Vietnamese stocks jumped for the 10th straight day Tuesday. Analysts attributing it to investors’ speculation in blue chips.
The VN-Index gained 36.45 points, or 3.9%, to close at 983.6. There were 65 gainers and 30 losers.
The analysts said the 1,000-point mark could be breached in the next session.
Trading volumes jumped by 12.4 percent to 6.93 million shares. Turnover rose by 16%t to 829 billion VND (51.6mio US$).
Investors were reportedly interested in heavyweights ahead of their final quarter results.
Two-thirds of the 65 gainers hit the price ceiling of 5%, including several blue chips.
IT company FPT led the list, gaining 27,000 VND to 578,000 VND, and petroleum technical services PVD rose by 12,000 VND to 256,000 VND.
But analysts warned of high risks due to a lack of transparency, information, and professional management.
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