|
Investor confidence rises with quarterly profit
The local stock exchange continued to witness a second rally on October 15, backed by good business performances from listed companies.
A strong rise of most listed shares in the Ho Chi Minh City Stock Exchange boosted the VN-Index by 2.01 percent to 397.15 points.
“Buying orders concentrated mostly in blue chips, making them rise significantly, as their share prices have fallen deep enough to buy,” said broker Nguyen Hoang Hai at An Binh Securities.
In addition, these big firms began posting impressive business performances in the third quarter, which, alongside the improving attitude towards the global credit turmoil, have contributed to encouraging local investors with securities purchases, Hai added.
A series of big firms posted high profits in the third quarter, including FPT, Tan Tao Industrial Zone (ITA), and Hoa Phat Group (HPG).
“Although local investors are still monitoring the situation carefully, the internal factors like business performance still draw attention as they have direct influence on investors’ profit,” said an analyst at Vina Securities.
Some big stocks on October 15 saw substantial share volumes change hands, including STB of Sacombank with 3.78 million shares, recorded as the most active share in the stock market on the day.
Other blue chips, including SSI of Sai Gon Securities Inc, SAM of Cable and Telecom Materials, saw over 1 million shares traded in the day’s session.
In the whole market, there were 24.06 million shares worth 762.09 billion VND (45.36 million USD) changing hands. The volume was triple that on October 14.
Overseas clients had a busy day in the local stock exchange. They bought over 2 million shares and sold nearly 6 million.
In Hanoi , the HASTC-Index witnessed its second upward session closing up 2.92 percent to 132.12. Trading volume in this centre stayed four times higher than that on October 14, at 14.02 million shares.
This figure represented a turnover of 404.20 billion VND (24.06 million USD).
VNA
|
