US market news feeds domestic rally
Gains on Wall Street helped reignite domestic investor excitement on Sept. 29 and halt Monday’s decline in the VN-Index.
Gains on Wall Street helped reignite domestic investor excitement on Sept. 29 and halt Monday’s decline in the VN-Index.
“Positive movements on the US market last night put the brakes on profit-taking and encouraged investors to continue buying in, creating an immediate turnaround for VN-Index,” said Nguyen Hoang Hai, an analyst with a HCM City-based securities company.
With no significant news to influence the local market, Hai said, “global market moves will have the biggest influence on trading.”
September 29 session on the Ho Chi Minh Stock Exchange ended with the Index up a tenth of a percent to 582.59.
Daily trading value reached a heady 4.2 trillion VND (236 million USD) on a volume of over 80.2 million shares, of which foreign investors accounted for 8.2 million.
On the Hanoi Stock Exchange, the HNX-Index added a slightly more respectable 0.35 percent to close the day at 185.05 points.
Market volume topped 35 million shares, worth a combined 1.5 trillion VND (84.3 million USD), with foreign investors responsible for just 844,900 trades./.
“Positive movements on the US market last night put the brakes on profit-taking and encouraged investors to continue buying in, creating an immediate turnaround for VN-Index,” said Nguyen Hoang Hai, an analyst with a HCM City-based securities company.
With no significant news to influence the local market, Hai said, “global market moves will have the biggest influence on trading.”
September 29 session on the Ho Chi Minh Stock Exchange ended with the Index up a tenth of a percent to 582.59.
Daily trading value reached a heady 4.2 trillion VND (236 million USD) on a volume of over 80.2 million shares, of which foreign investors accounted for 8.2 million.
On the Hanoi Stock Exchange, the HNX-Index added a slightly more respectable 0.35 percent to close the day at 185.05 points.
Market volume topped 35 million shares, worth a combined 1.5 trillion VND (84.3 million USD), with foreign investors responsible for just 844,900 trades./.
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