The VN-Index hit an 11-month high on April 25 at 472.87 points, an increase of 1.55 percent over the previous session's close, as investors increased buying on growing optimism over a coming uptrend.
Many analysts believe the market remains in the uptrend in the medium and long term, while declining sessions will offer good opportunities to pick up shares at bargain prices.
On the HCM Stock Exchange on April 25, the trading volume was unchanged compared to April 24, totalling 88 million shares, worth nearly 1.3 trillion VND (61.8 million USD).
Twenty-six of the 30 leading shares by market value and liquidity rallied, pushing the VN30 Index up 1.48 percent to 542.78 points.
Shares of minerals and real estate companies were traded at the ceiling for most of the trading session thanks to high dividend rates paid on minerals shares and positive prospects for the real estate after the Government's loosening of credit for the sector.
On the Hanoi Stock Exchange, the HNX-Index gained another 1.25 percent to finish at 79.55.
The market volume increased 27 percent over the previous session, reaching 85 million shares worth 847 billion VND (40.3 million USD), up 16 percent over April 24's total value.
Habubank (HBB) continued to be the most active stock nationwide with 11.1 million shares changing hands, climbing 2.94 percent to settle at 7,000 VND. The Hanoi-based lender on April 25 proposed a plan on merging with the Sai Gon-Hanoi Bank (SHB), following which one HBB share can swap 0.75 percent of a SHB share. It expects to create a stronger bank after the merger.
Pham Tien Dung, an analyst at Bao Viet Securities Co, attributed the increase of the indices on April 25 to "limitations on supply". He said some blue chips had approached the recent peak which was set one week ago, likely leading to the selling pressure at high prices. -VNA
Many analysts believe the market remains in the uptrend in the medium and long term, while declining sessions will offer good opportunities to pick up shares at bargain prices.
On the HCM Stock Exchange on April 25, the trading volume was unchanged compared to April 24, totalling 88 million shares, worth nearly 1.3 trillion VND (61.8 million USD).
Twenty-six of the 30 leading shares by market value and liquidity rallied, pushing the VN30 Index up 1.48 percent to 542.78 points.
Shares of minerals and real estate companies were traded at the ceiling for most of the trading session thanks to high dividend rates paid on minerals shares and positive prospects for the real estate after the Government's loosening of credit for the sector.
On the Hanoi Stock Exchange, the HNX-Index gained another 1.25 percent to finish at 79.55.
The market volume increased 27 percent over the previous session, reaching 85 million shares worth 847 billion VND (40.3 million USD), up 16 percent over April 24's total value.
Habubank (HBB) continued to be the most active stock nationwide with 11.1 million shares changing hands, climbing 2.94 percent to settle at 7,000 VND. The Hanoi-based lender on April 25 proposed a plan on merging with the Sai Gon-Hanoi Bank (SHB), following which one HBB share can swap 0.75 percent of a SHB share. It expects to create a stronger bank after the merger.
Pham Tien Dung, an analyst at Bao Viet Securities Co, attributed the increase of the indices on April 25 to "limitations on supply". He said some blue chips had approached the recent peak which was set one week ago, likely leading to the selling pressure at high prices. -VNA
