Index gets boost ahead of holiday

Hanoi (VNA) - The VN-Index managed to post a gain in April 28's session, picking up 0.64 percent to end the day at 315.71, with advancers outnumbering decliners by 109 to 35.

Market volume rose slightly, to 21.2 million shares worth 526.3 billion VND (29.6
million USD), compared to April 27's volume of 20.7 million. Foreign investors
helped drive up volume, as they accounted for 2.8 million transactions and a net buy
of 1.2 million shares.

Sacombank returned to its familiar position as the most heavily-traded share, with
nearly 3 million shares changing hands, representing 14 percent of total market
volume.

"Investors are trying to buy ahead of the holidays," said Hoang Thuy Quan, a
broker at a Hanoi-based securities firm, who added that buy orders were
concentrated mostly in stocks of firms that had reported strong first-quarter
earnings.

"However, he noted, the domestic market had also begun tracking regional markets,
in which the outbreak of swine flu had caused a slump in aviation shares and a
rebound in healthcare stocks.

In Hanoi , the HASTC-Index on April 28 bounced back by 2.41 percent to end the
session at 111.95 points. About 13.3 million shares were traded, generating a
value of 305.1 billion VND (17.1 million USD). Asia Commercial Bank (ACB) and Kim
Long Securities (KLS) led trading with 2.2 million shares each.-Enditem