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Market bounces back to investors’ delight (12/05)
06/08/2010 - 156 Lượt xem
Investors on the ACB Securities Trading Floor shouted for joy when the VN Index hit 542.95 points on May 11, a 22.13 point (4.25%) increase over the previous transaction period.
One investor, Mr Trung, expressed his elation when his securities increased. Five out of the 10 items in his portfolio saw a VND4,000/share price increase yesterday, including on SAM, REE, NKD, KDC, and VNM.
Even when share prices dropped dramatically, Mr Trung still firmly believed that they would increase again, as all the listed enterprises are operating well. He was in fact so confident that he bought 10,000 shares yesterday, and made a profit as prices bounced back.
Nineteen securities saw increase yesterday, 13 were down and four stabilised. Total market volume was reported at 6,005,260 shares, or VND439,740,957,000 ($27.483mil) in trading, and total transacted securities volume rose 2.2 times over the last transaction period.
Investors all placed buy orders yesterday, and purchases increased seven-fold over sales until available shares sold out.
Even shares that dropped dramatically in the last transactions recovered. The VF1 fund certificate price increased by 4.91%, and 852,950 shares traded for VND34bil ($2.1mil) in volume.
However, not everyone made out like Mr Trung. Other investors regretted selling out when the prices dropped. Overall, foreign investors bought 20 securities worth VND9.72bil total and sold 19 items worth VND7.85bil. Among them, VNM, GMD, VFM, VF1, and BBC increased.
Source: VietnamNet
