Ha Noi (VNA) – Foreign investors bought about 1.4 million shares and fund certificates by the end of the Nov. 16 trading session, bringing their purchase for the week to a record volume of more than 11.6 million over the last month.
As a result, foreign investors poured more than 1.25 trillion VND into the market, marking the third consecutive week that they spent more than 1 trillion VND on stock purchase, despite the VN-Index’s declines over recent days.
According to Tran Quoc Trieu of the Sai Gon Securities Company, foreign investors’ buying can push VN-Index up if the trend continues for several weeks to come.
Viet Nam’s stock market also received a boon with the World Bank’s latest report which said there is less a risk of collapse for the market with its rapid growth over the past two years.-Enditem
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