Vietnamese shares advanced further on January 19 as investor sentiment was cushioned by recent strong recovery of the market and hopes for better corporate performance in 2018.
The benchmark VN Index on the HCM Stock Exchange gained 1.13 percent to close at 1,062.07 points. After the last two sessions, it has almost regained a loss of 2.66 percent made on January 17.
The minor HNX Index on the Hanoi Stock Exchange edged up 0.41 percent to end at 122.39 points. The northern market index has increased total 1.6 percent in the last two days.
Both stock indices post a weekly growth this week with the VN Index rising 1.1 percent in total after the last five trading sessions. The figure for the HNX Index is 1.3 percent.
More than 417 million shares were traded on the two local exchanges, worth 11.2 trillion VND (498 million USD).
The trading figures were up 14.4 percent in volume and 28.2 percent in value compared to the previous session, but still 15 percent and 6.3 percent lower than the record high numbers made on January 12.
Market trading was quite balanced with 258 gaining stocks, 237 declining stocks and 113 stocks closing unchanged.
Market sentiment clearly improved after stocks recorded strong growth in the previous session and “buying outweighed selling, pushing the price of many stocks,” Viet Dragon Securities Company (VDSC) said in its daily report.
Net foreign purchase was also another factor that supported market sentiment, according to VDSC. Foreign investors on January 19 posted a net buy value of 835.5 billion VND, raising their total net investment this week to 2.7 trillion VND. -VNA
Read original article here