternoon, most of which werereal estate shares including Hoang Anh Gia Lai (HAG), Tu Liem UrbanDevelopment (NTL), Ba Ria - Vung Tau House Development (HDC),Development Investment Construction (DIG) and Investment and Trading ofReal Estate (ITC).
Gains by over half of the 30leading shares in market value and liquidity pushed the VN30 Index up0.24 percent to 534.89 points.
SACOM Development andInvestment Corp (SAM) was still the most active stock in the afternoonwith 3.3 million shares traded, surging 4.71 percent to 8,900 VND.
The sense of precaution shadowed the market in the morning session butthe slight corrections in the past few days after hitting a nearlyone-year high strengthened the belief that another upward trend wastaking shape, analysts of FPT Securities Co wrote on the company'swebsite on Apr. 24.
The petrol price hike and lowCPI did not affect the market much. Analysts said the most importantissue now was money flow. If money was not withdrawn abruptly from themarket, the uptrend would likely be sustained, but not massively in allstocks as before.
On the Hanoi Stock Exchange, theHNX-Index earned another 0.98 percent to close the day at 78.57 on aturnover of 733 billion VND (35 million USD), up 20 percent from Apr.23's total value.
Advancers almost doubled declinerswith PetroVietnam Construction (PVX), the most active stock with over 6million shares exchanged, rising 1.75 percent to close at 11,600 VND.
Foreign investors were net sellers on both exchangeson Apr. 24, unloading a combined 33.5 billion VND (1.6 million USD)worth of shares.-VNA
