Shares rebound on positive forecasts

Hanoi (VNA/VNS) - The VN-Index in the Ho Chi Minh Stock Exchange gained 3.15 percent to close at 289.52 points on the first trading day of the month on April 1.


Volume remained brisk, at 20.5 million shares, for a total value on the day of
438.98 billion VND (25.1 million USD). Sacombank (STB) continued to hold the place
as the market's most active share with 2.4 million traded.

Foreigners on April 1 became net sellers with a volume of 1.3 million shares, for
a net value of 25.3 billion VND (1.4 million USD).

"Investors are paying more attention to the movement of the domestic economy and
how major developments directly impact their investments," said Bui Van Quang,
deputy director of SME Securities Co. "And what Deputy Minister Nguyen Sinh Hung
said at the April 1's Government meeting helped console investors."

During the meeting, Hung predicted Vietnam 's economy would recover within this
year.

However, he cautioned, "The rebound is not expected to last through the end of
this week as investors are placing orders mostly in small quantities."

In Hanoi , the HASTC-Index peeked its nose back above its original starting
level of 100 points to close at 100.83, a gain of 2.5 percent on the day. Market
volume remained lively, with 11.9 million shares traded, worth a total of 223.84
billion VND (12 million USD).

Kim Long Securities (KLS) claimed the spot as most active share, with 2.6 million
changing hands, followed closely by Asia Commercial Bank (ACB) at 1.8
million.-Enditem