After a three day plunge, the bourse yesterday showed a significant recovery of many top stocks. Though the VN-Index still dropped 10.68 points at the first session, more buying orders were placed to the end of the trading session as investors had high hope of a sharp increase.
Experts analyzed that the drop of the market for three consecutive sessions has boosted the prices up as the current demand is still high.
For example, the total trading value this morning returned to the average of the month, which was more than US$39 million. However, it is hard to get a rapid increase like what happened early of this month. For example, the total value of unmatched Kinh Do Food’s stocks at floor price was about US$2 million, Thu Duc House US$4 million, Vinh Son – Song Hinh Hydro Power US$3.1 million, Hau Giang Pharmaceutical US$525,000, Bien Hoa Sugar US$325,000.
These figure showed that investors are prudent of the current market prices. By now, the price per earnings of the market is 30 times higher than average.