The local stock exchange continued to witness a second
rally on October 15, backed by good business performances from listed
companies.


A strong rise of most listed shares in the Ho Chi Minh
City Stock Exchange boosted the VN-Index by 2.01 percent to 397.15
points.


“Buying orders concentrated mostly in blue chips,
making them rise significantly, as their share prices have fallen deep
enough to buy,” said broker Nguyen Hoang Hai at An Binh Securities.


In addition, these big firms began posting impressive
business performances in the third quarter, which, alongside the
improving attitude towards the global credit turmoil, have contributed
to encouraging local investors with securities purchases, Hai added.


A series of big firms posted high profits in the third
quarter, including FPT, Tan Tao Industrial Zone (ITA), and Hoa Phat
Group (HPG).


“Although local investors are still monitoring the
situation carefully, the internal factors like business performance
still draw attention as they have direct influence on investors’
profit,” said an analyst at Vina Securities.


Some big stocks on October 15 saw substantial share
volumes change hands, including STB of Sacombank with 3.78 million
shares, recorded as the most active share in the stock market on the
day.


Other blue chips, including SSI of Sai Gon Securities
Inc, SAM of Cable and Telecom Materials, saw over 1 million shares
traded in the day’s session.


In the whole market, there were 24.06 million shares
worth 762.09 billion VND (45.36 million USD) changing hands. The volume
was triple that on October 14.


Overseas clients had a busy day in the local stock exchange. They bought over 2 million shares and sold nearly 6 million.


In Hanoi , the HASTC-Index witnessed its second upward
session closing up 2.92 percent to 132.12. Trading volume in this
centre stayed four times higher than that on October 14, at 14.02
million shares.


This figure represented a turnover of 404.20 billion VND (24.06 million USD).