ID :
74134
Fri, 08/07/2009 - 10:11
Auther :
Shortlink :
http://m.oananews.org//node/74134
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VN-Index continued its upward advance on August 5,
Hanoi (VNA) – The VN-Index continued its upward advance on August 5,
increasing by just under a percent to close at 481.29 points.
Total trading value remained healthy, at 1.63 trillion VND (91.6 million USD), on
a volume of 38.3 million shares. Foreign trade contrinuted 6.2 million shares to
this total, worth a combined 404.05 billion VND (22.7 million USD).
On the Hanoi market, the HNX-Index also inched up 0.6 percent, ending the
August 5 trading session at 153.93. Trading volume on this market dropped 4.6
percent to 18.8 million shares, worth a total of 626.24 billion VND (35.2 million
USD). The volume of foreign investor trades totaled 826,300 shares.
Financial shares continued to maintain their attractiveness to investors on both
the southern and northern markets, with Sacombank (STB) and Saigon Securities Inc
(SSI) leading activity in HCM City and Kim Long Securities (KLS) and
VietinBank Securities (CTS) nailing active shares on the Hanoi Stock excahnge.
“Traders began holding back today on an ease in global securities investment, as
the domestic market is now more closely linked to global market,” said Ngo Quoc
Hung, a veteran investor in HCN City who also pointed to profit-taking to explain
the day’s slower growth on the domestic markets.
Le Anh Thi, an analyst with Au Viet Securities Co, believed stock traders were
sitting on their hands, waiting for new opportunities, rather than looking to
alternative investment channels.
“The real estate market remains in a state of low liquidity and requires high
levels of capital,” Thi said. “Gold prices also continue to be high and
interest rates, while competitive, are not as attractive as securities.”
He pointed to the news on dividends, business propect and increases in charter
capital by a number of listed companied as likely to sustain a market rally for
the time being.
The UPCoM-Index also gained on August 5, soaring 4.26 percent to close at 82.78
points.
Overall value totaled 2.5 billion VND (140,449 USD) on a volume of 123,055 shares,
with a foreign investor buy of 50,000 shares of HIPT Group (HIP) helping lift the
market and lifting HIG into the position as the most active stock on the UPCoM,
with an overall volume of 57,718 shares.-Enditem
increasing by just under a percent to close at 481.29 points.
Total trading value remained healthy, at 1.63 trillion VND (91.6 million USD), on
a volume of 38.3 million shares. Foreign trade contrinuted 6.2 million shares to
this total, worth a combined 404.05 billion VND (22.7 million USD).
On the Hanoi market, the HNX-Index also inched up 0.6 percent, ending the
August 5 trading session at 153.93. Trading volume on this market dropped 4.6
percent to 18.8 million shares, worth a total of 626.24 billion VND (35.2 million
USD). The volume of foreign investor trades totaled 826,300 shares.
Financial shares continued to maintain their attractiveness to investors on both
the southern and northern markets, with Sacombank (STB) and Saigon Securities Inc
(SSI) leading activity in HCM City and Kim Long Securities (KLS) and
VietinBank Securities (CTS) nailing active shares on the Hanoi Stock excahnge.
“Traders began holding back today on an ease in global securities investment, as
the domestic market is now more closely linked to global market,” said Ngo Quoc
Hung, a veteran investor in HCN City who also pointed to profit-taking to explain
the day’s slower growth on the domestic markets.
Le Anh Thi, an analyst with Au Viet Securities Co, believed stock traders were
sitting on their hands, waiting for new opportunities, rather than looking to
alternative investment channels.
“The real estate market remains in a state of low liquidity and requires high
levels of capital,” Thi said. “Gold prices also continue to be high and
interest rates, while competitive, are not as attractive as securities.”
He pointed to the news on dividends, business propect and increases in charter
capital by a number of listed companied as likely to sustain a market rally for
the time being.
The UPCoM-Index also gained on August 5, soaring 4.26 percent to close at 82.78
points.
Overall value totaled 2.5 billion VND (140,449 USD) on a volume of 123,055 shares,
with a foreign investor buy of 50,000 shares of HIPT Group (HIP) helping lift the
market and lifting HIG into the position as the most active stock on the UPCoM,
with an overall volume of 57,718 shares.-Enditem
