Market rebounds back in style

The nation’s consumer price index (CPI) for April grew 3.32 per cent, reported the General Statistic Office of Vietnam. The index has risen 9.64 per cent against December 2010.

Despite the CPI figure, the benchmark VN-Index soared 9.17 points or 2.01 per cent to 465.62 points. The HNX-Index increased also to 85.27 points, up 1.35 points or 1.61 per cent.

Bao Viet Holding (BVH) and Masan Group (MSN) led the gainers.

A mass of blue-chips hit the ceiling, among them FPT Corp. (FPT), Saigon Securities Inc. (SSI), PetroVietnam Finance (PVF) and Tan Tao Investment Corp. (ITA).

Small-cap and mid-cap stocks largely climbed after the rise.

Up to 81 stocks hit the ceiling on the southern bourse today. Some 214 stocks advanced, compared with 31 declining.

Trading volumes increased to 26.26 million shares on the southern bourse thanks to a large amount of put-through volume. Match volumes were up slightly. Values hit VND562 billion ($27.15 million).

On the Hanoi Stock Exchange, investors rushed to buy-in securities company shares massively despite stocks’ Q1 loss results.

Among them, Bao Viet Securities (BVS), Kim Long Securities (KLS) and AuViet Securities (AVS) all ran out of bid orders in this session. Nearly 3.4 million KLS shares and more than 2.4 million VnDirect Securities (VND) shares changed hands.

Real-estate shares strongly jumped, with Saigon Commercial Real Estate (SCR) adding 4.58 per cent, Vietnam Construction and Import-Export JSC (VCG) 6.48 per cent.

Whereas, Habubank (HBB) slightly gained 1.12 per cent, while Asia Commercial Bank (ACB) was off 1.8 per cent.

At the close, 239 stocks advanced on the northern bourse while 52 declining and 92 ended flat.