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Index, volumes jump for second day   2009-04-03 - VietNamNet/Viet Nam News

The VN-Index gained 2.69 per cent yesterday to end the trading session at 297.3 points. Volume jumped 37.4 per cent over Wednesday's session to reach a whopping 28.14 million shares traded, worth a combined value of VND628.68 billion (US$35.9 million).

In Ha Noi yesterday, the HASTC-Index also rose 1.81 per cent to close at 102.66 on a brisk volume of 16.5 million shares with a total value of VND314.98 billion ($18 million).

Advancers outnumbered decliners 133 to 27, with Sacombank (STB) remaining the most-active share, with 2.9 million traded.

Trading was also active in shares of Cable and Telecommunication Materials (SAM), with 1.8 million shares traded, and Saigon Securities Inc (SSI), 1.7 million.

Foreigners yesterday were buyers of a net of 760,400 shares, with purchase activity focused on PetroVietnam Transportation (PVT), Phu My Fertilisers (DPM) and Vinh Son-Song Hynh Hydropower Plant (VSH).

Nguyen Trong Nghia, an analyst with Thang Long Securities Co, said that along with improved buys by foreign investors, the Wall Street rally had been a supportive factor for the VN-Index during the past couple of days.

The announcement at this week's Government meeting, that growth would be maintained this year at 5 per cent, with the recovery of the domestic economy likely to begin this year, also consoled investors, Nghia said.

An Artex Securities Co report last week agreed investors were feeling less pressured by the global economic crisis and its impact on the local market, particularly now that they were once again seeing a significant influx of investment into securities.

In Ha Noi yesterday, the HASTC-Index also rose 1.81 per cent to close at 102.66 on a brisk volume of 16.5 million shares with a total value of VND314.98 billion ($18 million).

Kim Long Securities (KLS) remained the most-active share with 4.5 million traded, followed by Asia Commercial Bank (ACB), at 2.5 million.

Foreign investors yesterday were sellers of a net of 30,000 shares, worth just VND897.6 million ($51,295).



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