After an explosion in morning with the VN-Index touching 514 points,
several blue chips retreated in the afternoon, pulling the index to
close at 509.43 points on April 2 on the Ho Chi Minh Stock Exchange.
Trading on the southern bourse was busy with nearly 70.3 million
shares, worth 1.46 trillion VND (69.5 million USD), changing hands – an
increase of 30 percent in volume and 15 percent in value compared to the
Investors became more confident when the
VN-Index surpassed the important psychological landmark of 500 points
during the week’s first session.
However, many analysts fear that
this was the result of blue chip increases that may not last because
investors will soon sell for higher prices to lock in profits.
VN30 went up 1.15 percent to 573.5 points, with 19 of the top 30 shares
led by market capitalisation and liquidity climbing and only three codes
Vietinbank (CTG) was the most active code during the
day with 7.5 million shares changing hands, of which foreign investors
bought 2.2 million, helping lift the shares by 4.7 percent to 20,000 VND
a share by the end of the session.
Meanwhile on the Hanoi Stock
Exchange, the HNX-Index declined abruptly in the last minutes, losing
0.68 percent to finish the session at 61.09 points.
More than 49.5
million shares worth nearly 418.2 billion VND (19.9 million USD) were
traded. Sai Gon-Hanoi Bank (SHB) continued to claim the position of the
most active code nationwide on trades of 10.9 million shares, but edged
down 1.45 percent to 6,800 VND a share.
Foreign investors also
participated actively in the market on the day, concluding as net buyers
on both exchanges. They were responsible for a combined net buy of
nearly 235 billion VND (11.2 million USD).-VNA