Foreign investors continue to buy on bourses

14/09/2007 -- 9:50 PM

HCM City (VNA)- Although the VN-Index from Sept. 10-14 dropped by 3.7 points compared to the previous week, the Ho Chi Minh City bourse saw foreign investors buy more than what they sold out. The week closed with 3.4 million shares and fund certificates worth 364.5 billion VND sold to foreign investors, who in return sold just 1.7 million shares worth 171.4 billion VND. The amount of shares bought by foreign investors and their value however was half as much as what was traded during the previous week. At the Ha Noi bourse, foreign investors bought 530,700 shares at a cost of 61.3 billion VND, doubling last week’s amount. Shares of the Corporation of Financing and Promoting Technology (FPT) continued to be the top choice for investors from abroad, followed by shares of the Pha Lai Thermal-Power (PPC) and the Viet Nam Milk (VNM). Trinh Viet Cuong, Senior Advisor from Japan’s Okasan Securities Company, said “The VN-Index is flunctuaing at around 900 points, is a good buy for investors. But many foreign investors have shown signs that they think lower prices may still be on the horison.”--Enditem
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