The session opened on a positive note with mild gains, and although early selling pressure brought the benchmark close to the reference level by late morning, buying demand—especially in real estate stocks—strengthened in the afternoon, pushing the market higher towards...
At the close, the VN-Index rose by 12.35 points, or 1.02 per cent, to 1,223.35 points. Market breadth remained positive, with 200 gainers outpacing 102 decliners.
Analysts expect the market''s recovery span to expand this week as the group of stocks that have fallen sharply recently started to receive demand by absorbing the low-price stocks.
Many securities companies are optimistic about the stock market this week, as companies will soon release their first-quarter business statements and a support package worth VND340 trillion (US$15 billion) will also be disbursed.
Shares ended lower on Monday as profit-taking activities weighed on the stock market, while foreign investors net sold more than a trillion VND on two main exchanges.
The stock market will experience choppy trading this week with strong correction, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 0.69 per cent to close Friday at 990.00 points.
The HCM City chairman has hailed the Ho Chi Minh Stock Exchange for contributing to the steady development of the country’s stock market and the city’s financial market.
Shares of the Bank for Investment and Development of Viet Nam (BIDV),
under the code BID, are expected to be listed on the HCM City Stock
Exchange (HOSE) on Friday.