VN-Index hits four-month high

Vietnam’s benchmark VN-Index jumped to four-month high on February 22 as investors rushed to buy shares on speculation that the rising trend would prolong.

Shares of 302 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange enhanced 1.83 per cent, or 7.5 points, to close at 418.41 points, the highest level since November 1, 2011.

Among the index members, 192 climbed, 63 declined, while 52 stocks remained unchanged.

Trading on the city bourse slid by 7 per cent in volume, and 6 per cent in value over the previous trading session as around 55 million shares changed hands at a total value of VND740 billion.

Military Commercial Joint Stock Bank (MBB) was the most active share in volume with 3.63 million shares changing hands.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) was runner-up with 2.48 million shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 2.38 million shares.

Viky Plastic Joint Stock Company (VKP) reclaimed 16.67 per cent to close at VND700.

Basa Joint Stock Company (BAS) restored 12.5 per cent to close at VND900.

Saigon Beverages Joint Stock Company (TRI) escalated for three consecutive trading sessions, adding up 5.26 per cent to finish at VND2,000.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) tumbled 5.26 per cent to close at VND1,800.

HAI Agrochem Joint Stock Company (HAI) snapped its two-day winning run, giving up 5 per cent to close at VND19,000.

Long Giang Investment & Urban Development Joint Stock Company (LGL) fell 4.84 per cent to close at VND5,900.

The VN30 Index gained 8.7 points, or 1.88 per cent, to end at 479.97. Among its 30 members, 24 stocks rallied, 2 declined and 4 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north grew 2.83 per cent, or 1.81 points, to close at 65.7 points. Around 70.42 million shares changed hands at a total value of VND557.62 billion.

Meanwhile, the UPCoM-Index of unlisted shares rose 0.9 per cent, or 0.31 points, to 34.7 points at 11.30 am local time. A total of 5,380,900 shares were traded at VND265.46 billion.

By Thuy Doan

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