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Jun 1, 2011

Ho Chi Minh Stock Exchange jumps 3.4 percent

VNStockNews.com - The Ho Chi Minh Stock Exchange index gained 3.4 percent to close at 435.69 points on Wednesday. Volume of shares traded: 33.94 million shares. Value of shares traded: 580.86 billion dong.


Quach Manh Hao, deputy director, Thang Long Securities:

"Stocks rose sharply after many returned to buy on belief pressures from margin calls ended. Market sentiment improved much. However, selling pressures are likely to weigh on in near term."

Pham Linh, general director, VISecurities Co:

"Stocks extended gains after part of institutions and foreign investors bought more blue chips on the markets, which helped improve the sentiment very much."

"What many retail traders care now is about liquidity. I see no fresh cash inflows. The current rally seems to be unstable."

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