VN-Index inches up on rising demand

Vietnam’s benchmark VN-Index successfully dodged five-day losing trend to slightly recover at the end of the trading session on February 23 as investors started to calm down after two sale-off trading sessions.

The gauge of 280 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange restored 0.14 percent, or 0.65 points, to close at 470.67 points.

Of the index, 172 stocks advanced, 50 dropped, while 63 stalled.

Trading volume on the city bourse dropped to 36.9 million shares worth VND808.2 billion this morning.

Saigon Securities Inc. (SSI), the country’s largest brokerage, took the position of most active share in volume with 2.17 million shares changing hands.

Refrigeration Electrical Engineering Corporation (REE) followed with 1.69 million shares traded.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 1.63 million shares changing hands.

Food producer Interfood Shareholding Company (IFS), Mekophar Chemical Pharmaceutical Joint Stock Company (MKP), and South Logistics Joint Stock Company (STG) all sprang 5 percent to trade at VND10,500, VND46,200, and VND23,100 respectively.

PAN Pacific Corporation (PAN) snapped its five consecutive day losing streak, rebounding 4.97 percent to VND19,000.

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) edged up the second day, adding up 4.96 percent to VND36,000.

Full Power Joint Stock Company (FPC), which had been suspended for suffering losses for three consecutive years and resumed trading today, plunged 19.44 percent to VND5,800.

DOMESCO Medical Import Export Joint Stock Corporation (DMC) sank 7.41 percent to VND25,000.

Ba Ria – Vung Tau House Development Joint Stock Company (HDC) retreated for five straight days, losing 4.96 percent to VND32,600.

The losing momentum on the smaller bourse in the north also called halt as the Hanoi’s HNX-Index rallied 1.56 percent, or 1.49 points, to close at 96.95 points. Trading volume declined over the previous session as 32.8 million shares changed hands at a value of VND513 billion.

Meanwhile, the UPCom-Index revived 0.34 points to 39.97 points this morning. A total of 199,000 shares changed hands at a value of VND2.78 billion as of 11:20 am local time.

By Thuong Nhan

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