Shares rebounded on April 27 on both national stock exchanges despite predictions by analysts that investors will unload shares to realise profits before next week's holiday, when Vietnam 's exchanges will be shut on April 30 and May 1.
On the HCM Stock Exchange, the VN-Index gained 0.76 percent to hit a one-year high of 473.77 points. Market value decreased 15 percent from April 26 at 1.3 trillion VND (61.9 million USD), while volume dropped 10 percent to just 86.2 million shares.
Advancers tripled decliners, led by blue chips. Among the 30 leading shares by market value and liquidity, 23 rallied while 5 sank and 2 closed unchanged. The VN30 Index also rose 0.58 percent to finish at 541.2 points.
Mining shares continued to soar on April 27, but after a series of ceiling-hitting sessions, many investors decided to consolidate their profits. Tay Bac Minerals (KTB) was the most active share in HCM City on April 27 with 4.4 million shares traded. KTB gained another 4.35 percent to close at 14,400 VND (0.69 USD).
Analysts at Vietnam Investment Securities Co said that market volume has improved significantly when the index heads to the resistance mark, with many investors willing to pick up cheap shares and help cushion further falls.
"The current index is fluctuating near the end of the pricing model, so pressure to sell will increase in the coming sessions," they wrote in a research note, but still expected positive developments thanks to the stable economic situation.
On the Hanoi Stock Exchange, the HNX-Index on April 27 closed 1.42 percent higher at 79.86 points, but both market volume and value decreased about 10 percent to just 67.6 million shares worth 706 billion VND (33.6 million USD).
Gainers overwhelmed losers by 226-62.
Habubank (HBB) continued to lead trades on the Hanoi bourse with over 6 million shares changing hands, closing unchanged at 7,100 VND.
Foreign investors were net sellers on April 27 in HCM City , unloading 2.43 billion VND (116,000 USD) worth of shares, but they remained net buyers in Hanoi , responsible for a net purchase of 14.4 billion VND (686,000 USD) worth of shares.-VNA
On the HCM Stock Exchange, the VN-Index gained 0.76 percent to hit a one-year high of 473.77 points. Market value decreased 15 percent from April 26 at 1.3 trillion VND (61.9 million USD), while volume dropped 10 percent to just 86.2 million shares.
Advancers tripled decliners, led by blue chips. Among the 30 leading shares by market value and liquidity, 23 rallied while 5 sank and 2 closed unchanged. The VN30 Index also rose 0.58 percent to finish at 541.2 points.
Mining shares continued to soar on April 27, but after a series of ceiling-hitting sessions, many investors decided to consolidate their profits. Tay Bac Minerals (KTB) was the most active share in HCM City on April 27 with 4.4 million shares traded. KTB gained another 4.35 percent to close at 14,400 VND (0.69 USD).
Analysts at Vietnam Investment Securities Co said that market volume has improved significantly when the index heads to the resistance mark, with many investors willing to pick up cheap shares and help cushion further falls.
"The current index is fluctuating near the end of the pricing model, so pressure to sell will increase in the coming sessions," they wrote in a research note, but still expected positive developments thanks to the stable economic situation.
On the Hanoi Stock Exchange, the HNX-Index on April 27 closed 1.42 percent higher at 79.86 points, but both market volume and value decreased about 10 percent to just 67.6 million shares worth 706 billion VND (33.6 million USD).
Gainers overwhelmed losers by 226-62.
Habubank (HBB) continued to lead trades on the Hanoi bourse with over 6 million shares changing hands, closing unchanged at 7,100 VND.
Foreign investors were net sellers on April 27 in HCM City , unloading 2.43 billion VND (116,000 USD) worth of shares, but they remained net buyers in Hanoi , responsible for a net purchase of 14.4 billion VND (686,000 USD) worth of shares.-VNA
