VietNamNet Bridge – Values and volume jumped on the HCM City Stock Exchange yesterday, with the VN-Index gaining by another 3.87 per cent to close at 273.39.
rading volume hit its highest level in a year, reaching 23.72 million shares, for a value on the day of VND489.8 million (US$28 million).
Many stocks hit the ceiling of their daily trading band of 5 per cent, including Cuu Long Pharmaceuticals (DCL), Hau Giang Pharmaceuticals (DHG), Da Nang Rubber (DRC) and Petroleum Mechanical (PMS).
Sacombank (STB) maintained its position as most active share, with 3.5 million traded; followed by certificates Viet Nam Fund Management (VP1), with 2.8 million shares.
"The increasing demand for fund certificates is due to the latest reports from investment funds which show a slight decrease in net asset value in the first two months of this year, as well as their buying trend," said veteran investor Do Quang Hung.
More significantly, perhaps, this week was the start of shareholders meeting season, when investors tend to increase buying, Hung said.
EuroCapital Securities Co said that the influx of money pumping into the market had not been stable, and the firm predicted that the current uptrend would be short-lived.
An analyst for Kim Eng Viet Nam Securities warned investors to pace buying orders and keep their capital dry, as the market had not run out of risk.
In Ha Noi yesterday, the HASTC-Index also jumped substantially, increasing by 4.88 per cent to close at 98.14 points. Market volume also rose to 15.67 million shares, worth of VND264.05 billion (US$15.1 million), from Tuesday's volume of about 14 million shares.
Bim Son Cement (BCC) was the most active share on the northern bourse with 2.7 million trade, followed closely by Asia Commercial Bank (ACB) and But Son Cement (BTS) with 2.5 and 2.1 million shares, respectively.
No comments:
Post a Comment