Shares slightly gained on the stock exchanges of Ho Chi Minh City andHanoi on September 12, and analysts predict this trend to continue nextweek.
In HCM City, the benchmark VN-Index added 0.56 percent toreach 632.50 points. The value of trades reached 2.4 trillion VND (113.2million USD) on a total volume of nearly 144.1 million shares.
Amongthe 30 blue chips tracked by the VN30 Index, which rose by 0.7 percentto 669.78 points, commercial baker Kinh Do (KDC) was the top gainer witha 5.8 per cent increase. Only six of the 30 stocks lost value.
Onthe Hanoi Stock Exchange, the HNX-Index maintained its increasingspiral by adding 1.23 percent to finish yesterday's session at 89.49points. In the past three sessions, the index rallied more strongly thanthe southern benchmark.
The HNX30 Index, formed by the bourse'sleading shares in capitalisation and liquidity, climbed by 1.7 percentto stand at 184.84 points. Trading value reached 1.23 trillion VND (58million USD) as over 88.6 million shares changed hands.
Transactionson penny stocks and seafood stocks helped to lift the indices,especially those of Petroleum Real Estate (PVL), Petro Dong Do (PFL),Vinaconex-PVC Construction Investment (PVV) and An Pha Petroleum (ASP),as well as Hung Vuong (HVG), Ca Mau Frozen Seafood (CMX), Anvifish (AVF)and An Giang Fisheries (AGF).
Foreign investors ended the day as net sellers by a margin of 55.3 billion VND (2.6 million USD).
Accordingto FPT Securities Company analysts, the VN-Index had a chance toincrease further and form new highs. "However, it relies much on leadingstocks, which have recently been more sluggishly traded than before,"they noted in their report.
Next week, exchange-traded funds willcontinue restructuring their portfolios, and this will help cash flowinto the market move more positively, the analysts said. In addition,corporate operation results in the third quarter might have more impacton shares.-VNA
