Vietnamese stock market sees strong recovery

Viet Nam’s securities market saw a strong recovery on the February 25 trading session, with both Ho Chi Minh City and Ha Noi bourses registering rises.

The VN-Index of the Ho Chi Minh City Stock Exchange increased by 27.94 points or 4.07 percent to finish at 715.04 points.

Over 12.2 million shares, valued at more than 858 billion VND, changed hands, with only two out of the total 156 listed shares suffering losses.

The HaSTC-Index of the Ha Noi Securities Trading Centre also rose 7.82 points or 3.27 percent to end at 246.84 points. Around 4.7 million shares were traded for 310 billion VND during the session.

According to Nguyen Khac Duan, an analyst from the International Royal Securities Company, the stock market’s recovery was backed by investment funds’ and big investors’ procurement as share prices have dropped to the lowest levels.

VNA

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