n Ho Chi Minh City, the VN-Index gained 18.36 points to close at 923.89. Hanoi’s HASTC-Index rose by 13.28 points to 332.79.
Turnover in HCMC was VND578 billion (US$36 million), over 25% higher than the previous session.
There were 100 gainers and only two losers out of the total 109 stocks.
While many blue chips gained strongly, analysts said the market was dragged down by two heavyweights, VSH and FPT, which respectively remained unchanged and lost 2%.
They attributed the smart recovery to good news coming in about the economy.
The Central Institute of Economic Management has forecast that the economy will expand by 8.5% this year; the government has said Vietnam is likely to attract foreign investment worth $35 billion this year.
The mutual funds, PRUBF1 and VFMVF1, both gained 1.5% to close at VND13,900 and VND33,400.
Foreign investors were net buyers, snapping up shares of blue chips like VNM, GMD, PVD,VSH, and PPC for VND153 billion.
The bourse reopens after the holidays on May 2.
Source: Thanh Nien
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