Stocks gain ground

Vietnam’s benchmark VN-Index rebounded to open week in light note on April 16 as stocks recovered on upbeat sentiment.

Shares of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange revived 1.24 per cent, or 5.74 points, to close at 468.26 points, with 228 gainers, 44 losers, and 38 stocks remaining unchanged.

Trading on the city bourse fell by 26.5 per cent in volume, and 24.6 per cent in value over the previous trading session as 89.69 million shares changed hands at a total value of VND1.35 trillion.

Tan Tao Investment & Technology Joint Stock Company (ITA) was most active share in volume with 3.76 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 3.53 million shares.

Sacombank Securities Joint Stock Company (SBS) came third with 3.28 million shares traded.

Big gainers on the city bourse today included Bac Giang Exploitable Mineral Joint Stock Company (BGM), Bien Hoa Sugar Joint Stock Company (BHS), PVC Petro Capital & Infrastructure Investment Joint Stock Company (PTL), Investment and Trading of Real Estate Joint Stock Company (ITC), and Dream House Investment Corporation (DRH).
Water Supply Sewerage Construction & Investment Joint Stock Company (VSI) retreated the third trading session, giving up 5 per cent to close at VND7,600.

Saigon Fuel Joint Stock Company (SFC) lost 4.91 per cent to close at VND21,300.

Domesco Medical Import Export Joint Stock Corporation (DMC) and Hydro Power Joint Stock Company – Power No.3 (DRL) both collapsed 4.86 per cent to close at VND33,300 and VND17,600 respectively.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – resurrected 6.87 points, or 1.29 per cent, to end at 539.17. Among its 30 members, 25 stocks advanced, 4 retreated and 1 remained unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north reclaimed 2.54 per cent, or 1.99 points, to close at 80.37 points, with 256 winners, 45 losers, and 46 stocks treading water. More than 91.32 million shares changed hands at a total value of more than VND1 trillion.

The UPCoM-Index of unlisted shares edged up 0.43 per cent, or 0.15 points, to close at 34.92 points. A total of 249,000 shares changed hands at VND1.77 billion.

By Thuy Doan

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