Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates


Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

VN-Index hits three-month high   2009-04-15 - VietNamNet/VNS

Investors watch the trading board at Agribank Securities. Investor optimism in the local market helped the VN-Index yesterday hit 347.07, up 7.06 points or 2.07 per cent against the previous session. 

Investor optimism in the local market helped the VN-Index yesterday hit 347.07, up 7.06 points or 2.07 per cent against the previous session.

The trading volume hit a record of 47.95 million shares on a turnover of nearly VND1.26 trillion (US$70 million). Advancers outnumbered decliners by 118 to 33, while 30 others remained steady.

Sacombank led the market with nearly 10 million shares changing hands, accounting for 19.06 per cent of the total volume on the market, closing 4.83 per cent up at VND21,700.

Recently, many securities companies reported an increase of new accounts and an influx of money into existing accounts, with investor’s optimism growing in the face of the initial signals of the global economic recovery.

Analysts said the local bourse had experienced "hot growth".

Phan Anh Tuan, deputy director of the Vincom Securities Company confirmed the activity in the domestic market recently, but warned that, "hot growth usually implies risks".

The domestic market may continue its increase in the next several sessions if there is no negative information from the international market, said Tuan.

Tuan recommended short-term traders be careful with their investment decisions if the VN-Index reaches the 350-360 point zone.

Le Ho Khoi, director general of the Trang An Securities Co, predicted that the VN-Index would likely to fluctuate between 300-350 points.

"It is a good time for long-term investors to consider new investments," Tuan said.

However, he suggested that for both short-term and long-term investments, "investors should wait for quarterly business results of listed firms, impacts of the Government’s stimulus package, as well as the down sessions to make appropriate investment decisions".

Foreign investors bought about 3.6 million shares yesterday for VND131.3 billion ($7.2 million) and sold 4.1 million ones for VND138.9 billion ($7.7 million) on the HCM City bourse.

In Ha Noi yesterday, the HASTC-Index advanced over 3.59 per cent or 4.54 points to end the day at 130.94, on a trading volume of 28.6 million shares and a combined value of nearly VND782 billion ($43.4 million).

Asia Commercial Bank (ACB) led the northern exchange with 7.88 million shares traded, followed by Kim Long Securities (KLS) with nearly 3.63 million.



Other news

US$ exceeds VND18,000/US$1.00 threshold   2009-04-15

BUSINESS IN BRIEF 15/4   2009-04-15

Real estate prices go up and down in accordance with rumours   2009-04-15

Vietnam cuts fuel import tax   2009-04-15

Perfect demand stimulus implementation will make inflation between 7-8%   2009-04-15

Garment firms focus on local trade   2009-04-15

It’s too early to say real estate market thawing   2009-04-15

CEOs expect better times within year   2009-04-15

Pork, poultry prices rise   2009-04-15

Real estate market not thawing, only prices pushed up   2009-04-14

BUSINESS IN BRIEF 14/4   2009-04-14

Commercial banks do well despite criris   2009-04-14

Real estate market not thawing, only prices pushed up   2009-04-14

40 trillion VND to mechanise food production   2009-04-14