Aggressive bid at the ATC (at the close) session lifted the market from the negative territory after investors heard that the Prime Minister told the central bank to make necessary amendments to the Circular 13 which were opposed by many commercial banks, a stock expert said. "The circular is one of key factors that squeeze the market liquidity," he added.
Stocks on the Hochiminh Stock Exchange (HOSE) unexpectedly rallied on Friday, picking up the VN-Index benchmark for the first week in fives, as investors rushed to buy late day on unofficial information that some amendments will be made to market-squeezing regulations.
The VN-Index, the measure of 253 stocks and five closed-end funds, added 2.61 points, or 0.58%, to end at 454.84.The benchmark inched up 0.46% this week, the firsts rise in five.
The gauge has declined 17.22% from the yearly high and 8% so far this year, according to data compiled by FPT Securities, which manages this website.
The market breadth was neutral on the Hochiminh Stock Exchange where 103 stocks advanced, 100 declined and 55 closed unchanged.
The market liquidity rose 8% from a day earlier to 34.2 million shares and fund units valued at VND909 billion.
Foreigners bought net VND45.3 billion of Vietnamese shares today as they purchased 3.5 million shares at VND123.5 billion and sold nearly 1 million units for VND78.2 billion.
Sacombank (STB), the fourth largest listed lender, was the most active stock on a trade of 2.65 million shares, which sank 0.63% to VND15,900.
Refrigeration Electrical Engineering Corporation (REE), coming second in liquidity with 1.21 million units, rallied 2.4% to end at VND17,100.
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH) gained 2.54% to end at VND12,100 on a trade of 1.1 million units, becoming the third most active issue.
TRI was the biggest gainer, climbing to a daily limit of 5% to end at VND8,400. SBS was still the biggest loser, sliding 4.87% to close at VND25,400.
Source: fpts.com.vn