Vietnam index rises 1.36 pct in hopes of uptrend, foreign inflows

Jun 7th at 18:46
07-06-2013 18:46:40+07:00

Vietnam index rises 1.36 pct in hopes of uptrend, foreign inflows

Vietnam's VN Index advanced nearly 1.4 percent on Friday as investors bought banking, property, fuel and foodstuff in hopes of an uptrend and foreign inflows if plans are approved to increase their shareholdings in listed firms, traders said.

Foreigners have bought a net value of 5 trillion dong ($238 million) of Vietnamese shares since the start of this year to June 7, while they sold a net value of 140 billion dong in the
same period last year, exchange data showed.

Here is a snapshot of the VN Index at the close of trading (0716 GMT).

VN Index 527.97
PREV. CLOSE 520.9
% CHANGE 1.36%

HIGH 527.97
LOW 523.19

Change (%) 1-mnth 6.672
Change (%) 3-mnth 10.573
Change (%) 1-year 22.165

52-week high 526.58 31-May-13
52-week low 372.39 5-Nov-12

reuters



NEWS SAME CATEGORY

Vietnam eyes foreign investors to expand stock market

Vietnamese regulators will submit a proposal next month to ease restrictions on foreign ownership in companies as they lure more international investors to a stock...

Blue chips buoy stock markets

The recovery of blue chips Wednesday afternoon helped sustain shares on both exchanges, despite fluctuations in the morning as investors showed caution following...

Strong selling drives shares down

Strong afternoon selling in blue chips on the HCM City Stock Exchange pushed shares down yesterday as investors began to fear a deep imminent correction after the...

Regional stock market rallies warned on sustainability

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that the current rising capital inflows to stock markets in Southeast Asian nations...

Profit taking sees City shares fall

Increased profit taking activity in the afternoon drove shares down on the HCM City Stock Exchange, despite the positive performance in the morning.

Top finnish fund deserts Thailand for Vietnam seeking growth

PYN Elite (ELITE), Finland’s best-performing fund, is helping to drive a stock rally in Vietnam as it abandons Thailand, where the portfolio has reached annual...

Lack of protection over dodgy dealings raises red flag

The recent dispute between investors and a securities firm relating to abuses with investors' money is again raising concerns about the lack of protection.

Solid stocks trend hints at long-term rally

The VN-Index rose 3.8 per cent on the HCM City Stock Exchange last week compared to the previous week, rising to 518.39 points.

Trading surges on bank stock buys

On the HCM City Stock Exchange, the VN-Index finished yesterday down 0.59 per cent at 518.39 points.

Foreign investment lifts markets

Shares continue to rally but liquidity declines.On the HCM City Stock Exchange, the VN-Index added 1.23 per cent to reach 521.45 points.

TRENDING


MOST READ


Back To Top