Investors at ACB Securities Co. (Photo: VNA)
 
Hanoi (VNA) – Share increased strongly on the HCM Stock Exchange on October 17 as investor confidence rose for companies that were expected to release good quarterly earnings reports.

The benchmark VN Index increased by 1.08 percent to close at 828.29 points. It was down 0.19 percent on October 16.

More than 177.2 million shares were traded on the southern bourse, worth 3.91 trillion VND (rough 174 million USD).

The figures were up 4.8 percent in trading volume but down 3.6 percent in trading value compared to the previous session.

Foreign investors returned as net sellers, posting a net sell value of 24.8 billion VND in comparison to their net buy value of 221 billion VND made on October 16.

The market breadth was positive with 146 gaining stocks against 128 declining one and 49 stocks ending flat.

Large-cap stocks performed well with 19 of the top 30 listed companies by market capitalisation and trading liquidity in the VN30 Index advancing.

On the Hanoi Stock Exchange, the HNX Index grew 0.50 percent to end at 109.84 points, extending its gains for a third session and posting total growth of 1.3 percent.

More than 127.6 million shares were traded on the northern bourse, worth 3 trillion VND. The figures soared nearly 173 percent in volume and 465 percent in value, compared to October 16.

The sharp increase in the northern market’s liquidity was attributed to foreign trading for shares of the Asia Commercial Bank (ACB). More than 74.6 million shares of the bank were traded by foreign investors, worth 2.44 trillion VND.- VNA