An investor watches market trading at Vietcombank Securities Company. (Photo: VNA)Hanoi (VNA) - Vietnamese shares rose for a third session on bothlocal markets on August 25, boosted by financials, energy firms and propertydevelopers.
The benchmark VN Index on the Ho ChiMinh Stock Exchange gained 0.24 percent to close at 771.63 points. It hasrallied total 1.4 percent over the last three sessions.
The HXN Index on the Hanoi StockExchange added 0.34 percent to end at 102.64 points, extending its gain for athird day with total growth of 1.8 percent.
The three-day rallies of the twoindices helped them recoup losses made in the first two sessions of the weekand end this trading week higher than the previous one.
The VN Index posted a weekly gain of0.3 percent and the HNX Index rose 1.8 percent week-on-week.
More than 287.3 million shares weretraded on both local exchanges on August 26, worth 4.2 trillion VND (186.8million USD).
The trading figures on the dayshowed increases of 6.6 percent in volume and 1.4 percent in value compared to August24.
Energy, property andbanking-financial stocks were behind the market’s gains, according tovietstock.vn.
A strong rebound of oil prices alsohelped energy stocks increase. Brent crude was up 0.6 percent to trade at 52.39a barrel USD.
According to BIDV Securities (BSC),the recent market rallies could be a short-term recovery and may not be stableas investors concentrate on trading speculative stocks such as FLC, FarosConstruction (ROS) and Dat Xanh Real Estate Services and Construction (DXG).
Meanwhile, they (investors) did notpay attention to large-cap stocks as only 35 million large-cap shares weretraded on both local bourses, equal to 12 percent of the market’s total tradingvolume, BSC said.
The Hanoi-based brokerage suggestedinvestors be cautious with those speculative stocks and delay trading until themoney flows back to large-cap stocks in coming sessions, bringing the VN Indexup to test the level of 775 points.-VNA
