Stocks wrap week on bright note

Vietnam’s benchmark VN-Index rebounded strongly on March 23 to close week on bright note as most other blue-chip stocks rallied.

Shares of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange shot up 1.89 per cent, or 8.43 points, to close at 454.1 points.

Among the index members, 194 climbed, 66 retreated, while 50 stocks remained unchanged.

Trading volume on the city bourse improved slightly over the previous trading session as 88.12 million shares changed hands at a total value of VND1.21 trillion.

Military Commercial Joint Stock Bank (MBB) led the list of most active shares in volume with 6.88 million shares changing hands.

Sacom Development & Investment Corporation (SAM) was the runner-up with 4.03 million shares.

Saigon Securities Inc. (SSI) tailed after with 2.6 million shares traded.

Big gainers on the city bourse included Domesco Medical Import Export Joint Stock Corporation (DMC), MT Gas Joint Stock Company (MTG), and Sacom Development & Investment Corporation (SAM).

Rang Dong Light Source and Vacuum Flask Joint Stock Company (RAL) capped its ten-day winning streak, closing at 4.99 per cent to close at VND36,200.

Binh Duong Mineral & Construction Joint Stock Company (KSB) and Lam Son Sugar Joint Stock Corporation (LSS) both reduced 4.89 per cent to close at VND25,300 and VND29,200 respectively.

Tien Giang Investment and Construction Joint Stock Company (THG) declined the second day, losing 4.81 per cent to close at VND9,900.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – surged 7.3 points, or 1.44 per cent, to end at 512.84. Among its 30 members, 19 stocks climbed, 7 retreated and 4 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north escalated 1.92 per cent, or 1.46 points, to close at 77.57 points with 258 winners, 48 losers, and 40 stocks treaded water. More than 117.58 million shares changed hands at a total value of VND1.18 trillion.

Meanwhile, the UPCoM-Index of unlisted shares edged up 0.52 per cent, or 0.18 points, to close at 35.11 points. A total of 1,838,150 shares changed hands at VND76.69 billion.

By Thuy Doan

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