VN-Index hikes to four-month high

Vietnam’s benchmark VN-Index jumped to a four-month high on February 8 as investors continued to comb shares on speculation that the index would climb higher.

The measure which tracks 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange accelerated 2.11 per cent, or 8.45 points, to close at 409.53 points, the highest level since November 8, 2011.

Among the index members, 190 surged, 67 dropped, while 49 stocks remained unchanged.

Trading on the city bourse rose by 21 per cent in volume and 20 per cent in value as around 44.6 million shares changed hands at a total value of VND638.71 billion.

The third largest listed lender Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) topped the list of most active shares in volume with 3.42 million shares changing hands.

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB), the fourth largest listed lender, took the second rank with 2.97 million shares traded.

Military Commercial Joint Stock Bank (MBB) came next with 2.49 million shares.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) shot up 6.25 per cent to close at VND1,700.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) reclaimed 5.88 per cent to VND1,800.

Ninh Van Bay Travel Real Estate Joint Stock Company (NVT), Viet - Han Corporation (VHG), and Pha Lai Thermal Power Joint Stock Company (PPC) all grew 5 per cent to close at VND2,100, VND4,200, and VND8,400 respectively.

Cuu Long Fish Joint Stock Company (ACL) tumbled 8.5 per cent to close at VND18,300. The company will pay dividends for the second term of the year 2011 to its current shareholders in cash, at a ratio of 20 per cent on February 24.

Viet Thang Feed Joint Stock Company (VTF) crashed 4.89 per cent to close at VND21,400.

Becamex Asphalt & Concrete Joint Stock Company (ACC) ditched 4.88 per cent to close at VND19,500.

The VN30 Index climbed 11.67 points, or 2.6 per cent, to end at 460.98 points. Among its 30 members, 28 stocks rallied and two unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north climbed 1.94 per cent, or 1.21 points, to close at 63.74 points. Around 41 million shares changed hands at a total value of VND369.75 billion.

The UPCoM-Index of unlisted shares was at 34.53 points at 11.30 am local time. A total of 315,100 shares were traded at VND851 million.

By Thuy Doan

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