The VN-Index closed at 450.85 points on April 10 up just 0.03 percentfrom the previous day, with investors unsure about predictions of anuptrend.
On the HCM Stock Exchange, market value climbed44.5 percent from the previous session to over 1.31 trillion VND (62.4million USD), while the volume of shares traded increased 32.3 percentto 87.7 million.
Blue chips were mixed. Seventeen of the30 leading shares by market value and liquidity rallied while 11declined, lifting the VN30 Index by 0.34 percent to stand at 517.40points.
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 HanoiStock Exchange, the HNX-Index slumped 2.13 percent to end on April 10at 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 millionUSD).
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 millionshares changing hands, but closed down 2.86 percent at 6,800 VND.
The market is unlikely to drop sharply as purchasing power isincreasing, encouraging investors to book at lower valued shares,according to FPT Securities Co analysts.
They said therewas a high possibility that cash flow would shift from the gold marketto the stock market in the near future when a new decree that tightenscontrol over the market takes effect in May.
“Accompaniedby the increasing net buys of foreigners in recent weeks time, webelieve the prospect of an uptrend is much higher than in the previousweek’s trading,” they wrote in market report.-VNA