Market rallies as investors return

Hanoi (VNA) - The VN-Index on April 7 climbed 12.08 points to close at 322.36, an increase of 3.89 percent, as trading volumes rose sharply on rising domestic interest.

Volume increased 29 percent over the previous trading session to 45.4 million
shares, for a turnover on the day of 1.2 trillion VND (67.4 million USD).
Advancers outnumbered decliners by 156 to 10.

Sacombank (STB) led the market with 6.7 million shares changing hands.

Foreign investor transactions were moderate, on the other hand, with only about
6.6 million shares traded. Foreign investors were net sellers of 2.2 million
shares, worth 24.3 billion VND (1.4 million USD).

EuroCapital Securities Co analyst Ngo Van Minh said that, with money continuing to
pour into the stock market, it was likely the rally would last the week, despite
possible strong adjustments due to investor profit taking.

But he said there could be "many sudden moves" as US firms this week entered the
season to announce their quarterly business results.

The analyst expected the Government to issue additional stimulus measures to
support the economy, including interest subsidies and tax reductions, which would
have some impacts on the domestic market over the next few weeks.

"At this time, opportunities are great for many investors, especially for those
who have not taken part in the market over the past few weeks," said Minh. "But
risks are also great, so investors should consider carefully."

In Hanoi on April 7, the HASTC-Index advanced just over 5 percent to end the
day at 114.3, on a trading volume of 23.7 million shares and a combined value of
nearly 500 billion VND (28 million USD).

Asia Commercial Bank (ACB) led the northern exchange with 4.2 million shares
traded, followed by Kim Long Securities (KLS) with nearly 3 million.-Enditem