VN-Index closes week high on improved liquidity

Movements of VN-Index on September 17. (Photo: vietstock.vn)
Vietnam’s benchmark VN-Index, a measure of 255 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, jumped on September 17, putting an end to recent low-liquidity trading sessions.

The index finished at 457.58 points, bouncing 8.06 points, or 1.79 percent, the strongest rally since the beginning of this month.

Trading volume climbed to the highest level in a week as around 49.7 million shares changed hands at VND1.28 trillion, of which foreign investors contributed 5.76 million shares.

On the index, 212 stocks increased, 20 declined, while 28 stayed the same as the previous day.

Ocean Group Joint Stock Company (OGC) continued to be the most active share in volume with 4.04 million shares traded.

Saigon Securities Inc. (SSI) ranked second with 1.81 million shares changing hands. It was followed by Investment and Trading of Real Estate Joint Stock Company (ITC) with 1.34 million shares.

Gainers on the city bourse included Binh Thanh Import Export Production and Trade Joint Stock Company (GIL), Investment and Trading of Real Estate Joint Stock Company (ITC), Long An Food Processing Export Joint Stock Company (LAF), and Viet Nam – Italy Steel Joint Stock Company (VIS). They all sprang up the daily maximum allowed limit of 5 percent.

Binh Thanh Import Export Production and Trade Joint Stock Company (GIL) announced that it would advance dividends for this year at a ratio of 15 percent on October 18. The payment is funded from undistributed profits.

From September 14 to November 15, PXP Vietnam Fund Limited, a major shareholder of GIL, registered to sell 50,000 shares, sending its holdings to 637,500 shares, restructuring its investment category.

Tay Ninh Rubber Joint Stock Company (TRC), which lost 4.24 percent to VND56,500, led the losers on the city bourse today.

Camau Trading Joint Stock Company (CMV) fell 3.51 percent to trade at VND27,500.

Royal International Corporation (RIC) retreated 2.6 percent to VND15,000.

The smaller bourse in the north performed better than the one in the south. The Hanoi-based HNX-Index went up 3.47 percent, or 4.45 points, to 132.85 points. Around 51.8 million shares changed hands at an approximate value VND1.25 trillion.

The UPCoM-Index surged 0.24 points to 48.51. Around VND11.7 billion were spent on 0.68 million shares as of 11:10 am local time.

By Da Nguyet

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