Stock Market Bounces Back (03/05)
06/08/2010 - 73 Lượt xem
Blue chips led the way this morning when the Vietnamese stock market rallied on the first day of trading after a six-day break.
Analysts credit the optimistic move on positive economic reports from the government and the Central Institute of Economic Management.
The VN-Index gained 11.59 points, or 1.25%, to end the day’s session at 935.48. More than 4.7 million shares changed hands for VND564 billion (US$35 million).
There were 54 winners and 37 losers among the 109 stocks listed on the Ho Chi Minh City Securities Trading Center. Blue chips like GMD, REE, NKD, VNM and SGH were the big winners on the day, all of them rising to the 5% trading limit.
The mutual funds PRUBF1 and VFMVF1 also put in a good performance to add 0.72% and 1.80% respectively and close at VND14,000 and VND34,000.
The market recovery is attributed to a forecast from the Central Institute of Economic Management that Viet Nam is likely to attract foreign investment of US$35 billion this year. Today’s winners and losers
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