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The increasingly high trading volume in recent trading sessions has attracted investors. The total transaction value of both the Hanoi and HCMC trading floors was VND5.244 trillion, an increase of 50 percent compared with the same time last year.
Reports by securities companies show that in the first three months of the year, the average trading value of the two bourses was VND4.5 trillion in each session.
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Both the Hanoi and HCMC bourses witnessed exciting trading sessions last week with the VN Index of the HCMC Stock Exchange climbing to 722.14 points at the closing session, while the HNX Index of the Hanoi Stock Exchange rose to 91.37 points. |
While other investment channels were quiet, the stock market is bustling. Phan Dung Khanh, consultancy director of Maybank Kim Eng Securities, commented that the amount of money and liquidity in the stock market last week was the highest in history.
Two weeks before that, the volume of shares put into transactions for the first time in history exceeded the 1-billion-unit threshold.
Khanh said investors have poured more money into the market because the international stock markets, especially the US market, have witnessed impressive rises since the day Donald Trump won the US presidency.
Meanwhile, they have been impressed by the appearance ovaluable shares on the bourse such as SAB, NVL, HVN and VJC.
Le Vuong Hung from Rong Viet Securities, said the VN Index has repeatedly climbed to new peaks of 680 points and 720 points recently, creating more interest from nvestors.
The investors are also encouraged by the fact that foreign investors, after a period of selling more than buying in late 2016 and early 2017, now tend to buy more shares.
According to Hung, foreign investors’ net purchases were over VND1 trillion last week.
Analysts once warned that the US FED’s move to raise the prime interest rate may affect the US and the global stock markets. However, this has not happened.
Vietnamese investors see positive signs in the US stock market since the new US president took the office. Meanwhile, the business performance of listed companies is encouraging.
Hung said securities derivatives would be launched in the market in some months. Vietnam is making every effort to improve the stock market to obtain international recognition to move from a frontier to emerging market. The changes would make the Vietnamese market even more attractive.
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