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Inflation threat over, indices rise   2010-11-25 - VNS

Concerns over high inflation appeared to have settled down in the Vietnamese stock markets today.

In HCM City, the VN-Index rose for the third day by 1.24 per cent to finish on 439.85 points.

Trading volume increased to 34.2 million shares from 30.3 million on Wednesday, worth VND691.3 billion (US$32.9 million).

The number of advancers more than doubled that of Wednesday to 231 stocks of which around 80 hit their the ceiling prices.

They included Sao Mai Construction (ASM), up VND2,500 to VND59,000; Dinh Vu Port Investment & Development (DVP), up VND1,600 to VND35,300; Binh Thuan Hamico Mineral (KSA), up VND2,000 to VND43,300 and Masan Group (MSN), up VND3,000 to VND65,000.

Of the 37 decliners, only Viet An Co (AVF) fell to its floor price, dropping VND1,300.

Blue chips continued to perform strongly, with all banking stocks [STB, EIB, VCB and CTG] and finance stocks [MSN, SSI, PVF…] rising significantly.

In Ha Noi, the HNX-Index soared 3.08 per cent to 102.07 points.

Volume was 18.7 per cent higher than HCM City with 40.6 million shares, worth VND672.7 billion ($32 million) exchanged.

Advancers outperformed decliners by 268 to 46.

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