The VN-Index hit an 11-month high on April 25 at 472.87 points, anincrease of 1.55 percent over the previous session's close, as investorsincreased buying on growing optimism over a coming uptrend.
Many analysts believe the market remains in the uptrend in the mediumand long term, while declining sessions will offer good opportunities topick up shares at bargain prices.
On the HCM StockExchange on April 25, the trading volume was unchanged compared to April24, totalling 88 million shares, worth nearly 1.3 trillion VND (61.8million USD).
Twenty-six of the 30 leading shares bymarket value and liquidity rallied, pushing the VN30 Index up 1.48percent to 542.78 points.
Shares of minerals and realestate companies were traded at the ceiling for most of the tradingsession thanks to high dividend rates paid on minerals shares andpositive prospects for the real estate after the Government's looseningof 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), up16 percent over April 24's total value.
Habubank (HBB)continued to be the most active stock nationwide with 11.1 millionshares changing hands, climbing 2.94 percent to settle at 7,000 VND. TheHanoi-based lender on April 25 proposed a plan on merging with the SaiGon-Hanoi Bank (SHB), following which one HBB share can swap 0.75percent of a SHB share. It expects to create a stronger bank after themerger.
Pham Tien Dung, an analyst at Bao Viet SecuritiesCo, attributed the increase of the indices on April 25 to "limitationson supply". He said some blue chips had approached the recent peak whichwas set one week ago, likely leading to the selling pressure at highprices. -VNA
Many analysts believe the market remains in the uptrend in the mediumand long term, while declining sessions will offer good opportunities topick up shares at bargain prices.
On the HCM StockExchange on April 25, the trading volume was unchanged compared to April24, totalling 88 million shares, worth nearly 1.3 trillion VND (61.8million USD).
Twenty-six of the 30 leading shares bymarket value and liquidity rallied, pushing the VN30 Index up 1.48percent to 542.78 points.
Shares of minerals and realestate companies were traded at the ceiling for most of the tradingsession thanks to high dividend rates paid on minerals shares andpositive prospects for the real estate after the Government's looseningof 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), up16 percent over April 24's total value.
Habubank (HBB)continued to be the most active stock nationwide with 11.1 millionshares changing hands, climbing 2.94 percent to settle at 7,000 VND. TheHanoi-based lender on April 25 proposed a plan on merging with the SaiGon-Hanoi Bank (SHB), following which one HBB share can swap 0.75percent of a SHB share. It expects to create a stronger bank after themerger.
Pham Tien Dung, an analyst at Bao Viet SecuritiesCo, attributed the increase of the indices on April 25 to "limitationson supply". He said some blue chips had approached the recent peak whichwas set one week ago, likely leading to the selling pressure at highprices. -VNA
