VN-Index Up Again

Green remained on the electronic boards this morning as the VN-Index rose 4.15 points to close at 516.58.

Ha Noi’s HASTC-Index also gained 2.85 points to end the session at 181.43. Total trading volume only reached 693,800 shares worth VND29.5 billion (US$1.84 million).

A sharp surge in buy orders helped 152 of 153 listed shares at the Ho Chi Minh City Stock Exchange rise to the limit this morning, but the number of matched orders was small. Only 2.18 million shares worth VND120 billion (US$7.5 million) changed hands in today’s session. Foreign investors bought 400,000 shares.

Sacombank (STB)’s buy orders reached 4 million, but only one percent of them were executed. Only 25,470 shares of Phu My Fertilizer and Chemicals (DPM) found new owners today.

Other big caps like FPT Corporation (FPT), Petro Vietnam Drilling and Well Services (PVD), PetroVietnam Tourism and Service (PET) also experienced a great number of buy orders.

The fact that stock market rose for the third consecutive day has encouraged investors to stop selling their shares and wait for a few more sessions to gain more profit.

According to many observers, the stock market is following an upward trend and the country’s stable economic growth will play a key role in luring investors back to the stock market. 

Source SGGP, VN Express – Compiled by Khanh Hong

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