Stocks hit roof of trading banks, propping up VN-Index

Hanoi (VNA) - 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.-Enditem