VN-Index gains fourth day

Vietnam’s benchmark VN-Index inched up slightly on April 10 as SAM soared sharply while most of the other blue-chip stocks declined.

Shares of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange increased 0.03 per cent, or 0.12 points, to close at 450.85 points, with 132 gainers, 108 losers, and 69 stocks remaining unchanged.

Trading on the city bourse improved by 31.72 per cent in volume, and 41.71 per cent in value over the previous trading session as 87.73 million shares changed hands at a total value of VND1.31 trillion.

Refrigeration Electrical Engineering Corporation (REE) was the most active share in volume with 5.6 million shares changing hands.

Sacom Development & Investment Corporation (SAM) followed with 4.11 million shares.

Military Commercial Joint Stock Bank (MBB) came next with 3.96 million shares traded.

Bourbon Tay Ninh Joint Stock Company (SBT), Sao Vang Rubber Joint Stock Company (SRC), and Saigon Machinery Spare Parts Joint Stock Company (SMA) jumped 5 per cent to close at VND16,800, VND10,500, and VND6,300 respectively.

Telecommunication Industry Electronics Joint Stock Company (TIE) salvaged 4.95 per cent to close at VND10,600.

Sea & Air Freight International (SFI) rallied 4.94 per cent to close at VND17,000.

Tan Tao Investment & Technology Joint Stock Company (ITA) sank 19.64 per cent to close at VND9,000. The company will pay dividends to its current shareholders by shares at a ratio of 10 per cent and reward bonus shares at a ratio of 20 per cent.

Electronics Communications Technology Investment Development Corporation (ELC) capped its seven-day winning streak, giving up 16.07 per cent to close at VND28,200.

Phu Tai Joint Stock Company (PTB) nosedived 15.49 per cent to close at VND12,000. The company will pay dividends to its current shareholders in cash at a ratio of 20 per cent on April 26.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – advanced 1.76 points, or 0.34 per cent, to end at 517.4. Among its 30 members, 17 stocks advanced, 11 retreated and 2 remained unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north slumped 1.14 per cent, or 0.87 points, to close at 75.41 points, with 94 winners, 152 losers, and 80 stocks treading water. More than 87.68 million shares changed hands at a total value of VND868.39 billion.

The UPCoM-Index of unlisted shares hiked 0.37 per cent, or 0.13 points, to close at 34.85 points. A total of 3,179,025 shares changed hands at VND13 billion.

By Thuy Doan

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