VIETNAM EXPORT IMPOR

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End-of-day quote. End-of-day quote  - 08/07
16900VND -0.29%

MARKET COMMENT: Vietnam Shares End +0.7% On Foreign Buying

01/30/2013 | 03:16am


0800 GMT [Dow Jones] Vietnam shares finish 0.7% higher at 487.61, buoyed by foreign funds' buying in bluechips on expectations for strong inflows after the government urged the central bank to work out ways to boost commercial banks' lending to support companies this year, traders say. "Though the key index has risen nearly 18% so far this month and 30% since end-November, risk appetite remains high, especially among foreigners, because they expect the economy will recover this year, after it grew only 5% in 2012, which was the lowest growth rate in 13 years," says a trader with Vietinbank Securities. Volume is heavy, with 83.26 million shares valued at VND1.274 trillion changing hands. Among the most actively-traded stocks, Itaco (>> Tan Tao Investment Industry Corporation) ends up 6.3% at VND8,500, Licogi (>> LICOGI 16 JSC) closes 6.2% higher at VND8,600 and Eximbank (>> Vietnam Export Import Commercial JS Bank) finishes down 2.3% at VND17,000. Traders tip resistance for the key index at 492 Thursday. (phammuoi.nguyen@dowjones.com)




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