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Stock indexes see impressive recovery
Both Ho Chi Minh City and Hanoi bourses witnessed strong recoveries on Sept. 19.
The Ho Chi Minh Stock Exchange’s VN-Index added 19.78 points or 4.71 percent to close at 439.06, as its trading band was expanded to 4.71 percent. Overall trading volume doubled to 25.5 million shares for a total revenue of 850.6 billion VND.
The southern market saw no losers and 163 gainers, with one remaining stable.
Over the course of the week, the VN-Index fell from 476.76 to 439.06 points or lost 12.56 percent with the trading volume of one average session being 20.01 million shares worth over 689.5 billion VND.
In the northern bourse, the HASTC Index saw an end to three successive losses to close at 145.74 points, up 9.66 points.
Trading volume quadrupled to 11.55 million shares worth 321.98 billion VND.
This week’s liquidity fell with the trading volume of each session reaching 10.26 million shares for more than 337.1 billion VND.
Investors regained their confidence thanks to the increases on the US stock market on Sept. 19. In the meantime, the State Securities Commission said that it has not yet made any decision to change the trading bands for transactions of stocks and fund certificates and that the announcement of September’s consumer price index will become supportive information for the stock market.
VNA
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