Tiếng Việt
普通话
The VN-Index on the country’s southern house named the Ho Chi Minh (HCM) City Stock Exchange (HoSE) went down 0.46 points, or 0. 11 percent, against the previous trading day to close at 423.43 points on Friday.
During the week, VN-Index won 29.13 points or 7.22 percent from last Friday’s closing session. It experienced three ups and two downs, reaching the 3-month high level of 423.83 on Thursday. It posted the highest level of 423.89 points on Thursday and the lowest level of 410.91 points on Tuesday.
Last week VN-Index ranged from 395.54 points to 403.3 points.
A total of 78.557 million shares worth 1.117 trillion Vietnamese dong (53.69 million U.S. dollars) changed hands at the HoSE on Friday, an increase of 16.60 percent in volume and 16.28 percent in value against Thursday.
VN-30 index, the new benchmark index for the southern bourse which has been applied since February 6, 2012 and tracks the 30 leading stocks by both market capitalization and liquidity, closed at 477.77 points on Friday, up 1.37 points, or 0.29 percent. A total of 26.683 million shares worth 506.887 billion VND (24.35 million U.S. dollars) were traded.
On the Hanoi Stock Exchange, the HNX-Index went up 0.29 points, or 0.43 percent, to close at 67.07 points on Friday.
Insiders held that Vietnam’s stock market, which has already gained over 18 percent since the beginning of the year, was considered the second-best performing in Asia. Some forecast that the VN-index would climb as high as 516 points this year, while the consumer price index (CPI) that reflects the country’s inflation rate would return to single-digit levels in the second quarter.
This week, the two country’s bourses announced that they would expand trading sessions to afternoons, effective from March 5.
Meanwhile, Vietnamese Minister of Finance Vuong Dinh Hue said that the ministry is ready to take drastic measures to reorganize the market to ensure its sustainability.