Blue-chip stocks buoy market

Vietnam’s benchmark VN-Index recovered marginally on March 28 as blue-chip stocks rebounded after a sharp loss the previous day.

The measure of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange restored 0.09 per cent, or 0.4 points, to close at 446.32 points, with 116 gainers, 123 losers, and 71 stocks remaining unchanged.

Trading on the city bourse dropped by 32 per cent in volume, and 13 per cent in value over the previous trading session as 82.02 million shares changed hands at a total value of VND1.4 trillion.

Sacombank Securities Joint Stock Company (SBS) continued to be the most active share in volume with 7.2 million shares changing hands.

Military Commercial Joint Stock Bank (MBB) was the runner-up with 3.28 million shares.

Ninh Van Bay Travel Real Estate Joint Stock Company (NVT) chased after with 2.56 million shares traded.

Bien Hoa Sugar Joint Stock Company (BHS) and Post & Telecommunications Investment and Construction Joint Stock Company (PTC) both climbed 5 per cent to close at VND18,900 and VND10,500 respectively.

Bibica Corporation (BBC) surged the fourth straight day, winning 4.97 per cent to close at VND16,900.

Viet An Joint Stock Company (AVF) grew 4.9 per cent to close at VND10,700.

Viet Nhat Medical Instrument Joint Stock Company (JVC), Tay Bac Minerals Investment Joint Stock Company (KTB), and Minh Phu Seafood Corporation (MPC) collapsed 5 per cent to close at VND28,500, VND9,500 and VND28,500 respectively.

Khang Dien Investment & Trading House Joint Stock Company (KDH) marched south at the third trading session, giving up 4.93 per cent to close at VND19,300.

Vietnam Golf Tourism Joint Stock Company (VNG) curbed its eight-day winning streak, correcting 4.92 per cent to close at VND5,800.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – regained 2.13 points, or 0.42 per cent, to end at 502.41. Among its 30 members, 20 stocks climbed, 7 retreated and 3 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north retrieved 0.77 per cent, or 0.58 points, to close at 75.53 points, with 167 winners, 90 losers, and 75 stocks treading water. More than 104.96 million shares changed hands at a total value of VND947.55 billion.

Meanwhile, the UPCoM-Index of unlisted shares slashed 0.11 per cent, or 0.04 points, to close at 35.08 points. A total of 420,480 shares changed hands at VND2.99 billion.

By Thuy Doan

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