Foreign investors drive market

Read the original news 

VietnamPlus English - 50 month(s) ago 3 readings

Active trading by foreign investors helped the VN-Index register a second day of gains, closing the day's trade at 458.66 points.

The index rose 0.21 percent, with 84 of the 267 listed stocks on the southern market advancing.

Many blue chips continued to rally thanks to consolidation by foreign investors, such as Phu My Fertilisers (DPM), up 0.6 percent; Bao Viet Holdings (BVH), 1 percent; the Corporation for Financing and Promoting Technology (FPT), 0.5 percent ; and VietinBank (CTG), 1.06 percent.

Foreign investors on Oct. 14 pumped 114.96 billion VND (5.9 million USD) into the southern market to own 3.03 million shares, including 144,350 BVH shares, 221,380 DPM shares and 188,120 REE shares.

Yet, the total trading volume stayed low at 23 million shares, down 3.7 percent from on Oct.13, for a meagre value of 594.4 billion VND (30.5 million USD).

The Hanoi Stock Exchange's HNX-Index inched up 0.05 percent to close at 120.45 points, helped by rallies of banking and securities stocks.

They included Asia Commercial Bank (ACB), up 0.36 percent; APEC Securities, 3.20 percent; Bao Viet Securities (BVS), 1.60 percent; Kim Long Securities, 0.72 percent; and Sai Gon-Hanoi Bank (SHB), 0.88 percent.

Trading volume reached only 19.5 million shares, worth a total of 421.6 billion VND (21.6 million USD)./.

There is no comment

Please Sign up or Login to comment.

Top page