Saturday, April 6, 2013

Vietnam's stock market rebounds to 500 points mark

Shares on Vietnam's stock market bounced back to 500 points mark during the week, though still witnessed sluggish. 

Investors became more confident when the VN-Index surpassed the important psychological landmark. However, many analysts fear that this was the result of blue chip increases that may not last because investors will soon sell for higher prices to lock in profits. 

The reasons for the rally remained vague but the continued rise of blue chips encouraged investors to take part in the equity market,Clawfoot tub faucets Vietnam news agency reported.carbon sheet 

The equity market seems to be one of a few potential markets for investors for the time being, as interest rates are lower, the real estate market remains stagnant and gold trading is restricted. 

The VN-Index of the southern Ho Chi Minh Stock Exchange (HoSE) went up 5.23 points or 1.05 percent to close at 502.58 points on Friday.tyre equipments 

During the week, VN-Index gained 11.54 point or 2.35 percent against last Friday's closing session. The index experienced three ups and two downs, posting the highest level of 509.43 points on Tuesday and the lowest level of 497.35 points on Thursday. 

Last week VN-Index ranged from 489.46 points to 493.57 points. 

A total of 48.carbon prepreg746 million shares worth 822.479 billion VND (39. 44 million U.S. dollars) changed hands at the HoSE on Friday, a decrease of 7.04 percent in volume and 21.55 percent in value against Thursday. 

VN-30 index, the new benchmark index for the HoSE which has been applied since Feb. 6, 2012 and tracks the 30 leading shares by both market capitalization and liquidity, closed at 570.2 points on Friday, up 5.81 points, or 1.03 percent against the previous trading day. A total of 18.233 million shares were traded, worth 492.Used loaders7 billion VND. 

On the country's northern bourse, Hanoi Stock Exchange, the HNX-Index concluded at 61 points, up 0.47 points, or 0.78 percent on Friday against the previous trading day's closing session.

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