ID :
53778
Sat, 04/04/2009 - 09:04
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http://m.oananews.org//node/53778
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Index, volumes jump for second day
Hanoi (VNA) - The VN-Index gained 2.69 percent on April 2 to end the trading session at 297.3 points. Volume jumped 37.4 percent over Wednesday's session to reach a whopping 28.14 million shares traded, worth a combined value of 628.68 billion VND (35.9 million USD).
Advances outnumbered decliners 133 to 27, with Sacombank (STB) remaining the
most-active share, with 2.9 million traded.
Trading was also active in shares of Cable and Telecommunication Materials (SAM),
with 1.8 million shares traded, and Saigon Securities Inc (SSI), 1.7 million.
Foreigners on April 2 were buyers of a net of 760,400 shares, with purchase activity
focused on PetroVietnam Transportation (PVT), Phu My Fertilisers (DPM) and Vinh
Son-Song Huynh Hydropower Plant (VSH).
Nguyen Trong Nghia, an analyst with Thang Long Securities Co, said that along with
improved buys by foreign investors, the Wall Street rally had been a supportive
factor for the VN-Index during the past couple of days.
The announcement at this week's Government meeting, that growth would be maintained
this year at 5 percent, with the recovery of the domestic economy likely to begin
this year, also consoled investors, Nghia said.
An Artex Securities Co report last week agreed investors were feeling less pressured
by the global economic crisis and its impact on the local market, particularly now
that they were once again seeing a significant influx of investment into securities.
In Hanoi , the HASTC-Index also rose 1.81 percent to close at 102.66 on a brisk
volume of 16.5 million shares with a total value of 314.98 billion VND (18 million
USD).
Kim Long Securities (KLS) remained the most-active share with 4.5 million traded,
followed by Asia Commercial Bank (ACB), at 2.5 million.
Foreign investors on April 2 were sellers of a net of 30,000 shares, worth just
897.6 million VND (51,295 USD).-Enditem
Advances outnumbered decliners 133 to 27, with Sacombank (STB) remaining the
most-active share, with 2.9 million traded.
Trading was also active in shares of Cable and Telecommunication Materials (SAM),
with 1.8 million shares traded, and Saigon Securities Inc (SSI), 1.7 million.
Foreigners on April 2 were buyers of a net of 760,400 shares, with purchase activity
focused on PetroVietnam Transportation (PVT), Phu My Fertilisers (DPM) and Vinh
Son-Song Huynh Hydropower Plant (VSH).
Nguyen Trong Nghia, an analyst with Thang Long Securities Co, said that along with
improved buys by foreign investors, the Wall Street rally had been a supportive
factor for the VN-Index during the past couple of days.
The announcement at this week's Government meeting, that growth would be maintained
this year at 5 percent, with the recovery of the domestic economy likely to begin
this year, also consoled investors, Nghia said.
An Artex Securities Co report last week agreed investors were feeling less pressured
by the global economic crisis and its impact on the local market, particularly now
that they were once again seeing a significant influx of investment into securities.
In Hanoi , the HASTC-Index also rose 1.81 percent to close at 102.66 on a brisk
volume of 16.5 million shares with a total value of 314.98 billion VND (18 million
USD).
Kim Long Securities (KLS) remained the most-active share with 4.5 million traded,
followed by Asia Commercial Bank (ACB), at 2.5 million.
Foreign investors on April 2 were sellers of a net of 30,000 shares, worth just
897.6 million VND (51,295 USD).-Enditem
