Stocks Rally

9:42:51 AM | 9/26/2007

The stock market welcomed the return of investors, with increasing presence on trading floors. The excessive buy pushed many stocks to close at ceiling prices. The greens have returned on stock quotes indictors where there lie expectations of investors.
 
HOSE: Consecutive gains
The rallying tend kept going on in the first trading day of the week on September 17 when many blue-chips increased prices, including KDC, PVD, IMP, BMP, SAM, VNM and PPC. The VN-Index rose the fourth session in a row to close at 934.74 points, an increase of 4.28 points, or 0.46 per cent.
 
On September 18, although most stock codes reduced in price in all three trading sessions, the VN-Index still gained the fifth straight session, primarily thanks to the soar in prices of SBT shares (Sacombank). The VN-Index increased 0.43 points, or 0.05 per cent, to close at 935.17 points. Thus, the VN-Index stood above the 900-point benchmark for the 17th trading day in a row. The total trading volume in the day reached 6.78 million units valued VND512 billion.
 
The Vietnamese stock market made spectacular jump of 11.05 points to close at 946.22 points on September 19. The stock quotes indictors show 73 stocks in green (rise), 27 stocks in yellow (unchanged) and 16 stocks in red (fall). The total trading volume reached 7.468 million unit, up 10.22 per cent, valued at VND641.25 billion. Especially, the newcomer VIC of Vincom JSC started at VND119,000 per share but closed at VND125,000 per share, with a total 307,840 shares changed hands.
 
On September 20, the trading volume recorded at 10.76 million shares, including nearly 800,000 shares of newcomer Vincom JSC (VIC). The VN-Index rose 17.39 points to close at 963.61 points.