Stocks edge up on investors’ optimism

The Vietnam’s benchmark VN-Index recovered on May 6 as investors were confident after the correction yesterday.

The shares of 226 companies and four mutual funds on the Ho Chi Minh Stock Exchange gained 0.27 percent, or 1.5 points, to 549.51 points. Trading volume severely slid over the last two sessions, however, remained around 81.3 million shares, worth VND2.76 trillion.

On the index, 129 stocks advanced, 65 fell, and 36 remained flat.

Gainers on the city bourse included Mekong Fisheries Joint Stock Company (AAM), CMC Corporation (CMG), Cuong Thuan Investment Corporation (CTI), and Hapaco Group Joint Stock Company (HAP). They all edged up by the daily maximum allowed limit of 5 percent to VND37,800, VND29,400, VND35,700, and VND23,100 respectively.

Vien Dong Investment Development Trading Corporation (VID) topped the list of the most active stock in volume with 2.85 million shares, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.94 million shares. Tien Len Steel Corporation Joint - Stock Company (TLH) was next with 1.9 million shares.

Savimex Corporation (SAV) and Thien Nam Trading Import Export Corporation (TNA) dropped 4.86 percent to VND35,200, and 41,100 respectively.

Ngo Han Joint Stock Company (NHW) fell 4.26 percent to trade at VND22,500.

The Hanoi’s HNX-Index added up 4.01 points to 187.22. Trading volume was over 57.3 million shares, worth more than VND2.1 trillion.

The UPCoM-Index rose by 1.25 points to 51.55. A total of 568,266 shares was traded at VND9.56 billion.

By Da Nguyet

Other news