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Vietnam's bourse continues to be bullish

Xinhua, July 10, 2015 Adjust font size:

The Vietnam Stock Index or VN-Index, a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, has reached 630 points, mainly due to a price surge in insurance shares.

VN-Index closed at 630.27 points on Tuesday. Besides insurance shares, other blue chips and some large-cap stocks like bank, securities, real estates, gas and oil stocks also contributed to the bullish market.

The VN-Index closed at 627.28 points on Friday, up 5.18 points, or 0.83 percent, from the previous trading day's close. From the previous week's close, the index won 10.85 points, or 1.76 percent.

During the week, the index experienced three ups and two downs, posting the highest level of 630.27 points on Tuesday, and the lowest level of 622.1 points on Thursday. In comparison, it ranged between 591.5 points and 616.43 points the previous week.

About 216.869 million shares worth 3.475 trillion VND (160.35 million U.S. dollars) changed hands on the HCM City Stock Exchange (HoSE) on Friday, an increase of 46.34 percent in volume and 22.41 percent in value as against Thursday

In the third quarter, the index is expected to reach 640 points, the highest threshold in 2014, said analysts from Maybank KimEng Securities Company. Endi