VN-Index closes near 550

The Vietnam’s benchmark VN-Index advanced on May 4 as the long holidays failed to interrupt upwards momentum on the country’s stock markets.

VN-Index, which tracks 226 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, gained 1.24 percent, or 6.75 points, to finish at 549.12 points. Liquidity on the city bourse was extremely high as trading volume topped a seven month high with more than 89.16 million shares, worth VND3.1 trillion, being traded.

Among the index members, 159 rose, 42 fell, and 29 remained unchanged.

Big gainers included Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC), DIC Investment and Trading Joint Stock Company (DIC), Do Thanh Technology Corporation (DTT), and Ha Noi P&T Construction & Installation Joint Stock Company (HAS). They all rose by the daily maximum allowed limit of 5 percent.

From May 4 to July 4, Cap Thanh Long, brother of Cap Thanh Dung, deputy director of Gia Lai Cane Sugar Thermoelectricity JSC, registered to sell 50,000 shares, sending his holdings to 33,000 shares.

Domesco Medical Import Export Joint Stock Corporation (DMC) added up 4.99 percent to trade at VND48,400.

The Hanoi-based construction company Ocean Group JSC (OGC) won the position of the most active stock in volume with more than 8 million shares, followed by Saigon Commercial Bank or Sacombank (STB) with 7.55 million shares. Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) came next with 3.92 million shares.

H.A.I Joint Stock Company (HAI) lost the daily maximum allowed 5 percent limit to trade at VND39,900 from VND42,000.

Royal International Corporation (RIC) fell by 4.86 percent to VND33,300. The company’s shareholders meeting on April 17 approved this year business plan to achieve total revenue of VND319.35 billion, and net profit of VND79.424 billion.

Vinpearlland Tourism Joint Stock Company (VPL) slid 4.63 percent to VND51,500.

The Hanoi’s HNX-Index finished at 184.31 points, gaining 4.62 points, or 2.57 percent. Trading volume reached 44.5 million shares, worth VND1.64 trillion.

The UPCoM-Index rose 1.44 points to 48.51. A total of 216,623 shares changed hands at VND3 billion.

By Thuong Nhan

Other news