VN-Index closes full-week higher

Vietnam’s benchmark VN-Index climbed for five consecutive trading sessions, closing full week higher at a ten-week high on February 3 as large-cap stocks gained ground although investors sold shares to lock in gains.

While local investors dumped shares heavily to take profits, foreign investors unexpectedly combed shares with total volume reaching tens of million shares.

The gauge which tracks 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange inched up 0.03 per cent, or 0.13 points, to close at 401.74 points, the highest since November 10, 2011.

The gauge advanced 7.7 per cent this week, widening this year’s gain to 14.3 per cent.

There were 84 winners, 151 losers, while 71 stocks remained unchanged on the benchmark.

Trading on the city bourse rose by 56 per cent in volume and 35 per cent in value as around 68.55 million shares changed hands at a total value of VND967 billion.

The fifth largest listed lender Military Joint Stock Commercial Bank (MBB) was the most active share in volume with 4.1 million shares changing hands.

Tan Tao Investment & Technology Joint Stock Company (ITA) tagged along with 3.3 million shares traded.

Ho Chi Minh City-based Refrigeration Electrical Engineering Corporation (REE) was the third most active share with 2.86 million shares.

Saigon Beverages Joint Stock Company (TRI) recovered 5.56 per cent to close at VND1,900.

Tay Bac Minerals Investment Joint Stock Company (KTB) advanced the third day, accelerating 4.95 per cent to finish at VND10,600.

Foodstuff producer Kinh Do Corporation (KDC) mounted 4.78 per cent to close at VND32,900.

Binh Duong Mineral & Construction Joint Stock Company (KSB) slashed 37.78 per cent to close at VND24,700. The company will issue 7.3 million bonus shares to its current shareholders at a ratio of 1:0.68. After the issuance, the company’s chartered capital will rise to VND180 billion.

Viky Plastic Joint Stock Company (VKP) chopped 12.5 per cent to close at VND700.

Basa Joint Stock Company (BAS) weakened 8.33 per cent to close at VND1,100.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north slumped 1.15 per cent, or 0.72 points, to close at 61.85 points. Around 57.47 million shares changed hands at a total value of VND441.17 billion.

The UPCoM-Index of unlisted shares enhanced 0.41 per cent, or 0.14 points, to 34.64 points at 11:30am local time. A total of 152,680 shares were traded at VND606 million.

By Thuy Doan

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.