ID :
24977
Fri, 10/17/2008 - 01:14
Auther :
Shortlink :
http://m.oananews.org//node/24977
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Investor confidence rises with quarterly profit
Hanoi (VNA) - 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).-Enditem
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).-Enditem
