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Foreign investors double investment in stock markets
25 | 09 | 2007
Viet Nam’s stock markets are showing signs of recovery, with foreign investors leading the way by doubling their investments into the exchanges this week.
The VN-Index increased by 28.21 points from the previous week to close at 958.67.

During the week, foreign investors poured around 800 billion VND into nearly 7 million shares and fund certificates while offloading 2.1 million shares and fund certificates, valued at 184.2 billion VND.

Tran Quoc Trieu, deputy head of the Brokerage for Foreign Service Department of the Saigon Securities Incorporation (SSI) said that foreign investors’ demand remained strong.

Senior advisor from Japan’s Okasan Securities Company Trinh Viet Cuong attributed foreign investors’ purchases to the upcoming release of third-quarter reports of listed companies.

The most sought stocks included the Vincom Joint Stock Company, which is considering investing in two prime lots of land in Ho Chi Minh City.

Source: VNA

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