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Foreign investors buy record shares volume
Foreign investors spent almost 1 trillion VND on buying more than 15 million shares and investment certificates during the week from April 7-11, the record figure so far this year.
The highest number they made in the first quarter was 720 billion VND during the week from March 10-14.
Foreign investors made stronger purchases when the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) fell by over 40 percent compared to the last trading session in 2007. The VN-Index stood at 539.01 points at the end of April 11 trading session, six points more than the last trading session of the previous week.
According to Deputy General Director of the Bao Viet Securities Company Pham Quang Huy, the increase in foreign investors’ share collections can be attributable to affordable share prices and their expectations of the Government’s market supportive policies.
Foreign investors also expect that the country’s inflation will become less tense in the second quarter, Huy said, predicting that Vietnam ’s stock market in the coming time will depend much on the world’s economy, especially the US .
A recent report of the Hong Kong-Shanghai Banking Corporation (HSBC) revealed that with a large undisbursed capital volume, investment funds in Vietnam have taken advantage of the fall of the VN-Index to buy more shares.
VNA
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