Surging orders force HoSE to suspend afternoon session
The market liquidity at HoSE this morning session exceeded VND21.7 trillion (US$944.8 million), triggering the system alarm.
The market liquidity at HoSE this morning session exceeded VND21.7 trillion (US$944.8 million), triggering the system alarm.
Local investors continued to dominate the market as their foreign peers remained net-sellers for the 10th consecutive trading session.
The rising of domestic capital flow would boost the local market's resilience against external shock and ensure sustainable growth.
Strong business results were thanks to sound performance in fields of real estate, natural resources, chemicals and services.
With a net inflow of US$370 million from exchange-traded funds (ETFs) in April, Vietnam for the first time topped the Chinese market (US$319 million) as a favorable destination for investment fund.
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market.
The participation individual investors and margin expansion in upcoming times from share issuance of securities firms are serving as key driving forces to boost market growth.
The benchmark Vn-Index rose 4.1% in April and is up 12.4% year-to-date, outperforming the global emerging markets (GEMs), the Asia ex-Japan, and frontier market indices.
Positive sentiment among investors led to the expansion of three consecutive trading sessions by 20 points before the break, leading to the Vn-Index standing at nearly 1,240 on April 29.
The central bank would continue to monitor the economic performance to adjust monetary policy accordingly, with the aim of keeping the inflation rate around 4% for this year.