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VN-Index exceeds 800 point mark, raising hope
The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) jumped 26.54 points to finish at 811.61 points at the end of the January 29 trading session.
The market saw 138 stocks rally for gains, four remain unchanged and five fall. Around 9.9 million shares worth 786 billion VND changed hands.
Many stocks recorded increases to ceiling prices, especially blue chips Binh Dinh Minerals (BMC), Tay Ninh Cable Tour (TCT), Song Da Urban & Industrial Zone Investment and Development (SJS), FPT Corp. (FPT) and Tu Liem Urban Development (NTL).
The VN-Index’s sharp recovery was attributable to investors' hopes for the market's dramatic increase when many companies announced their satisfactory business results in the fourth quarter of last year, said Tran Quang Duan, an analyst from the International Royal Securities Company (IRS).
Encouraged by the Ho Chi Minh City bourse’s upward trend, the HaSTC-Index at the Ha Noi bourse added 7.03 points to end today's trading session at 278 points. More than 4.5 million shares worth close to 344 billion VND were traded.
Of the total 127 listed shares, only five suffered slight declines while the others reported gains. The group of Song Da shares enjoyed strongest increases of between 3,000 VND and 5,000 VND per share.
VNA
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