The VN-Index closed at 450.85 points on April 10 up just 0.03 percent from the previous day, with investors unsure about predictions of an uptrend.
On the HCM Stock Exchange, market value climbed 44.5 percent from the previous session to over 1.31 trillion VND (62.4 million USD), while the volume of shares traded increased 32.3 percent to 87.7 million.
Blue chips were mixed. Seventeen of the 30 leading shares by market value and liquidity rallied while 11 declined, lifting the VN30 Index by 0.34 percent to stand at 517.40 points.
Gainers included food processor Masan Group (MSN) and Sacombank (STB), both up over 2.5 percent, while Vietcombank (VCB) and Phu My Feritiser edged up over 1 percent.
On the Hanoi Stock Exchange, the HNX-Index slumped 2.13 percent to end on April 10 at 76.28 points, but both market volume and value rose over 22 percent, totalling 87.7 million shares worth 868.4 million VND (41.4 million USD).
Losers outnumberd gainers by 151-88, with eight of the 10 leading shares by market capitalization losing ground.
Habubank (HBB) continued to lead trading nationwide with 9.46 million shares changing hands, but closed down 2.86 percent at 6,800 VND.
The market is unlikely to drop sharply as purchasing power is increasing, encouraging investors to book at lower valued shares, according to FPT Securities Co analysts.
They said there was a high possibility that cash flow would shift from the gold market to the stock market in the near future when a new decree that tightens control over the market takes effect in May.
“Accompanied by the increasing net buys of foreigners in recent weeks time, we believe the prospect of an uptrend is much higher than in the previous week’s trading,” they wrote in market report.-VNA
On the HCM Stock Exchange, market value climbed 44.5 percent from the previous session to over 1.31 trillion VND (62.4 million USD), while the volume of shares traded increased 32.3 percent to 87.7 million.
Blue chips were mixed. Seventeen of the 30 leading shares by market value and liquidity rallied while 11 declined, lifting the VN30 Index by 0.34 percent to stand at 517.40 points.
Gainers included food processor Masan Group (MSN) and Sacombank (STB), both up over 2.5 percent, while Vietcombank (VCB) and Phu My Feritiser edged up over 1 percent.
On the Hanoi Stock Exchange, the HNX-Index slumped 2.13 percent to end on April 10 at 76.28 points, but both market volume and value rose over 22 percent, totalling 87.7 million shares worth 868.4 million VND (41.4 million USD).
Losers outnumberd gainers by 151-88, with eight of the 10 leading shares by market capitalization losing ground.
Habubank (HBB) continued to lead trading nationwide with 9.46 million shares changing hands, but closed down 2.86 percent at 6,800 VND.
The market is unlikely to drop sharply as purchasing power is increasing, encouraging investors to book at lower valued shares, according to FPT Securities Co analysts.
They said there was a high possibility that cash flow would shift from the gold market to the stock market in the near future when a new decree that tightens control over the market takes effect in May.
“Accompanied by the increasing net buys of foreigners in recent weeks time, we believe the prospect of an uptrend is much higher than in the previous week’s trading,” they wrote in market report.-VNA
