VN-Index exceeds 800 points

Contrary to the gloomy situation in the first month last year, the Ho Chi Minh City stock exchange rebounded last week, with VN-Index level exceeding 800 points.

During Jan. 5 trading session, VN-Index climbed up to 816 points, with 8.7 million shares and fund certificates, worth 927 billion VND, being traded at the Ho Chi Minh City Securities Trading Centre.

This was the second time VN-Index level exceeds 800 points, following a sharp drop for two weeks of nearly 70 points, from 810 late last year.

Experts attributed VN-Index's bounce to listed companies' commencement to pay dividend and their plans to issue more shares. They added, information that foreign investors will be allowed to buy shares in some business areas in the first quarter of this year was particularly the major reason behind the rebound.

On Jan. 5, foreign investors purchased 3.3 million shares and fund certificates, worth 555 billion VND, at the Ho Chi Minh City stock exchange.

The same day, HASTC-Index increased 10 percent to nearly 266 points at the Ha Noi Securities Trading Centre.

Source: Vietnam Agency