Heavy trading in blue chips by foreign investors

Hanoi (VNA)- Heavy trading in blue chips by foreign investors on the HCM Stock
Exchange helped lift the VN-Index on February 3 to a close of 495.48, a gain of 1.55
percent.

The volume of the day’s trade fell slightly, however, to 26.1 million shares,
worth a combined 1.2 trillion VND (63.8 million USD).

While domestic trading saw no improvement, foreign investor buys soared to 3.34
million shares, worth a total of 240 billion VND (12.8 million USD), their biggest
day of the year so far.

Vinamilk (VNM) surprised the market to seize the position as the most
heavily-traded share on the southern bourse with nearly 1.54 million changing
hands, of which almost a million were purchased by the foreign sector.

In addition to VNM, foreign investors favoured such other blue chips as software
giant FPT, Saigon Securities Inc (SSI), real estate developer Hoang Anh Gia Lai
(HAG), and Song Da Urban and Industrial Zone Investment and Development Co (SJS).


Without as much support from foreign investor trades, the HNX-Index also advanced
by 0.63 percent to close at 161.92 points. Trading volume on the Hanoi Stock
Exchange dropped by 9 percent to 12.9 million shares, for a value of just 449.2
billion VND (23.9 million USD).

Foreign investors were net buyers in Hanoi by a volume of only 166,200 shares,
worth just 7.2 billion VND (382,978 USD).

Vinaconex (VCG) rose to be the most active share on the northern market with 2.6
million shares traded.
Many analysts agreed the market would continue to fluctuate within a narrow
band through the Tet (lunar new year) holiday.-Enditem




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