BTA
18-06-2008, 07:21 AM
Investors rushed to buy rather than sell shares on June 17, following a
recent trend and helping the VN-Index increase by 6.51 points, or 1.72
percent, to 384.71.
On the Ho Chi Minh City Stock Exchange
(HoSE), nearly 9.7 million shares were traded for 253 billion VND, with
150 stocks gaining, four falling and one remaining unchanged.
Blue-chippers
experiencing a rally included STB of Sacombank, which increased by 400
VND to 21,300 VND per share, VNM of Vinamilk which rose to 93,500 VND
per share, and VPL of Vinpearl JSC rose by 2,000 VND to reach 116,000
VND per share.
The HaSTC-Index of the Hanoi Securities Trading
Centre (HaSTC) also rose 2.14 points to 115.95 during the trading
session, which saw 1.7 million shares, valued at nearly 48.7 billion
VND, change hands.
Analysts attributed the increase of the two
bourses to the State Securities Commission’s decision to increase share
and fund certificate trading bands by 1 percent to raise the HoSE band
to 3 percent and the HaSTC to 4 percent effective from June 19.
They said loosening the trading band will help raise stock liquidity and this is a good signal for the market.
The trading band refers to the amount listed shares are allowed to gain or decline in value within a single trading day.
recent trend and helping the VN-Index increase by 6.51 points, or 1.72
percent, to 384.71.
On the Ho Chi Minh City Stock Exchange
(HoSE), nearly 9.7 million shares were traded for 253 billion VND, with
150 stocks gaining, four falling and one remaining unchanged.
Blue-chippers
experiencing a rally included STB of Sacombank, which increased by 400
VND to 21,300 VND per share, VNM of Vinamilk which rose to 93,500 VND
per share, and VPL of Vinpearl JSC rose by 2,000 VND to reach 116,000
VND per share.
The HaSTC-Index of the Hanoi Securities Trading
Centre (HaSTC) also rose 2.14 points to 115.95 during the trading
session, which saw 1.7 million shares, valued at nearly 48.7 billion
VND, change hands.
Analysts attributed the increase of the two
bourses to the State Securities Commission’s decision to increase share
and fund certificate trading bands by 1 percent to raise the HoSE band
to 3 percent and the HaSTC to 4 percent effective from June 19.
They said loosening the trading band will help raise stock liquidity and this is a good signal for the market.
The trading band refers to the amount listed shares are allowed to gain or decline in value within a single trading day.