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Stocks hit roof of trading banks, propping up VN-Index
Domestic stock indices turned around on October 29 as the majority of stocks rebounded to hit the ceiling of the regulated trading bands on both the Hanoi and HCM City markets.
Purchases far exceeded sales, pushing the HASTC-Index of the Hanoi bourse up 2.39 points, or 2.28 percent, to close at 107.44. About 10.75 million shares changed hands for a total revenue of 275.62 billion VND (16.7 million USD).
The Hanoi Securities Trading Centre saw 139 gainers and 11 losers on the day.
The HCM Stock Exchange’s VN-Index increased 8.82 points, or 2.73 percent, to close at 331.62. Liquidity continued to improve, as trading volume rose by 29 percent to 22.12 million shares, with a total turnover of more than 700 billion VND (42.4 million USD). The market saw 132 winners by the end of the day. As many as 21 codes lost and 11 stayed unchanged.
Nguyen Thanh Ky, general secretary of the Vietnam Association of Securities Businesses (VASB), said the world’s efforts to prop up the financial markets, in addition to positive signs in the domestic economy, were facilitating the VN-Index’s rebound.
VNA
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