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Local stock market continues to climb
Both bourses continued to see most stocks rise to the ceiling prices on March 31, a trend that started when the new trading bands of 1 percent and 2 percent were applied, respectively, in Ho Chi Minh City and Hanoi, on March 27.
Buying orders dominated the electric boards while supply was modest, resulting in drops in both trading volume and value.
By closing, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) added 4.15 points or 0.81 percent to end the session at 516.85 points.
A total of 2.1 million shares worth 120 billion VND changed hands during the session.
The HaSTC-Index on the Hanoi bourse rose 2.85 points or 1.60 percent to finish at 181.43 points.
The market saw more than 693,000 shares traded for a total of 29 billion VND.
Experts said the small trading band helps keep up the market and they were worried that the market will reverse if the band is widened too soon, due to investors’ unstable psychology and the lack of supportive information.
VNA
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