VN-Index gains on large-cap stocks

Vietnam’s benchmark VN-Index suddenly rebounded to close week on a light note on November 25 as some blue-chip and penny stocks rocketed.

The gauge of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange reclaimed 0.41 percent, or 1.57 points, to close at 383.35 points.

On the benchmark, 105 stocks gained, 108 lost, while 93 remained unchanged.

Trading volume on the city bourse was fairly low as around 27.4 million shares changed hands at a total value of VND406 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) was the most active share in volume for eight consecutive trading sessions with 2.32 million shares changing hands.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) followed with 721,800 shares traded.

IDICO - Petroleum Trading Construction Investment Joint Stock Company (PXL) chased with 669,620 shares.

The cheapest stock on the southern trading floor, Viky Plastic Joint Stock Company (VKP), sprang 16.67 percent to VND700.

Basa Joint Stock Company (BAS) emerged 6.67 percent to finish at VND1,600.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) grew 5.88 percent to close at VND1,800.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) and South Vietnam Container Shipping Joint Stock Company (VSG) both stumbled 5.26 percent to close at VND1,800.

Vietnam Electricity Construction Joint Stock Corporation (VNE) and Electronics Communications Technology Investment Development Corporation (ELC) pared 5 percent to close at VND3,800, and VND24,700 respectively.

Long Hau Corporation (LHG) reduced 4.95 percent to close at VND26,900.

The Hanoi HNX-Index of the smaller bourse in the north dipped 0.2 percent, or 0.12 points, to wrap week at 61.15 points. Around 19.2 million shares changed hands at a value of VND177.3 billion.

Meanwhile, the UPCoM-Index of unlisted shares was at 30.33 points at 1:45 pm Vietnamese time. A total of 112,400 shares changed hands at a value of VND779 million.

By Thuy Doan

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