Stocks rebound on both bourses

Oct 3rd at 18:33

03-10-2013 18:33:24+07:00

Stocks on the HCM City Stock Exchange bounced back yesterday, sending the market index back to a five-week high, as the buying force intensified amid growing optimism in a rally driven by better economic performances.

Investors were delighted with the ongoing upward trend, a stock analyst in Ha Noi said. The market sentiment was also boosted by worldwide rallies despite the US government shut down for a budgetary shortage.

The VN-Index added 0.44 per cent to end the day at 494.39 points yesterday.

The HCM City Stock Exchange saw 157 stocks advance, 59 tumble, 62 close unchanged, and 26 stocks remained untraded, according to FPT Securities.

At the end of the day the VCB rose 0.7 per cent to finish at VND27,900 per share and the MSN increased 0.6 per cent to end at VND86,000 per share

On the HCM City Stock Exchange, foreign investors remain net buyers for the fifth consecutive trading sessions with 2.56 million shares worth VND50.66 billion.

The VN30-Index gained 0.56 per cent to close at 552.73. Among its 30 members, 22 stocks advanced, two declined and six were unmoved.

Tan Tao Investment – Industry Corporation (ITA), the most active stock with 9.6 million shares changing hands, surged 5.1 per cent to finish at VND6,200.

FLC Group (FLC) came second in market volume with 7.2 million shares traded, jumping 6.4 per cent to end at VND5,000.

Hoang Quan Consulting Trading Service Real Estate Corporation (HQC) climbed 3.4 per cent to end at VND6,100 on a trade of 3 million shares – the third most active on the gauge.

At the close, 22 stocks were traded at the upper limit which was capped at 7 per cent by market regulators.

On the Ha Noi Stock Exchange, the HNX-Index also rebounded, the ninth gain in 10 days, bringing the market benchmark HNX-Index to a one-month high.

The HNX-Index rose 0.2 per cent to close at 61.05.

Foreign investors on the Ha Noi Stock Exchange were also the net buyers for the sixth consecutive day. Yesterday they purchased 745,400 share worth VND4.35 billion and sold 169,280 shares valued at VND2.18 billion.

SHB slipped 1.5 per cent to VND6,700 per share, while DBC roe 1.8 per cent to end at VND17,000 per share.

Meanwhile, the HNX 30 Index, composed of the bourse's top 30 stocks in term of capitalisation and liquidity, gained 0.6 per cent to end at 113.97 points.

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