|
Dow Jones' rally lifts local index
Dow Jones rallied to a five-month high overnight which helped bolster trading on the country's stock exchanges.
The VN-Index rose for the second day and closed at 460.72 points.
The index gained an accumulative 2.16 per cent, with 210 among 263 listed shares on the HCM City Stock Exchange advancing. A majority of the stocks that matched their ceiling prices were penny stocks, including Mekong Fisheries Company (AAM), up 1.1 per cent; Agribank Securities (AGR), 0.5 per cent; Cuong Thuan IDICO Development Investment (CTI), 1.6 per cent; and Binh Thanh Import-Export Production and Trade (GIL), 1.1 per cent.
Blue chips that faired well on the southern bourse included Bao Viet Holdings (BVH), steel producer Pomina (POM), Tan Tao Industrial Park (ITA) and property trader Vincom (VIC).
Banking stocks rose slightly, despite concerns about lending rates which have not decreased due to inflationary pressure. Sacombank (STB) and Eximbank (EIB) rose 0.1 per cent and Vietcombank (VCB) rose 0.6 per cent, while VietinBank (CTG) closed unchanged.
Trading volume was back in the black with 37.03 million shares changing hands, worth a combined VND1.01 trillion (US$51.8 million).
The HNX-Index at the Ha Noi Stock Exchange increased by 2.31 per cent today, closing at 124.84 points on a total volume of 28.9 million shares.
The day's trading value slowed to VND639.3 billion ($32.8 million), down 11.2 per cent from Tuesday's session.
Market analysts at Dai Viet Securities said that inflation concerns, interest rates and increasing gold prices could put a brake on the capital flows in securities. Good news on the global markets could spur foreigners to trade more, which would assist local markets.
Blue chips on the northern bourse rallied, including Asia Commercial Bank (ACB), up 0.2 per cent; Bao Viet Securities (BVS), 0.6 per cent; Kim Long Securities (KLS), 0.8 per cent and PetroVietnam Construction (PVX), 1.1 per cent.
vietnamnews
|
