An investor follows transactions at Bao Viet Securities Company in Hanoi.(Photo: VNA) Hanoi (VNA) — Vietnamese shares soared on January 25 as investors flockedto pour money into the HCM Stock Exchange (HOSE) after a two-day halt inoperations following a technical crash.
Thesouthern bourse operated as normal from 9am on January 25.
Thebenchmark VN-Index on the HCM Stock Exchange rose 1.58 percent to close at1,104.57 points. It had gained 2.39 percent on January 22, the day the crashoccurred, shutting down all trading activities on the exchange.
Morethan 508 million shares were traded on the southern exchanges, worth nearly 14.1trillion VND (622.7 million USD).
Thesetrading figures were up two-fold in both volume and value compared to the lasttrading session on January 22.
Theminor HNX-Index on the Hanoi Stock Exchange added 0.29 percent to end at 126.62points. The northern market index finished on January 24 down 0.05 percent.
Over100 million shares were traded on the southern exchanges, worth nearly 1.7trillion VND, up 60 percent in volume and 56 percent in value compared to thelast trading session on January 24.
Acrossthe two local exchanges, there were 213 gaining stocks, 292 declining ones and67 stocks ending flat.
Large-capstocks performed well as the VN30 Index, which tracks the performance of the 30largest shares by market capitalisation, advanced 1.18 percent to 1,095.52points with nearly two-thirds of the 30 stocks advancing.
The banking sector remained the majorsupporter for the market as 12 of 14 listed lenders advanced, of which JSC Bankfor Investment and Development of Vietnam, listed as BID and Bank for ForeignTrade of Vietnam, as VCB, exceeded the maximum rate of 7 percent (the ceilingprice) set out by the HOSE.
Other gainers, including Vietnam JointStock Commercial Bank for Industry and Trade (CTG), Vietnam Prosperity JointStock Commercial Bank (VPB), Military Commercial Joint Stock Bank (MBB), andHCM Development Joint Stock Commercial Bank (HDB), rose at least 3.8 percent.
Bank shares recorded an average growth of1.71 percent, according to data on vietstock.vn onJanuary 25.
The energy industry also posted stronggrowth on January 25 as the industry index inched up 1.14 percent. The industrywas led by PetroVietnam Gas Joint Stock Corporation (GAS) and ThaiDuong PetrolJoint Sotck Company (TDG), hitting the ceiling prices.
Other growers were PetroVietNam LowPressure Gas Distribution JSC (PGD) and CNG Vietnam Joint Stock Company (CNG),up 3.25 percent and 6.13 percent, respectively.
BIDVSecurities JSC (BSC) said in its report that the market would continue toincrease sharply in the coming sessions despite a slight correction in theafternoon session.
“Largecash flow from the market will be the main driver for the index to soar andcross the old peak,” it said in its daily report.
Accordingto the Viet Dragon Securities Co (VDSC), the market seems to be overbought andcorrection may come soon. Thus, traders will consider taking profits and thencover stocks at lower prices. -VNA
Thesouthern bourse operated as normal from 9am on January 25.
Thebenchmark VN-Index on the HCM Stock Exchange rose 1.58 percent to close at1,104.57 points. It had gained 2.39 percent on January 22, the day the crashoccurred, shutting down all trading activities on the exchange.
Morethan 508 million shares were traded on the southern exchanges, worth nearly 14.1trillion VND (622.7 million USD).
Thesetrading figures were up two-fold in both volume and value compared to the lasttrading session on January 22.
Theminor HNX-Index on the Hanoi Stock Exchange added 0.29 percent to end at 126.62points. The northern market index finished on January 24 down 0.05 percent.
Over100 million shares were traded on the southern exchanges, worth nearly 1.7trillion VND, up 60 percent in volume and 56 percent in value compared to thelast trading session on January 24.
Acrossthe two local exchanges, there were 213 gaining stocks, 292 declining ones and67 stocks ending flat.
Large-capstocks performed well as the VN30 Index, which tracks the performance of the 30largest shares by market capitalisation, advanced 1.18 percent to 1,095.52points with nearly two-thirds of the 30 stocks advancing.
The banking sector remained the majorsupporter for the market as 12 of 14 listed lenders advanced, of which JSC Bankfor Investment and Development of Vietnam, listed as BID and Bank for ForeignTrade of Vietnam, as VCB, exceeded the maximum rate of 7 percent (the ceilingprice) set out by the HOSE.
Other gainers, including Vietnam JointStock Commercial Bank for Industry and Trade (CTG), Vietnam Prosperity JointStock Commercial Bank (VPB), Military Commercial Joint Stock Bank (MBB), andHCM Development Joint Stock Commercial Bank (HDB), rose at least 3.8 percent.
Bank shares recorded an average growth of1.71 percent, according to data on vietstock.vn onJanuary 25.
The energy industry also posted stronggrowth on January 25 as the industry index inched up 1.14 percent. The industrywas led by PetroVietnam Gas Joint Stock Corporation (GAS) and ThaiDuong PetrolJoint Sotck Company (TDG), hitting the ceiling prices.
Other growers were PetroVietNam LowPressure Gas Distribution JSC (PGD) and CNG Vietnam Joint Stock Company (CNG),up 3.25 percent and 6.13 percent, respectively.
BIDVSecurities JSC (BSC) said in its report that the market would continue toincrease sharply in the coming sessions despite a slight correction in theafternoon session.
“Largecash flow from the market will be the main driver for the index to soar andcross the old peak,” it said in its daily report.
Accordingto the Viet Dragon Securities Co (VDSC), the market seems to be overbought andcorrection may come soon. Thus, traders will consider taking profits and thencover stocks at lower prices. -VNA
VNA
