Vietnam’s stock market today started a new trading session with much supporting information from the macro economy.
The first information that must be mentioned is the State Bank of Vietnam (SBV)’s decision on reducing the statutory reserve ratio (SRR) for five credit institutions. This partly released the current tension of banks and limited the race to raise the interest rate.
According to the Remittance Management Department under SBV, in 2010, the total inward remittance to Vietnam may reach $8 billion, contributing significantly to the improvement of US dollar supply for baking system.
Closing the last trading session this week, the index of Hochiminh Stock Exchange (STC) gained another 12.61 points or 2.74 percent to 473.06 pts.
Similarly, the HNX Index also bounced 4.26 points or 3.8 percent to end at 116.39 pts.
At the time of closing, the southern bourse saw 233 shares increasing and only 29 decreasing while the figures on the northern bourse are 306 and 29 respectively.
On STC, the total trading volume jumped to over 94.1 million shares valued at over 3.369 trillion dong, up nearly 56 percent in volume and nearly 150 percent in value from the previous session.
On HNX, the total market traded posted at nearly 60.2 million shares for nearly 1.168 trillion dong, decreasing slightly from the previous session.