World Bank optimism propels market rally
Share prices continued to rise at the Vietnamese stock markets on
December 3 following a positive World Bank review of Vietnam's economy.
Share prices continued to rise at the Vietnamese stock markets on
December 3 following a positive World Bank review of Vietnam's economy.
The bank on December 3 released a report saying the Vietnamese economy was recovering, with a growth rate that was improving from 5.4 percent in 2013 to 5.6 percent this year.
WB attributed the improved outlook to policies that stabilise economic operations and boost the manufacturing sector.
At the Hochiminh Stock Exchange, the benchmark VN-Index added nearly one percent to reach 574.88 points. The VN30 Index, which tracks the city's top 30 stocks, also climbed by 0.93 percent to end at 619.29 points, largely because of the gains of 17 blue chips.
Eximbank (EIB) hit the ceiling price of 12,600 VND and witnessed 2.7 million shares change hands. This was three times higher than its average volume in the past 10 sessions. EIB helped the group of bank stocks add 1.9 percent, the highest increase among sectors.
Only six of the blue chips retreated.
Total trading value reached 2 trillion VND (93.9 million USD) and total volume reached 119 million shares, an improvement over the previous session.
At the Hanoi Stock Exchange, the HNX-Index increased by 0.81 percent to end at 88.57 points. The HNX30 Index, which tracks the capital city's 30 leading stocks, jumped by more than one percent to reach 177.28 points.
Total trading value reached 735.5 billion VND (34.5 million USD) and total trading volume reached more than 54.6 million shares.
Foreign investors significantly reduced their selling activities in HCM City to buy a net of 39.3 billion VND (1.8 million USD) and 14.1 billion VND (661,900 USD) in Hanoi.-VNA
The bank on December 3 released a report saying the Vietnamese economy was recovering, with a growth rate that was improving from 5.4 percent in 2013 to 5.6 percent this year.
WB attributed the improved outlook to policies that stabilise economic operations and boost the manufacturing sector.
At the Hochiminh Stock Exchange, the benchmark VN-Index added nearly one percent to reach 574.88 points. The VN30 Index, which tracks the city's top 30 stocks, also climbed by 0.93 percent to end at 619.29 points, largely because of the gains of 17 blue chips.
Eximbank (EIB) hit the ceiling price of 12,600 VND and witnessed 2.7 million shares change hands. This was three times higher than its average volume in the past 10 sessions. EIB helped the group of bank stocks add 1.9 percent, the highest increase among sectors.
Only six of the blue chips retreated.
Total trading value reached 2 trillion VND (93.9 million USD) and total volume reached 119 million shares, an improvement over the previous session.
At the Hanoi Stock Exchange, the HNX-Index increased by 0.81 percent to end at 88.57 points. The HNX30 Index, which tracks the capital city's 30 leading stocks, jumped by more than one percent to reach 177.28 points.
Total trading value reached 735.5 billion VND (34.5 million USD) and total trading volume reached more than 54.6 million shares.
Foreign investors significantly reduced their selling activities in HCM City to buy a net of 39.3 billion VND (1.8 million USD) and 14.1 billion VND (661,900 USD) in Hanoi.-VNA
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