VN-Index surpasses 400 point mark
Posted by Bao Viet Nam on July 1, 2008
The VN-Index surpassed the 400-point mark for the first time in a month to close at 409.1 on July 1.
It was also the seventh consecutive day the Ho Chi Minh City Stock Exchange (HOSE) enjoyed rally with an increase of 10.21 points or 2.56 percent.
Market analysists said it signaled investors’ stronger confidence after VinchiCapital released an optimistic report on Vietnam ’s stock market.
The capital management company reported that Vietnam ’s key macro-economic factors, such as exports, foreign direct investment, overseas remittances, industrial and agricultural production values, consumption index and tourism, continued showing high growth rates.
The HCM City Securities Trading Department reported that a total of over 9 million shares were traded for over 224.29 billion VND on July 1.
The largest national stock exchange floor saw 150 shares have their value up, four others down and three unchanged.
In the Hanoi Securities Trade Centre, the HASTC-Index increased by 2.32 points or 2.06 percent to close at 114.99.
A total of almost 17 million shares with the gross revenue of almost 1,156 billion VND were exchanged hands.
