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 up 0.13 points, or 0.03 percent, against the previous trading day to close at 401.74 points on Friday.
During the week, VN-Index won 28.74 points or 7.7 percent from the last trading day’s close on January 20. It experienced straight five ups, surpassing the 400-point level on Thursday, which lost since last Nov. 11.
VN-Index ranged from 357.87 points to 373.43 points during the week before the lunar New Year (Tet) holidays, which fell on the last week of January.
A total of 68.550 million shares worth 966.782 billion Vietnamese dong (46.14 million U.S. dollars) changed hands at the HoSE on Friday, an increase of 55.83 percent in volume and 35.15 percent in value against Thursday.
On the Hanoi Stock Exchange (HSX) the HNX fell down 0.72 points, or 1.15 percent, to 61.85 points on Friday.
Insiders said that Vietnam’s securities market got a faster recovery than investors’ expectation, who formerly forecast that the recovery would happen in the second half of the year.
Analysts said rebounds were attributable to investors’ hope of market restructuring which was based on recent comments by Minister of Finance Vuong Dinh Hue that the ministry is ready to take drastic measures to reorganize the market to ensure its sustainability.
Information released about the VN30, the new benchmark index on the HCM City Stock Exchange which will begin tracking share movements on Feb. 6, also strengthened investors’ confidence.
The information of the new index is expected to create positive expectations about the market, and also improve investors’ psychology about practical measures taken by administrative agencies to restructure the stock market, reported FPT Securities Co. analysts.