Good news from forex market lifts indexes

15:19 | 21/10/2010
Hanoi - Positive news on the foreign exchange market allowed the VN-Index to increase by 0.65 per cent on October 21, closing at 445.05 points.

Media reports that were published in late October 20 said the State Bank was considering injecting US dollars into commercial banks to help stabilise the foreign exchange market and meet export demand.

The Dow Jones rallied October 20 after news spread that the US Fed is considering issuing more stimulus funds.

Blue chips rallied, including Bao Viet Holdings (BVH), up 2 per cent; Hoang Anh Gia Lai (HAG), 1 per cent; Kinh Bac Corp (KBC), 0.4 per cent each; and Phu My Fertiliser (DPM), 0.3 per cent.

Banking stocks closed on a positive note, with Vietcombank (VCB), Sacombank (STB) and Eximbank (EIB) rising 0.1 per cent each, while VietinBank (CTG) closed unchanged.

The number of listed stocks matching their ceiling prices rose to 8 from 1 on October 20.

The trading volume on the southern bourse fell to 21.9 million shares for a value of VND514 billion (US$26.4 million).

The HNX-Index on the Hanoi Stock Exchange bounced back 0.24 per cent to close at 112.55 points.

About 142 of the 317 listed stocks on the northern market rose while 131 other declined.

More than 24.8 million shares changed hands during the session, posting a value of VND488.9 billion ($25.1 million).

VNS

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