Vietnam’s stock market index soared 3.51% to close at a new lifetime high on Friday as blue chips made all-around gains. The VN-Index rose 28.57 points to 817.39, beating the record of 809 set on December 20, with 67 gainers and 20 losers.
Hanoi-based infrastructure developer SJS became the first stock to cross the VND600,000 mark, hitting the 5 percent ceiling to close at VND604,000.
IT developer FPT also rose 5 percent to close at VND495,000.
Other heavyweights to gain 5 percent were REE which closed at VND326,290, GMD which closed at VND396,720, and VNM which closed at VND632,890.
Nguyen Van Dung, director of the Hanoi Securities Trading Center, added that foreign portfolio inflows into the market had jumped because of optimistic forecasts on the country’s economy and stock exchange by international financers like Merrill Lynch and Credit Suisse.
Source: Thanh Nien
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